Office Building with 13 Private
3214 140th St Lubbock, TX 79423
New
3214 140th St, Lubbock, TX, 79423
$1,150,000
For Sale
$1,150,000
Well-appointed office building includes reception, 13 private offices, large conference room, two restrooms, and kitchenette.
Property Size4,043 SF
Price / SF$284.44
Days on Market2
Property Features for 3214 140th St
General Information
- Standard status
- Active
- Size
- 4,043 SF
Building Details
- Year Built
- 2023
Listing Agency
Reside Real Estate Co.
(214) 287-9631
Listed by
Lauren Egert · License #0776312
Source
Raftercrossrealty
Added: Jul 16 Checked: Jul 17 at 2:17 am
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 Reside Real Estate Co.
Investment Insights
Based on property information with market context.
This well-appointed office building features an efficient, functional layout with 13 private offices, a large conference room, and a welcoming reception area with a front desk. The space also includes two restrooms and a kitchenette, supporting a variety of professional and service-based configurations, including multi-tenant use if desired.
Located at 3214 140th St in Lubbock, the property sits just off 140th & Indiana and is minutes from Loop 88. The surrounding area includes new residential development, Lubbock-Cooper ISD, and key municipal services. Ample parking and convenient access are included, enhancing day-to-day operations for employees and visitors.
Located at 3214 140th St in Lubbock, the property sits just off 140th & Indiana and is minutes from Loop 88. The surrounding area includes new residential development, Lubbock-Cooper ISD, and key municipal services. Ample parking and convenient access are included, enhancing day-to-day operations for employees and visitors.
Key Highlights
- Built in 2023 modern office building with a functional layout and low‑maintenance design
- Includes welcoming reception with front desk, 13 private offices, and a large conference room
- Two restrooms and a kitchenette provide full in‑suite functionality
Local Financial Insights For Healthcare Medical
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 | $99.5k | $24.60 |
| − Vacancy | −$9.0k | −$2.21 |
| EGI | $90.5k | $22.39 |
| − OpEx | −$36.2k | −$8.95 |
| NOI | $54.3k | $13.43 |
4,043 SF · lease $24.60/SF/yr · vacancy 9.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$775.8K
$678.8K – $905.1K
NOI $54,304 @ 7.0% cap · market cap 4.72%
Second Best
Office B
$755.0K
$660.7K – $880.9K
NOI $52,852 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$1.02M
$891.9K – $1.19M
NOI $71,348 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Well-appointed office building includes reception, 13 private offices, large conference room, two restrooms, and kitchenette.
Where is this office building located?
The property is located at 3214 140th St Lubbock, TX.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Built in 2023 modern office building with a functional layout and low‑maintenance design; Includes welcoming reception with front desk, 13 private offices, and a large conference room; Two restrooms and a kitchenette provide full in‑suite functionality
