Freestanding Bank/Office Building in
1502 Ave J, Lubbock, TX 79401
For Sale
$650,000
Freestanding bank/office building in Downtown Lubbock for sale.
Property Size2,446 SF
Days on Market253
Property Features for 1502 Ave J
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Commercial Capital Advisors
Listed By:
Alex Eberhardt
(806) 793-0888
Source:
Cbcworldwide
Added: Mar 5
Changed: Aug 8
Last Checked: Apr 8 at 10:54AM
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
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Investment Insights
Based on property information with market context.
The property at 1502 Ave J presents a rare opportunity to acquire a freestanding bank/office building situated in the heart of Downtown Lubbock. This institutional-quality building offers a highly functional space suitable for either an owner-user or an investor looking for a financial-services facility. Lubbock is recognized as one of West Texas’ fastest-growing regional hubs, supported by a diverse and resilient economy. The economy is anchored by healthcare, education, agriculture, government, and expanding private-sector investment. As home to Texas Tech University, the city benefits from a steady pipeline of talent, research growth, and a consistent base of employment. This drives long-term demand for housing, retail, and professional services.
Key Highlights
- Freestanding bank/office building in Downtown Lubbock.
- Institutional‑quality footprint suitable for owner‑user or investor.
- Ideal for office/financial‑services facility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,975
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,500
$639.5K
Cap Rate 7%
$456,786
$456.8K
Cap Rate 9%
$355,278
$355.3K
Market Conditions
NOI Build-Up for 2,446 SF
Gross rent
$51.4K $21.00/SF
− Vacancy
−$8.7K −$3.57/SF
EGI
$42.6K $17.43/SF
− OpEx
−$10.7K −$4.36/SF
NOI
$32.0K $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%
$639,500
Cap Rate 7%
$456,786
Cap Rate 9%
$355,278
Alternative Uses
Best Use
Office B
$456.8K
$399.7K – $532.9K
NOI $31,975 @ 7.0% cap · market cap 4.92%
Second Best
Specialty Retail
$394.8K
$345.5K – $460.7K
NOI $27,639 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$616.6K
$539.6K – $719.4K
NOI $43,165 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,851
Businesses Nearby
Explore this area
Business Placement
Demographics for 79401, TX
8,775
Population
4,813
Households
1.8
Avg Household Size
26
Median Age
26%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
3,510
Density / Sq Mi
$27,255
Median Household Income
$20,570
Median Earnings
$1,048
Median Rent
$101,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Bank - Freestanding bank/office building in Downtown Lubbock for sale.
Where is this bank located?
The property is located at 1502 Ave J Lubbock, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Freestanding bank/office building in Downtown Lubbock.; Institutional‑quality footprint suitable for owner‑user or investor.; Ideal for office/financial‑services facility.
