Freestanding Office Building For
6311 79th St Lubbock, TX
6311 79th St, Lubbock, TX, 00000
Contact for pricing
For Sale
Contact for pricing
Freestanding office building with multiple private offices and conference room.
Property Size2,330 SF
Lot Size1.29 Acres
Price / SF$276.42
Days on Market550
Property Features for 6311 79th St
General Information
- Standard status
- Active
- Size
- 2,330 SF
- Lot size
- 1.29 Acres
- Property subtype
- OFFICE
Properties For Sale
at 6311 79th St Contact us
Listing Agency
WestMark Commercial | TCN Worldwide
(806) 781-3875
Listed by
Karen Higgins, CCIM · License ##0331521-B
(806) 781-3875
Source
Moodyscre
Added: Jan 13, 2025 Checked: Jul 17 at 3:13 am
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 WestMark Commercial | TCN Worldwide
Investment Insights
Based on property information with market context.
This freestanding office building is designed to accommodate multiple office users. The office space features 6 private offices and a larger conference room situated at the front, providing convenient access to the lobby and reception area. A fully equipped break room is located at the rear of the office, offering ample space for employees. Additionally, there are 2 separate restrooms and a centrally located copy/work room. The property offers a functional layout and is located in Lubbock, TX. The building has a total area of 2330 square feet. This office is suitable for businesses seeking a professional environment with essential amenities.
Key Highlights
- Excellent location for businesses
- 6 Private Offices plus a Conference Room
- Functional layout designed for multiple office users
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.9k | $21.00 |
| − Vacancy | −$8.3k | −$3.57 |
| EGI | $40.6k | $17.43 |
| − OpEx | −$10.2k | −$4.36 |
| NOI | $30.5k | $13.07 |
2,330 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$435.1K
$380.7K – $507.7K
NOI $30,459 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$587.4K
$514.0K – $685.3K
NOI $41,118 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Freestanding office building with multiple private offices and conference room.
Where is this office building located?
The property is located at 6311 79th St Lubbock, TX.
What is the asking price?
The asking price for this property is $644,050.
What are key features of this property?
This property features: Excellent location for businesses; 6 Private Offices plus a Conference Room; Functional layout designed for multiple office users
