Multi-Building Office
For Sale
Contact for pricing
11903 Frankford Avenue, Lubbock, TX 79424
Four-building office community offers designer finishes, CAT-5 cabling, and ADA-compliant restrooms with select shell suites.
Property Size3,425 SF
Price / SF$218.69
Days on Market205
Property Features for 11903 Frankford Avenue
General Information
Standard status
Active
Size
3,425 SF
Property subtype
Retail, Office
Lease Type
Modified Gross
Amenities
coffee bars with granite countertops
prewired with CAT-5 cabling
ADA-compliant restrooms
Building Details
Year Built
2019
Tenancy
Multi
Listing Agency:
Keller Williams Realty
Listed By:
Jennifer Colley · License #652515
(806) 928-3233
Source:
Crexi
Added: Apr 12
Changed: Oct 25
Last Checked: Nov 1 at 4:55AM
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 Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Stonewood office community consists of four office buildings with multiple floorplans, including fully finished suites and two buildings delivered in shell condition. Designer finishes are featured throughout the finished space, with coffee bars that include granite countertops, ADA-compliant restrooms, and prewiring with CAT-5 cabling. A build-to-suit interior option is available for up to 3,572 square feet.
The property is located on the east side of Frankford Avenue in southwest Lubbock, positioned four blocks south of 114th Street, within an area highlighted for ongoing residential, multi-family, retail, and restaurant construction.
Suites range from 960 to 1,578 square feet across the multi-floorplan buildings, while the two larger buildings are available as shell construction for an owner-designed interior or interior buildout based on an allowance.
The property is located on the east side of Frankford Avenue in southwest Lubbock, positioned four blocks south of 114th Street, within an area highlighted for ongoing residential, multi-family, retail, and restaurant construction.
Suites range from 960 to 1,578 square feet across the multi-floorplan buildings, while the two larger buildings are available as shell construction for an owner-designed interior or interior buildout based on an allowance.
Key Highlights
- Four‑building office community at Stonewood with suite sizes from 960 to 1,578 SF, plus build‑to‑suit up to 3,572 SF
- Select finished suites include designer finishes, coffee bars with granite countertops, prewired CAT‑5 cabling, and ADA‑compliant restrooms
- Two buildings are currently in shell condition: 11911 Frankford Ave (3,572 SF) and 11915 Frankford Ave (3,491 SF)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,773
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$895,460
$895.5K
Cap Rate 7%
$639,614
$639.6K
Cap Rate 9%
$497,478
$497.5K
Market Conditions
NOI Build-Up for 3,425 SF
Gross rent
$71.9K $21.00/SF
− Vacancy
−$12.2K −$3.57/SF
EGI
$59.7K $17.43/SF
− OpEx
−$14.9K −$4.36/SF
NOI
$44.8K $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 Rate 5%
$895,460
Cap Rate 7%
$639,614
Cap Rate 9%
$497,478
Alternative Uses
Best Use
Office B
$639.6K
$559.7K – $746.2K
NOI $44,773 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$863.5K
$755.5K – $1.01M
NOI $60,442 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Four-building office community offers designer finishes, CAT-5 cabling, and ADA-compliant restrooms with select shell suites.
Where is this office building located?
The property is located at 11903 Frankford Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Four‑building office community at Stonewood with suite sizes from 960 to 1,578 SF, plus build‑to‑suit up to 3,572 SF; Select finished suites include designer finishes, coffee bars with granite countertops, prewired CAT‑5 cabling, and ADA‑compliant restrooms; Two buildings are currently in shell condition: 11911 Frankford Ave (3,572 SF) and 11915 Frankford Ave (3,491 SF)
