Three-Tenant Office
For Sale
Contact for pricing
11903 Frankford Ave, Lubbock, TX 79424
Three-suite office building with modern layouts; one suite is vacant and two are fully leased.
Property Size3,425 SF
Price / SF$243.72
Days on Market56
Property Features for 11903 Frankford Ave
General Information
Standard status
Active
Size
3,425 SF
Property subtype
OFFICE
Additional Details
Office Units
3
Building Details
Tenancy
Multi
Listing Agency:
Keller Williams Commercial Lubbock
(806) 928-3233
Listed By:
Jennifer Colley · License #0652515
(806) 928-3233
Source:
Moodyscre
Added: Jun 8
Changed: Jul 27
Last Checked: Aug 1 at 5:26AM
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 Keller Williams Commercial Lubbock
Investment Insights
Based on property information with market context.
This is a three-tenant office building featuring a professional, modern layout. Suite 100 is currently vacant, while Suite 200 and Suite 300 are fully leased, providing immediate income. The property is described as newer construction and well-maintained, with garden office-style configuration.
The building is located at 11903 Frankford Ave in Lubbock, near 119th & Frankford. Public remarks describe the surrounding area as a mix of residential growth, schools, and commercial development.
The offering provides an investor or owner-occupant the opportunity to acquire a multi-tenant office asset with current occupancy in two of three suites, and lease availability for the remaining suite stated to be available upon request.
The building is located at 11903 Frankford Ave in Lubbock, near 119th & Frankford. Public remarks describe the surrounding area as a mix of residential growth, schools, and commercial development.
The offering provides an investor or owner-occupant the opportunity to acquire a multi-tenant office asset with current occupancy in two of three suites, and lease availability for the remaining suite stated to be available upon request.
Key Highlights
- Three‑suite office building with modern layouts: Suite 100 (1,497 SF) vacant; Suite 200 (960 SF) and Suite 300 (968 SF) fully leased
- Two fully leased suites provide immediate income while Suite 100 is ready for a new tenant
- Garden office building with a professional layout designed for tenant and client use
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 | $71.9k | $21.00 |
| − Vacancy | −$12.2k | −$3.57 |
| EGI | $59.7k | $17.43 |
| − OpEx | −$14.9k | −$4.36 |
| NOI | $44.8k | $13.07 |
3,425 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$639.6K
$559.7K – $746.2K
NOI $44,773 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$863.5K
$755.5K – $1.01M
NOI $60,442 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Explore this area
Business Placement
Demographics for 79424, TX
53,479
Population
22,800
Households
2.3
Avg Household Size
38
Median Age
47%
College-Educated
95%
High-School Grad
41.6 sq mi
ZIP Area
1,286
Density / Sq Mi
$94,703
Median Household Income
$52,417
Median Earnings
$1,151
Median Rent
$279,600
Median Home Value
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 building - Three-suite office building with modern layouts; one suite is vacant and two are fully leased.
Where is this office building located?
The property is located at 11903 Frankford Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $834,750.
What are key features of this property?
This property features: Three‑suite office building with modern layouts: Suite 100 (1,497 SF) vacant; Suite 200 (960 SF) and Suite 300 (968 SF) fully leased; Two fully leased suites provide immediate income while Suite 100 is ready for a new tenant; Garden office building with a professional layout designed for tenant and client use
