Class A Office
For Sale
Contact for pricing
3823 84th St, Lubbock, TX 79423
Class A office building with large private offices and a professional reception area.
Property Size4,764 SF
Lot Size0.41 Acres
Price / SF$199.41
Days on Market226
Property Features for 3823 84th St
General Information
Standard status
Active
Size
4,764 SF
Class
A
Lot size
0.41 Acres
Property subtype
OFFICE
Listing Agency:
Westar Commercial Realty
(806) 797-3231
Listed By:
Kevin Watt · License #461347
(806) 797-3231
Source:
Moodyscre
Added: Dec 19, 2025
Changed: Jul 27
Last Checked: Aug 1 at 8:45AM
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 Westar Commercial Realty
Investment Insights
Based on property information with market context.
This Class “A” office building offers a professional layout with large private offices featuring built-in cabinetry and a designated reception area. The improvements are geared toward an office use, providing distinct workspace for teams and client-facing reception.
The property is located in the heart of Lubbock’s business and retail district near 82nd Street and Quaker Avenue. It sits directly across from Henry Huneke Park, offering park views and visibility for office tenants or users.
With approximately 4,764 square feet of building space on an 18,000-square-foot tract, the offering presents a straightforward option for an owner-user or an investor seeking an office asset with strong presentation and accessibility.
The property is located in the heart of Lubbock’s business and retail district near 82nd Street and Quaker Avenue. It sits directly across from Henry Huneke Park, offering park views and visibility for office tenants or users.
With approximately 4,764 square feet of building space on an 18,000-square-foot tract, the offering presents a straightforward option for an owner-user or an investor seeking an office asset with strong presentation and accessibility.
Key Highlights
- Class A office space in Lubbock’s business and retail district
- 4,764 +/- SF building size on an 18,000 +/- SF tract
- Large private offices with built‑in cabinetry
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 | $100.0k | $21.00 |
| − Vacancy | −$17.0k | −$3.57 |
| EGI | $83.0k | $17.43 |
| − OpEx | −$20.8k | −$4.36 |
| NOI | $62.3k | $13.07 |
4,764 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$889.7K
$778.5K – $1.04M
NOI $62,277 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,071 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
371
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
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 - Class A office building with large private offices and a professional reception area.
Where is this office building located?
The property is located at 3823 84th St Lubbock, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Class A office space in Lubbock’s business and retail district; 4,764 +/- SF building size on an 18,000 +/- SF tract; Large private offices with built‑in cabinetry
