Medical Office Space with NN
For Sale
Contact for pricing
12210 Quaker Ave, Lubbock, TX 79424
Single-tenant medical office on Quaker Ave with an NN lease featuring remaining term and scheduled annual increases.
Property Size18,018 SF
Price / SF$408.29
Days on Market207
Property Features for 12210 Quaker Ave
General Information
Standard status
Active
Size
18,018 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Trek Investment Group
(512) 400-0458
Listed By:
Parker Carroll · License #574702
(512) 400-0458
Source:
Moodyscre
Added: Jan 5
Changed: Jul 29
Last Checked: Jul 30 at 2:37PM
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 Trek Investment Group
Investment Insights
Based on property information with market context.
Medical Office Space offered with an NN lease structure and a long-term tenancy. The lease has 7 years remaining, with 2% annual increases throughout the term. There are also two renewal option periods of 2–5 years each, with 2% annual increases applying through the options.
Located at 12210 Quaker Ave in Lubbock, TX 79424, the property is described as serving a long-term practice since 1998. The public remarks also reference an exclusive New Vintage Township neighborhood and an average household income of $184,000+ in a 1 mile radius. The site is positioned as being on a major thoroughfare to Loop 289 and the Medical District, with traffic counts reported at 21,000+ VPD.
The property size is listed as 18,018 square feet.
Located at 12210 Quaker Ave in Lubbock, TX 79424, the property is described as serving a long-term practice since 1998. The public remarks also reference an exclusive New Vintage Township neighborhood and an average household income of $184,000+ in a 1 mile radius. The site is positioned as being on a major thoroughfare to Loop 289 and the Medical District, with traffic counts reported at 21,000+ VPD.
The property size is listed as 18,018 square feet.
Key Highlights
- NN lease with 7 years remaining
- 2% annual increases throughout the NN lease term
- Two 2–5 year renewal options with 2% annual increases
Financial Insights For Healthcare Medical
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 | $443.2k | $24.60 |
| − Vacancy | −$39.9k | −$2.21 |
| EGI | $403.4k | $22.39 |
| − OpEx | −$161.3k | −$8.95 |
| NOI | $242.0k | $13.43 |
18,018 SF · lease $24.60/SF/yr · vacancy 9.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$3.46M
$3.03M – $4.03M
NOI $242,011 @ 7.0% cap · market cap 3.29%
Second Best
Office B
$3.36M
$2.94M – $3.93M
NOI $235,540 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$4.54M
$3.97M – $5.30M
NOI $317,967 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,121
Businesses Nearby
Under-served
Demand for This Use
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?
Medical Office Space - Single-tenant medical office on Quaker Ave with an NN lease featuring remaining term and scheduled annual increases.
Where is this medical office space located?
The property is located at 12210 Quaker Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $7,356,500.
What are key features of this property?
This property features: NN lease with 7 years remaining; 2% annual increases throughout the NN lease term; Two 2–5 year renewal options with 2% annual increases
