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 Market396
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) 215-7023
Listed By:
Carrigan Williams · License #773761
(806) 215-7023
Source:
Moodyscre
Added: Jul 1, 2025
Changed: Jul 30
Last Checked: Jul 30 at 3:14PM
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.
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 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 | $43.3k | $21.00 |
| − Vacancy | −$7.4k | −$3.57 |
| EGI | $35.9k | $17.43 |
| − OpEx | −$9.0k | −$4.36 |
| NOI | $27.0k | $13.07 |
2,062 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
758
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
Questions? Ask Rey
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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
