Brand-New Garden Office
For Sale
Contact for pricing
1418-1424 N Slide rd., Lubbock, TX 79416
New garden office building with an efficient layout, 2 restrooms, and 8 offices for professional use.
Property Size2,397 SF
Price / SF$285
Days on Market997
Property Features for 1418-1424 N Slide rd.
General Information
Standard status
Active
Size
2,397 SF
Property subtype
OFFICE
Additional Details
Office Units
1
Listing Agency:
McDougal, REALTORS
(806) 317-0234
Listed By:
Ethan Quisenberry · License #0758039
(806) 317-0234
Source:
Moodyscre
Added: Nov 10, 2023
Changed: Jul 30
Last Checked: Aug 2 at 5:07AM
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 McDougal, REALTORS
Investment Insights
Based on property information with market context.
Brand-new garden office building offering 2,397 SF of clean, functional workspace. The interior layout includes 2 restrooms and 8 offices, creating a practical setup for day-to-day operations and client meetings.
Located at 1418-1424 N. Slide rd., Lubbock, TX 79416, the property sits within the NorthWest Passage development, described as a 1,300-acre project that blends residential real estate with a variety of commercial uses. The surrounding plan includes multiple mixed-use commercial tracts and over 700 single-family residential lots planned for upcoming phases.
Designed as an office environment, this space can serve a business looking for a modern headquarters within a growing mixed-use community.
Located at 1418-1424 N. Slide rd., Lubbock, TX 79416, the property sits within the NorthWest Passage development, described as a 1,300-acre project that blends residential real estate with a variety of commercial uses. The surrounding plan includes multiple mixed-use commercial tracts and over 700 single-family residential lots planned for upcoming phases.
Designed as an office environment, this space can serve a business looking for a modern headquarters within a growing mixed-use community.
Key Highlights
- 2,397 SF brand‑new garden office building
- 2 restrooms
- 8 offices
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 | $50.3k | $21.00 |
| − Vacancy | −$8.6k | −$3.57 |
| EGI | $41.8k | $17.43 |
| − OpEx | −$10.4k | −$4.36 |
| NOI | $31.3k | $13.07 |
2,397 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$447.6K
$391.7K – $522.3K
NOI $31,335 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$604.3K
$528.8K – $705.0K
NOI $42,300 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
Explore this area
Business Placement
Demographics for 79416, TX
36,251
Population
16,094
Households
2.3
Avg Household Size
30
Median Age
39%
College-Educated
93%
High-School Grad
32.1 sq mi
ZIP Area
1,129
Density / Sq Mi
$65,200
Median Household Income
$34,258
Median Earnings
$1,269
Median Rent
$196,900
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 - New garden office building with an efficient layout, 2 restrooms, and 8 offices for professional use.
Where is this office building located?
The property is located at 1418-1424 N Slide rd. Lubbock, TX.
What is the asking price?
The asking price for this property is $683,145.
What are key features of this property?
This property features: 2,397 SF brand‑new garden office building; 2 restrooms; 8 offices
