Duplex Office
For Sale
Contact for pricing
1418-1424 N Slide rd., Lubbock, TX 79416
New duplex office building offers flexibility to occupy or split for separate suites.
Property Size4,682 SF
Price / SF$285
Days on Market998
Property Features for 1418-1424 N Slide rd.
General Information
Standard status
Active
Size
4,682 SF
Property subtype
OFFICE
Additional Details
Business Included
No
Listing Agency:
McDougal, REALTORS
(806) 317-0234
Listed By:
Ethan Quisenberry · License #0758039
(806) 317-0234
Source:
Moodyscre
Added: Nov 10, 2023
Changed: Jul 28
Last Checked: Aug 4 at 6:41AM
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.
This brand-new office building features a duplex configuration designed for flexible use. The total building size is 4,682 square feet, with the option to divide it down to 2,341 square feet, allowing one side to be occupied while the other can be leased out.
Located at 1418–1424 N. Slide Rd. in Lubbock, Texas, the property sits within the NorthWest Passage development, a 1,300-acre project combining residential and commercial uses. The development includes plans for more than 700 single-family residential lots in upcoming phases and also contemplates multiple mixed-use commercial tracts, supporting an active, evolving live-work environment around the site.
Located at 1418–1424 N. Slide Rd. in Lubbock, Texas, the property sits within the NorthWest Passage development, a 1,300-acre project combining residential and commercial uses. The development includes plans for more than 700 single-family residential lots in upcoming phases and also contemplates multiple mixed-use commercial tracts, supporting an active, evolving live-work environment around the site.
Key Highlights
- Brand‑new office building with 4,682 SF total space, with flexibility to divide into 2,341 SF suites
- Duplex configuration allows an owner to occupy the full building or lease the other side for rental income
- Located within the NorthWest Passage development, a 1,300‑acre mixed residential and commercial community
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 | $98.3k | $21.00 |
| − Vacancy | −$16.7k | −$3.57 |
| EGI | $81.6k | $17.43 |
| − OpEx | −$20.4k | −$4.36 |
| NOI | $61.2k | $13.07 |
4,682 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$874.4K
$765.1K – $1.02M
NOI $61,205 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,624 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
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Frequently Asked Questions
What type of property is this?
Office units - New duplex office building offers flexibility to occupy or split for separate suites.
Where is this office units 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 $1,334,370.
What are key features of this property?
This property features: Brand‑new office building with 4,682 SF total space, with flexibility to divide into 2,341 SF suites; Duplex configuration allows an owner to occupy the full building or lease the other side for rental income; Located within the NorthWest Passage development, a 1,300‑acre mixed residential and commercial community
