Move-In-Ready Office
8009 Genoa Ave Lubbock, TX 79424
New
8009 Genoa Ave, Lubbock, TX, 79424
$540,000
For Sale
$540,000
Office suite includes reception, private offices, a conference room, restroom, and storage, currently leased through February 2027.
Property Size2,457 SF
Price / SF$219.78
Days on Market3
Property Features for 8009 Genoa Ave
General Information
- Standard status
- Active
- Size
- 2,457 SF
Building Details
- Year Built
- 2019
Listing agency
ALL Real Estate, LLC
(806) 543-6095
Listed by
Amy Cox · License #0667992
Source
Raftercrossrealty
Added: Jul 20 Updated: Jul 21 at 7:48PM Checked: Jul 21 at 7:48PM
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 ALL Real Estate, LLC
Investment Insights
Based on property information with market context.
This move-in-ready office suite is designed for day-to-day business operations, with a welcoming reception area, private offices, and a dedicated conference room. The suite also includes an on-site restroom and ample storage to support a functional workflow.
The property is positioned with easy access and ample parking, and it benefits from visibility in a surrounding mix of established neighborhoods, retail, and major thoroughfares.
The suite is currently leased through February 2027, offering continuity for an investor and potential timing flexibility for an owner-occupant planning ahead.
The property is positioned with easy access and ample parking, and it benefits from visibility in a surrounding mix of established neighborhoods, retail, and major thoroughfares.
The suite is currently leased through February 2027, offering continuity for an investor and potential timing flexibility for an owner-occupant planning ahead.
Key Highlights
- Office suite built in 2019 with reception, private offices, a dedicated conference room, restroom, and ample storage
- Currently leased through February 2027
- Move‑in‑ready office layout designed for professional use with reception, conference, and private office spaces
Local 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 | $51.6k | $21.00 |
| − Vacancy | −$8.8k | −$3.57 |
| EGI | $42.8k | $17.43 |
| − OpEx | −$10.7k | −$4.36 |
| NOI | $32.1k | $13.07 |
2,457 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$458.8K
$401.5K – $535.3K
NOI $32,119 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$619.4K
$542.0K – $722.7K
NOI $43,359 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kuykendall & Schneider
Financial Advisor
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office suite includes reception, private offices, a conference room, restroom, and storage, currently leased through February 2027.
Where is this office units located?
The property is located at 8009 Genoa Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Office suite built in 2019 with reception, private offices, a dedicated conference room, restroom, and ample storage; Currently leased through February 2027; Move‑in‑ready office layout designed for professional use with reception, conference, and private office spaces
