Office Space Available For
For Sale
Contact for pricing
4415 71st Street, Lubbock, TX
Office space for lease, approximately 1,821 square feet.
Property Size1,821 SF
Lot Size623.86 Acres
Price / SF$270.67
Days on Market846
Property Features for 4415 71st Street
General Information
Standard status
Active
Size
1,821 SF
Lot size
623.86 Acres
Property subtype
OFFICE
Properties For Sale
at 4415 71st Street Contact us- Size
- 1,821 SF
- Type
- OFFICE
- Lease Type
- OTHER
- Availability
- AVAILABLE
Office Space for Lease
Property Type: Office Use
Lease Rate: $12.50/PSF
Total Sq. Footage: 1,821...
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Listing Agency:
Bill Young Real Estate
(806) 470-8318
Listed By:
William Young
(806) 470-8318
Source:
Moodyscre
Added: May 1, 2024
Changed: Aug 12
Last Checked: Aug 24 at 2:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bill Young Real Estate
Investment Insights
Based on property information with market context.
This office space, constructed in 1984, is available for lease. The property offers approximately 1,821 square feet of space. The lease rate is $12.50 per square foot. Tenant expenses include electric and gas.
Key Highlights
- Office use property type
- Lease rate: $12.50/PSF
- Total sq. footage: 1,821 SF +/-
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,805
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$476,100
$476.1K
Cap Rate 7%
$340,071
$340.1K
Cap Rate 9%
$264,500
$264.5K
Market Conditions
NOI Build-Up for 1,821 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.2K $21.00/SF
− Vacancy
−$6.5K −$3.57/SF
EGI
$31.7K $17.43/SF
− OpEx
−$7.9K −$4.36/SF
NOI
$23.8K $13.07/SF
Area
Lubbock, TX
Vacancy
17.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$476,100
Cap Rate 7%
$340,071
Cap Rate 9%
$264,500
Alternative Uses
Best Use
Office B
$340.1K
$297.6K – $396.8K
NOI $23,805 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$459.1K
$401.7K – $535.6K
NOI $32,136 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,121
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office space for lease, approximately 1,821 square feet.
Where is this office units located?
The property is located at 4415 71st Street Lubbock, TX.
What is the asking price?
The asking price for this property is $492,885.
What are key features of this property?
This property features: Office use property type; Lease rate: $12.50/PSF; Total sq. footage: 1,821 SF +/-
