Office Unit with Private
For Sale
$1,107,800
13912 Indiana Ave, Lubbock, TX 79424
Includes a conference room, break room, copy room, and substantial storage.
Property Size3,887 SF
Days on Market48
Property Features for 13912 Indiana Ave
General Information
Standard status
Active
Size
3,887 SF
Class
A
Property subtype
Office
Building Details
Building Size
3,887 SF
Year Built
2023
Listing Agency:
WestMark Commercial | TCN Worldwide
Listed By:
Karen Higgins, CCIM · License #TX #0331521-B
(806) 776-2833
Source:
Westmarkcommercial
Added: Sep 18
Changed: Nov 3
Last Checked: Nov 3 at 4:23AM
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
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Investment Insights
Based on property information with market context.
Built in 2023, this 3,887-square-foot office unit offers a practical configuration for professional operations, with tall ceilings and an efficient interior plan. The layout includes 10 private offices, a conference room, break room, copy room, and ample storage.
The property fronts Indiana Avenue near Kelsey Park in South Lubbock. Its office-oriented improvements and dedicated support areas provide a functional setting for a range of business operations.
The property fronts Indiana Avenue near Kelsey Park in South Lubbock. Its office-oriented improvements and dedicated support areas provide a functional setting for a range of business operations.
Key Highlights
- 3,887 SF office unit built in 2023
- 10 private offices plus a conference room
- Tall ceilings and efficient interior layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,813
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,016,260
$1.0M
Cap Rate 7%
$725,900
$725.9K
Cap Rate 9%
$564,589
$564.6K
Market Conditions
NOI Build-Up for 3,887 SF
Gross rent
$81.6K $21.00/SF
− Vacancy
−$13.9K −$3.57/SF
EGI
$67.8K $17.43/SF
− OpEx
−$16.9K −$4.36/SF
NOI
$50.8K $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%
$1,016,260
Cap Rate 7%
$725,900
Cap Rate 9%
$564,589
Alternative Uses
Best Use
Office B
$725.9K
$635.2K – $846.9K
NOI $50,813 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$979.9K
$857.4K – $1.14M
NOI $68,595 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
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Business Placement
Demographics for 79424, TX
53,479
Population
22,800
Households
2.3
Avg Household Size
38
Median Age
47%
College-Educated
95%
High-School Grad
41.6 sq mi
ZIP Area
1,286
Density / Sq Mi
$94,703
Median Household Income
$52,417
Median Earnings
$1,151
Median Rent
$279,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Includes a conference room, break room, copy room, and substantial storage.
Where is this office unit located?
The property is located at 13912 Indiana Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $1,107,800.
What are key features of this property?
This property features: 3,887 SF office unit built in 2023; 10 private offices plus a conference room; Tall ceilings and efficient interior layout
