Lubbock Office Duplex For Sale

3402 110th St, Lubbock, TX 79423

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For Sale

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Well-designed office duplex, ideal for owner-user or investment.

Type:Office

Property size:

4,097 SF

Lot size:

0.45 Acres

Price / SF:

$243/SF

HighLights

Prime opportunity for owner‑user or investor, occupy one suite and lease the other for income.
Building offers 4,097 SF built in 2013 on a 19,430 SF lot.
South suite with 2,259 SF available for lease, featuring 6 private offices, reception, break room, and shared patio.
North suite is leased and income‑producing, featuring 5 private offices, 2 executive offices/conference rooms, and a kitchenette.
Benefit from on‑site well and septic system providing utility savings.
Property includes generous parking and a secure locking mailbox.

We can help!

Listing Contact

Hacee Hughes

For Sale

Contact for pricing

Well-designed office duplex, ideal for owner-user or investment.

Type:Office

Property size:

4,097 SF

Lot size:

0.45 Acres

Price / SF:

$243/SF

Added:: Mar 6, 2024
Days on Market:: 836
Last Refresh:: May 12 at 10:48 pm

Property Features for 3402 110th St

General Information

Standard status: Active
Size: 4,097 SF
Lot size: 0.45 Acres
Property subtype: Office

Building Details

Year Built: 2013

We can help!

Listing Contact

Hacee Hughes

Listing agent Hacee Hughes License #0643931

Listing office eXp Realty

Listing date Mar 6, 2024

Source Crexi

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 eXp Realty

HighLights

Prime opportunity for owner‑user or investor, occupy one suite and lease the other for income.
Building offers 4,097 SF built in 2013 on a 19,430 SF lot.
South suite with 2,259 SF available for lease, featuring 6 private offices, reception, break room, and shared patio.
North suite is leased and income‑producing, featuring 5 private offices, 2 executive offices/conference rooms, and a kitchenette.
Benefit from on‑site well and septic system providing utility savings.
Property includes generous parking and a secure locking mailbox.

Overview

This well-designed office duplex presents a prime opportunity for owner-occupants, investors, or a combination of both. Built in 2013, the property offers immediate income and future flexibility. The total building size is 4,097 square feet on a 19,430 square foot lot. The south suite, comprising 2,259 square feet, is currently available for lease and is ideal for an owner-user or new tenant. It features an inviting reception area, a dedicated file/copy room, six private offices, a spacious break room, two ADA-compliant restrooms, and access to a shared outdoor patio. Two HVAC units ensure comfort and efficiency. The north suite, currently leased, provides an income-producing opportunity with 1,838 square feet. It includes a reception area, five private offices, two large executive offices suitable as conference rooms, a kitchenette, and one ADA-compliant restroom. The property benefits from on-site well and septic, offering utility savings. Generous front and rear parking is available, along with attic storage with blown insulation and a secure locking mailbox.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$86.0k	$21.00
− Vacancy	−$14.6k	−$3.57
EGI	$71.4k	$17.43
− OpEx	−$17.9k	−$4.36
NOI	$53.6k	$13.07

4,097 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$765.1K

$669.5K – $892.6K (±1% cap)

NOI $53,558 @ 7.0% cap · market cap 5.36%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.03M

$903.8K – $1.21M (±1% cap)

NOI $72,301 @ 7.0% cap · market cap 7.23%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Tim Futrell Loan Service Hometrust Mortgage Company Loan Service Gerald W. Hudson ... Accounting Firm Becky Hudson Financial ... Tax Preparation

Suggested Use

Location Insight

Map
Local Demand

City: Lubbock
County: Lubbock
State: Texas
Longitude: -101.8879782
Latitude: 33.4946566

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For sale
Office buildings
TX
Lubbock
79423
3402 110th St

What type of property is this?

Office building - Well-designed office duplex, ideal for owner-user or investment.

Where is this office building located?

The property is located at 3402 110th St Lubbock, TX.

What is the asking price?

The asking price for this property is $999,500.

What are key features of this property?

This property features: Prime opportunity for owner‑user or investor, occupy one suite and lease the other for income.; Building offers 4,097 SF built in 2013 on a 19,430 SF lot.; South suite with 2,259 SF available for lease, featuring 6 private offices, reception, break room, and shared patio.