Medical Office Condo
3713 20th St Lubbock, TX 79410
3713 20th St, Lubbock, TX, 79410
Contact for pricing
For Sale
Contact for pricing
Office condo suite includes reception, three treatment rooms, and one restroom, with rear storage and washer/dryer hookups.
Property Size1,260 SF
Price / SF$154.76
Days on Market94
Property Features for 3713 20th St
General Information
- Standard status
- Active
- Size
- 1,260 SF
- Property subtype
- Office
Listing agency
NAI Wheelhouse
(281) 788-1758
Listed by
Shannon Powell · License #767517
Source
Crexi
Added: Apr 21 Updated: Jul 22 at 6:00PM Checked: Jul 22 at 6:00PM
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 NAI Wheelhouse
Investment Insights
Based on property information with market context.
This office condo suite is available for sale within a three-tenant building in Lubbock’s established medical district. The suite includes a reception area and waiting room, three treatment rooms, a large private office, and one restroom. Additional back-of-suite utility space includes a rear storage room and a utility room with washer/dryer hookups.
The property is located near 19th Street and the Marsha Sharp Freeway, providing access and connectivity to major medical and commercial corridors. It is positioned in the same area that serves nearby Covenant Health System and Texas Tech University.
The layout supports a professional office flow with dedicated patient or client waiting, multiple treatment rooms, and a private office, while keeping utility and storage functions contained to the rear.
The property is located near 19th Street and the Marsha Sharp Freeway, providing access and connectivity to major medical and commercial corridors. It is positioned in the same area that serves nearby Covenant Health System and Texas Tech University.
The layout supports a professional office flow with dedicated patient or client waiting, multiple treatment rooms, and a private office, while keeping utility and storage functions contained to the rear.
Key Highlights
- Office condo suite in a three‑tenant building in Lubbock’s established medical district
- Suite layout includes a reception/waiting area plus three treatment rooms and a large private office
- One restroom in the suite
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 | $31.0k | $24.60 |
| − Vacancy | −$2.8k | −$2.21 |
| EGI | $28.2k | $22.39 |
| − OpEx | −$11.3k | −$8.95 |
| NOI | $16.9k | $13.43 |
1,260 SF · lease $24.60/SF/yr · vacancy 9.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$241.8K
$211.6K – $282.1K
NOI $16,924 @ 7.0% cap · market cap 8.68%
Second Best
Office B
$235.3K
$205.9K – $274.5K
NOI $16,471 @ 7.0% cap · market cap 8.45%
Theoretical Best
Office A
$317.6K
$277.9K – $370.6K
NOI $22,235 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Office condo suite includes reception, three treatment rooms, and one restroom, with rear storage and washer/dryer hookups.
Where is this medical office space located?
The property is located at 3713 20th St Lubbock, TX.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Office condo suite in a three‑tenant building in Lubbock’s established medical district; Suite layout includes a reception/waiting area plus three treatment rooms and a large private office; One restroom in the suite
