Office Unit with Pool
For Sale
$295,000
12002 Trafalgar Ave, Lubbock, TX 79424
Suite 202 offers flexible occupancy timing, with tenant vacatur available upon 60 days’ notice.
Property Size1,734 SF
Price / SF$170.13
Days on Market48
Property Features for 12002 Trafalgar Ave
General Information
Standard status
Active
Size
1,734 SF
Property subtype
Office
Building Details
Building Size
1,734 SF
Year Built
2009
Listing Agency:
Coldwell Banker Commercial Capital Advisors
Listed By:
Lexi Beam · License #818956
(806) 549-4403
Source:
Commercialcafe
Added: Sep 5
Changed: Oct 19
Last Checked: Oct 20 at 5:31PM
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 Coldwell Banker Commercial Capital Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 202 is a 1,734-square-foot office unit built in 2009 at Vintage Township. The space overlooks the property pool and is currently available for purchase, with an existing tenant able to vacate upon 60 days’ notice.
Located at 12002 Trafalgar Ave in Lubbock, Texas, the suite can accommodate either continued tenancy or a future owner-occupier, subject to the stated notice period.
Located at 12002 Trafalgar Ave in Lubbock, Texas, the suite can accommodate either continued tenancy or a future owner-occupier, subject to the stated notice period.
Key Highlights
- 1,734 SF office unit in Suite 202
- Pool‑facing view at Vintage Township
- Existing tenant can vacate with 60 days’ notice
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,668
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,360
$453.4K
Cap Rate 7%
$323,829
$323.8K
Cap Rate 9%
$251,867
$251.9K
Market Conditions
NOI Build-Up for 1,734 SF
Gross rent
$36.4K $21.00/SF
− Vacancy
−$6.2K −$3.57/SF
EGI
$30.2K $17.43/SF
− OpEx
−$7.6K −$4.36/SF
NOI
$22.7K $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%
$453,360
Cap Rate 7%
$323,829
Cap Rate 9%
$251,867
Alternative Uses
Best Use
Office B
$323.8K
$283.4K – $377.8K
NOI $22,668 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$437.1K
$382.5K – $510.0K
NOI $30,600 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
364
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
Frequently Asked Questions
What type of property is this?
Office unit - Suite 202 offers flexible occupancy timing, with tenant vacatur available upon 60 days’ notice.
Where is this office unit located?
The property is located at 12002 Trafalgar Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1,734 SF office unit in Suite 202; Pool‑facing view at Vintage Township; Existing tenant can vacate with 60 days’ notice
