Farmhouse-Style Smart Office
3204 140th Street Lubbock, TX 79423
3204 140th Street, Lubbock, TX, 79423
$1,103,000
For Sale
$1,103,000
Brand-new office building on a large corner lot with a fenced, covered north-facing back patio and multiple lockable offices.
Property Size3,869 SF
Price / SF$285.09
Days on Market557
Property Features for 3204 140th Street
General Information
- Standard status
- Active
- Size
- 3,869 SF
- Property subtype
- Office
Building Details
- Year Built
- 2025
Listing agency
Realty One
(806) 891-3195
Listed by
Murphy Coon · License #669982
(806) 891-3195
Source
Xome
Added: Jan 11, 2025 Updated: Jul 20 at 8:40PM Checked: Jul 22 at 3:48AM
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 Realty One
Investment Insights
Based on property information with market context.
Brand new farmhouse-style smart garden office built with smart brick construction. The layout features a reception area, lobby space with upper wall TV plug points, and a secure office configuration that includes 11 twenty-minute fire-rated lockable executive offices. There is also a large conference room, a break area with kitchenette, an IT storage closet, and two ADA restrooms. Interior finishes include black, white, and natural wood elements and granite countertops, with Nest thermostats and Cat 6 cabling for fast internet. Solid-core twenty-minute fire-rated doors with private locks are also included, plus a north-facing fenced covered back patio. The configuration is also described as eight offices plus a multi-use conference room.
Located on a large corner lot at Indiana and 140th Street in Lubbock, Texas, the property is just south of the new Outer Loop 88. It is adjacent to the Lubbock Copper ISD administration offices and the Lubbock Police South Station, in a highly developing area.
Located on a large corner lot at Indiana and 140th Street in Lubbock, Texas, the property is just south of the new Outer Loop 88. It is adjacent to the Lubbock Copper ISD administration offices and the Lubbock Police South Station, in a highly developing area.
Key Highlights
- New 2025 office building on a large corner lot at Indiana and 140th Street
- Smart garden office with reception, lobby, and north‑facing fenced, covered back patio
- Includes 11 fire‑rated lockable executive offices plus a large conference room and lobby TV wall outlets
Local 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 | $95.2k | $24.60 |
| − Vacancy | −$8.6k | −$2.21 |
| EGI | $86.6k | $22.39 |
| − OpEx | −$34.6k | −$8.95 |
| NOI | $52.0k | $13.43 |
3,869 SF · lease $24.60/SF/yr · vacancy 9.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$742.4K
$649.6K – $866.1K
NOI $51,967 @ 7.0% cap · market cap 4.71%
Second Best
Office B
$722.5K
$632.2K – $843.0K
NOI $50,578 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$975.4K
$853.5K – $1.14M
NOI $68,277 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Brand-new office building on a large corner lot with a fenced, covered north-facing back patio and multiple lockable offices.
Where is this office building located?
The property is located at 3204 140th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $1,103,000.
What are key features of this property?
This property features: New 2025 office building on a large corner lot at Indiana and 140th Street; Smart garden office with reception, lobby, and north‑facing fenced, covered back patio; Includes 11 fire‑rated lockable executive offices plus a large conference room and lobby TV wall outlets
