Lubbock Office Building for
For Sale
$2,595,000
3805 146th St, Lubbock, TX 79423
High-end, meticulously designed 7,761 sq ft office building on 1-acre lot.
Property Size6,742 SF
Lot Size1.00 Acre
Price / SF$334.36
Days on Market196
Property Features for 3805 146th St
General Information
Standard status
Active
Size
6,742 SF
Lot size
1.00 Acre
Property subtype
Office
Building Details
Building Size
6,742 SF
Year Built
2023
Listing Agency:
Coldwell Banker Commercial Capital Advisors
Listed By:
Jef Conn
(806) 784-3216
Source:
Commercialcafe
Added: Mar 27
Changed: Oct 7
Last Checked: Oct 7 at 9:25AM
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 Coldwell Banker Commercial Capital Advisors
Investment Insights
Based on property information with market context.
This 7,761 sq ft office building in Lubbock presents a rare opportunity for purchase. The property, designed by HOME by Lyons, features elevated finishes, wall coverings, and a functional layout. The office includes multiple conference rooms, private offices, and clusters of private workspaces, accommodating over 25 employees in its current configuration. Situated on a 1-acre lot, the property offers the potential to add approximately 4,000 sq ft of additional office space at the back, suitable for expansion or leasing for additional income. The current owner is relocating to a new office. The property is intended for use as an office building.
Key Highlights
- Meticulously designed 7,761 sq ft office space with elevated finishes and custom home‑like amenities.
- Large 1‑acre lot with potential to add approximately 4,000 sq ft of additional office space or lease it out for extra income.
- Functional layout with multiple conference rooms, private offices, and clustered workspaces to accommodate 25+ employees.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,456
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,029,120
$2.0M
Cap Rate 7%
$1,449,371
$1.4M
Cap Rate 9%
$1,127,289
$1.1M
Market Conditions
NOI Build-Up for 7,761 SF
Gross rent
$163.0K $21.00/SF
− Vacancy
−$27.7K −$3.57/SF
EGI
$135.3K $17.43/SF
− OpEx
−$33.8K −$4.36/SF
NOI
$101.5K $13.07/SF
Area
Lubbock, TX
Vacancy
17.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,029,120
Cap Rate 7%
$1,449,371
Cap Rate 9%
$1,127,289
Alternative Uses
Best Use
Office B
$1.45M
$1.27M – $1.69M
NOI $101,456 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $136,960 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
33
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - High-end, meticulously designed 7,761 sq ft office building on 1-acre lot.
Where is this office building located?
The property is located at 3805 146th St Lubbock, TX.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Meticulously designed 7,761 sq ft office space with elevated finishes and custom home‑like amenities.; Large 1‑acre lot with potential to add approximately 4,000 sq ft of additional office space or lease it out for extra income.; Functional layout with multiple conference rooms, private offices, and clustered workspaces to accommodate 25+ employees.
