Office Building with Reception
For Sale
Contact for pricing
2523 86th St, Lubbock, TX 79423
Modern office layout with high ceilings, a reception area, seven private offices, and a conference room.
Property Size2,062 SF
Price / SF$290.98
Days on Market490
Property Features for 2523 86th St
General Information
Standard status
Active
Size
2,062 SF
Property subtype
OFFICE
Building Details
Year Built
2018
Listing Agency:
McDougal, REALTORS
(806) 793-0703
Listed By:
Carrigan Williams · License #773761
(806) 215-7023
Source:
Moodyscre
Added: Jul 1, 2025
Changed: Oct 25
Last Checked: Nov 1 at 9:23AM
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 McDougal, REALTORS
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Investment Insights
Based on property information with market context.
Modern office space at 2523 86th St offers a functional layout designed for day-to-day business operations. Built in 2018, the space features high ceilings and includes seven private offices, a conference room, a welcoming reception area, two restrooms, and a breakroom/kitchen.
The property is located in a growing part of Lubbock, TX, supporting a professional work environment for businesses seeking an office in an expanding area. The interior configuration balances private workspaces with shared meeting and common-area use, making it suitable for teams that need room for client or team discussions alongside office space.
With 2,062 SF, this office building provides a compact, organized footprint for a range of professional uses, supported by the on-site restrooms and dedicated reception and breakroom spaces.
The property is located in a growing part of Lubbock, TX, supporting a professional work environment for businesses seeking an office in an expanding area. The interior configuration balances private workspaces with shared meeting and common-area use, making it suitable for teams that need room for client or team discussions alongside office space.
With 2,062 SF, this office building provides a compact, organized footprint for a range of professional uses, supported by the on-site restrooms and dedicated reception and breakroom spaces.
Key Highlights
- Built in 2018 with high ceilings
- 2,062 SF office building at 2523 86th St
- Seven private offices for focused workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,955
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,100
$539.1K
Cap Rate 7%
$385,071
$385.1K
Cap Rate 9%
$299,500
$299.5K
Market Conditions
NOI Build-Up for 2,062 SF
Gross rent
$43.3K $21.00/SF
− Vacancy
−$7.4K −$3.57/SF
EGI
$35.9K $17.43/SF
− OpEx
−$9.0K −$4.36/SF
NOI
$27.0K $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%
$539,100
Cap Rate 7%
$385,071
Cap Rate 9%
$299,500
Alternative Uses
Best Use
Office B
$385.1K
$336.9K – $449.3K
NOI $26,955 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$519.8K
$454.9K – $606.5K
NOI $36,389 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Modern office layout with high ceilings, a reception area, seven private offices, and a conference room.
Where is this office building located?
The property is located at 2523 86th St Lubbock, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Built in 2018 with high ceilings; 2,062 SF office building at 2523 86th St; Seven private offices for focused workspace
