Freestanding Office
13715 University Ave Lubbock, TX 79423
For Sale
Contact for pricing
Freestanding office building offering 4,216 square feet well-suited for a range of professional and medical-related uses.
Property Size4,216 SF
Price / SF$260.91
Days on Market96
Property Features for 13715 University Ave
General Information
- Standard status
- Active
- Size
- 4,216 SF
- Property subtype
- OFFICE
Listing Agency:
Coldwell Banker Commercial Capital Advisors
(806) 577-3032
Listed By:
Alex Eberhardt
(806) 577-3032
Source:
Moodyscre
Added: Apr 20
Changed: Jul 21
Last Checked: Jul 22 at 4:03AM
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 Coldwell Banker Commercial Capital Advisors
Investment Insights
Based on property information with market context.
This freestanding office building totals 4,216 square feet and is positioned to support a wide range of professional uses. The property is described as a fit for medical, dental, legal, financial, insurance, or general office occupancy.
The building is located on University Ave in South Lubbock, where the offering notes continued population growth and robust commercial activity along the corridor.
As a stand-alone office asset, the property provides a dedicated building footprint for organizations seeking a permanent presence in an established commercial area.
The building is located on University Ave in South Lubbock, where the offering notes continued population growth and robust commercial activity along the corridor.
As a stand-alone office asset, the property provides a dedicated building footprint for organizations seeking a permanent presence in an established commercial area.
Key Highlights
- 4,216 SF freestanding office building suitable for a wide range of professional uses
- Adaptable for medical, dental, legal, financial, insurance, or general office occupancy
Financial Insights For Healthcare Medical
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 | $103.7k | $24.60 |
| − Vacancy | −$9.3k | −$2.21 |
| EGI | $94.4k | $22.39 |
| − OpEx | −$37.8k | −$8.95 |
| NOI | $56.6k | $13.43 |
4,216 SF · lease $24.60/SF/yr · vacancy 9.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$809.0K
$707.9K – $943.8K
NOI $56,628 @ 7.0% cap · market cap 5.15%
Second Best
Office B
$787.3K
$688.9K – $918.6K
NOI $55,114 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$1.06M
$930.0K – $1.24M
NOI $74,401 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bell Farms
Housing Development
Betenbough Homes - South ...
Construction Company
FAQs
What type of property is this?
Office building - Freestanding office building offering 4,216 square feet well-suited for a range of professional and medical-related uses.
Where is this office building located?
The property is located at 13715 University Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,216 SF freestanding office building suitable for a wide range of professional uses; Adaptable for medical, dental, legal, financial, insurance, or general office occupancy
