New Construction Office Park
For Sale
Contact for pricing
13916-14102 Indiana Ave, Lubbock, TX 79423
Newly developed office building with 7 private offices, breakroom, and workroom/copy room plus front and back door parking.
Property Size2,232 SF
Price / SF$300
Days on Market600
Property Features for 13916-14102 Indiana Ave
General Information
Standard status
Active
Size
2,232 SF
Property subtype
OFFICE
Listing Agency:
WestMark Commercial | TCN Worldwide
(806) 781-3875
Listed By:
Karen Higgins, CCIM · License ##0331521-B
(806) 781-3875
Source:
Moodyscre
Added: Dec 10, 2024
Changed: Jul 28
Last Checked: Aug 2 at 8:34AM
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.
Introducing a newly developed office park in South Lubbock, featuring a newly constructed office building with approximately 2,232 square feet of modern, flexible workspace. The suite includes seven private offices, a workroom/copy room, a breakroom, and two restrooms, designed to support day-to-day professional operations.
Access is supported by front and back door parking for convenient entry to the building. The office park is located at 13916–14102 Indiana Ave in Lubbock, Texas, and the estimated completion is Summer of 2025.
This offering is currently planned as a new construction office park, with the space configuration centered on private offices and supporting rooms for shared and administrative functions.
Access is supported by front and back door parking for convenient entry to the building. The office park is located at 13916–14102 Indiana Ave in Lubbock, Texas, and the estimated completion is Summer of 2025.
This offering is currently planned as a new construction office park, with the space configuration centered on private offices and supporting rooms for shared and administrative functions.
Key Highlights
- Newly developed office building in South Lubbock with 2,232 SF of flexible office space
- Features 7 private offices for individual work or team collaboration
- Includes a workroom/copy room, breakroom, and two restrooms
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 | $46.9k | $21.00 |
| − Vacancy | −$8.0k | −$3.57 |
| EGI | $38.9k | $17.43 |
| − OpEx | −$9.7k | −$4.36 |
| NOI | $29.2k | $13.07 |
2,232 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$416.8K
$364.7K – $486.3K
NOI $29,178 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$562.7K
$492.4K – $656.5K
NOI $39,389 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
30
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
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Frequently Asked Questions
What type of property is this?
Office building - Newly developed office building with 7 private offices, breakroom, and workroom/copy room plus front and back door parking.
Where is this office building located?
The property is located at 13916-14102 Indiana Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $669,600.
What are key features of this property?
This property features: Newly developed office building in South Lubbock with 2,232 SF of flexible office space; Features 7 private offices for individual work or team collaboration; Includes a workroom/copy room, breakroom, and two restrooms
