Lubbock Office Investment
For Sale
$1,300,000
13037 Quaker Avenue, Lubbock, TX 79423
COMMERCIAL - Lubbock, TX
Property Size4,660 SF
Lot Size0.52 Acres
Price / SF$278.97
Days on Market128
Property Features for 13037 Quaker Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Paved, Level
Subdivision
11
Standard status
Active
APN
R324878
Size
4,660 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Description
Kelsey Park Tr J
Tax Annual Amount
21309
Legal Description
Kelsey Park Tr J
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2016
Floors in Building
1
Roof type
Composition
Listing Agency:
Reside Real Estate Co.
(806) 646-6423
Listed By:
Lauren Egert · License #0776312
(214) 287-9631
Added: Apr 1
Changed: Aug 4
Last Checked: Aug 6 at 5:06AM
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.
Investment Insights
Based on property information with market context.
This fully leased office investment, constructed in 2016, is located in a desirable business corridor of Lubbock. The multi-tenant property features 14 office suites. A strong anchor tenant occupies a majority of the space, contributing to income stability. The remaining suites are leased to a diverse mix of tenants, creating a balanced rent roll. The property is a turnkey opportunity for investors seeking a stabilized asset. The building generates $135,792 in annual gross income and approximately $101,025 in Net Operating Income. The property is situated on a 0.52-acre lot and has a total area of 4,660 square feet.
Key Highlights
- Fully leased office building providing immediate cash flow.
- Strong anchor tenant ensures income stability.
- Attractive 7.77% cap rate.
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 | $97.9k | $21.00 |
| − Vacancy | −$16.6k | −$3.57 |
| EGI | $81.2k | $17.43 |
| − OpEx | −$20.3k | −$4.36 |
| NOI | $60.9k | $13.07 |
4,660 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$870.3K
$761.5K – $1.02M
NOI $60,918 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,236 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Fully leased office building in Lubbock, TX, generating immediate income.
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 $1,300,000.
What are key features of this property?
This property features: Fully leased office building providing immediate cash flow.; Strong anchor tenant ensures income stability.; Attractive 7.77% cap rate.
