Multi-Suite Office
13037 Quaker Avenue, Lubbock, TX 79423
For Sale
$1,200,000
Commercial Sale, Lubbock, TX
Property Size4,660 SF
Lot Size0.52 Acres
Price / SF$257.51
Days on Market226
Property Features for 13037 Quaker Avenue
General Information
Property type
Property subtype
Lot features
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Roof type
Listing Agency:
Reside Real Estate Co.
(806) 646-6423
Listed By:
Lauren Egert · License TX #0776312
(214) 287-9631
Added: Apr 1
Changed: Oct 2
Last Checked: Nov 12 at 6:06PM
MLS# 202604211
Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2016, this 4,660-square-foot office property contains 14 suites and is fully leased. Central heating and air conditioning serve the building, which has a composition roof. The site comprises 0.52 acres.
Tenancies use full-service gross lease terms, with the landlord responsible for utilities, maintenance, and common expenses. The property reports an 8.42% cap rate and a 25.6% expense ratio. An anchor tenant contributes toward janitorial costs.
Tenancies use full-service gross lease terms, with the landlord responsible for utilities, maintenance, and common expenses. The property reports an 8.42% cap rate and a 25.6% expense ratio. An anchor tenant contributes toward janitorial costs.
Key Highlights
- Fully leased across 14 office suites
- 4,660 square feet on 0.52 acres
- Constructed in 2016
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,918
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,218,360
$1.2M
Cap Rate 7%
$870,257
$870.3K
Cap Rate 9%
$676,867
$676.9K
Market Conditions
NOI Build-Up for 4,660 SF
Gross rent
$97.9K $21.00/SF
− Vacancy
−$16.6K −$3.57/SF
EGI
$81.2K $17.43/SF
− OpEx
−$20.3K −$4.36/SF
NOI
$60.9K $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%
$1,218,360
Cap Rate 7%
$870,257
Cap Rate 9%
$676,867
Alternative Uses
Best Use
Office B
$870.3K
$761.5K – $1.02M
NOI $60,918 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,236 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
14
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
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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
$222,500
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Lubbock, TX
Properties on Market for Office buildings in Lubbock
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Fully occupied office property with full-service gross leases and 14 tenant suites.
Where is this office building located?
The property is located at 13037 Quaker Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Fully leased across 14 office suites; 4,660 square feet on 0.52 acres; Constructed in 2016
