Building Details

Year Built 2025

Listing Agency: WestMark Commercial k***@westmarkrealtors.com Show Phone

Listed By: Kelsey Zickefoose · License #TX 0724914

Source: Crexi

Added: Dec 10, 2024 Changed: Jul 6 Last Checked: Jul 30 at 6:48AM

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Investment Insights

Based on property information with market context.

This Class A office building is under construction in a newly developed office park in South Lubbock. Constructed by Clearview, the property features 7 private offices, a centrally located workroom, 2 restrooms, and a break room. The layout is designed to facilitate an efficient workflow for various users.

Key Highlights

• New construction (2025) in a newly developed office park.
• Class A office building.**
• Built by Clearview.

Property Analytics

Property Profile

Current Use

Office buildings

Suggested Use

Top Pick Restaurant Real Estate Agency Building Supply Spa & Massage Center Hair Salon Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$3.15 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

143

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office building - Class A office space in a newly developed office park.

Where is this office building located?

The property is located at 13918 Indiana Ave Lubbock, TX.

What is the lease rate?

The lease rate is $21 SF/Yr.

What are key features of this property?

This property features: New construction (2025) in a newly developed office park.; Class A office building.**; Built by Clearview.