Office/Warehouse NNN
For Sale
$1,504,458
11426 CR 2220, Lubbock, TX 79423
New 12,000 SF office/warehouse investment with a NNN lease, truck well, and two overhead doors.
Property Size12,000 SF
Price / SF$125.37
Days on Market64
Property Features for 11426 CR 2220
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Industrial
Lease Type
NNN
Additional Details
Lease Term
36 months
Listing Agency:
WestMark Commercial | TCN Worldwide
(806) 776-2833
Listed By:
Karen Higgins, CCIM · License #TX #0331521-B
Source:
Westmarkcommercial
Added: Jun 2
Changed: Jul 23
Last Checked: Jul 23 at 5:27AM
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 WestMark Commercial | TCN Worldwide
Investment Insights
Based on property information with market context.
New-construction office/warehouse investment is offered with an NNN lease structure for a term of three years. The building includes a truck well and two overhead doors, supporting efficient loading for distribution and service-oriented operations.
The property is presented as a low-maintenance option with minimal landlord responsibilities, along with built-in annual rent escalations during the lease term.
For investors, the combination of a modern, newly constructed facility and an NNN lease provides a straightforward leasing profile centered on long-term income predictability.
The property is presented as a low-maintenance option with minimal landlord responsibilities, along with built-in annual rent escalations during the lease term.
For investors, the combination of a modern, newly constructed facility and an NNN lease provides a straightforward leasing profile centered on long-term income predictability.
Key Highlights
- New construction 12,000 SF office/warehouse investment
- NNN lease with a 3‑year term and annual rent escalations
- Truck well plus two overhead doors for efficient loading and distribution/service use
Financial Insights For Industrial
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 | $208.8k | $17.40 |
| − Vacancy | −$15.7k | −$1.31 |
| EGI | $193.1k | $16.10 |
| − OpEx | −$57.9k | −$4.83 |
| NOI | $135.2k | $11.27 |
12,000 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$2.35M
$2.05M – $2.74M
NOI $164,169 @ 7.0% cap · market cap 10.91%
Second Best
Industrial
$1.93M
$1.69M – $2.25M
NOI $135,198 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$3.03M
$2.65M – $3.53M
NOI $211,766 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79423, TX
42,311
Population
18,463
Households
2.3
Avg Household Size
35
Median Age
38%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
659
Density / Sq Mi
$82,906
Median Household Income
$45,520
Median Earnings
$1,284
Median Rent
$222,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Rissa's — 2213 Woodrow Rd, Lubbock, TX 79423
Frequently Asked Questions
What type of property is this?
Flex space - New 12,000 SF office/warehouse investment with a NNN lease, truck well, and two overhead doors.
Where is this flex space located?
The property is located at 11426 CR 2220 Lubbock, TX.
What is the asking price?
The asking price for this property is $1,504,458.
What are key features of this property?
This property features: New construction 12,000 SF office/warehouse investment; NNN lease with a 3‑year term and annual rent escalations; Truck well plus two overhead doors for efficient loading and distribution/service use
