Two-Building Office
For Sale
Contact for pricing
3303 67th St, Lubbock, TX 79413
Two renovated office buildings totaling available space with shared parking, including one 100% occupied asset.
Property Size16,173 SF
Lot Size1.90 Acres
Price / SF$148.40
Days on Market242
Property Features for 3303 67th St
General Information
Standard status
Active
Size
16,173 SF
Lot size
1.90 Acres
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Building Details
Year Renovated
2016
Listing Agency:
McDougal, REALTORS
(806) 215-7023
Listed By:
Carrigan Williams · License #773761
(806) 215-7023
Source:
Moodyscre
Added: Dec 1, 2025
Changed: Jul 28
Last Checked: Jul 28 at 2:54PM
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.
Two well-maintained office buildings provide a combined office investment with shared parking. 3303 67th St includes 7,199 SF and is 100% occupied. 3309 67th St includes 8,974 SF and is currently 54% occupied, offering immediate lease-up opportunity. Both buildings were renovated in 2016 with updated flooring and paint, supporting a clean, modern office environment.
The properties are located just off South Loop 289 and Indiana Ave, within a primary commercial corridor. A shared parking lot serves tenants and visitors across both buildings.
This offering is designed for investors seeking a stabilized asset with additional value-add potential through increasing occupancy.
The properties are located just off South Loop 289 and Indiana Ave, within a primary commercial corridor. A shared parking lot serves tenants and visitors across both buildings.
This offering is designed for investors seeking a stabilized asset with additional value-add potential through increasing occupancy.
Key Highlights
- Two renovated office buildings: 3303 67th St (7,199 SF) and 3309 67th St (8,974 SF)
- 3303 67th St is 100% occupied and consists of 7,199 SF on 0.94 AC for stable in‑place income
- 3309 67th St is 54% occupied, with 8,974 SF on 0.96 AC and lease‑up upside
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 | $339.6k | $21.00 |
| − Vacancy | −$57.7k | −$3.57 |
| EGI | $281.9k | $17.43 |
| − OpEx | −$70.5k | −$4.36 |
| NOI | $211.4k | $13.07 |
16,173 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.02M
$2.64M – $3.52M
NOI $211,422 @ 7.0% cap · market cap 8.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.08M
$3.57M – $4.76M
NOI $285,408 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
789
Businesses Nearby
Explore this area
Business Placement
Demographics for 79413, TX
20,962
Population
9,590
Households
2.2
Avg Household Size
35
Median Age
35%
College-Educated
91%
High-School Grad
4.7 sq mi
ZIP Area
4,460
Density / Sq Mi
$67,062
Median Household Income
$38,004
Median Earnings
$1,325
Median Rent
$195,900
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 building - Two renovated office buildings totaling available space with shared parking, including one 100% occupied asset.
Where is this office building located?
The property is located at 3303 67th St Lubbock, TX.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Two renovated office buildings: 3303 67th St (7,199 SF) and 3309 67th St (8,974 SF); 3303 67th St is 100% occupied and consists of 7,199 SF on 0.94 AC for stable in‑place income; 3309 67th St is 54% occupied, with 8,974 SF on 0.96 AC and lease‑up upside
