4002 22nd St, Lubbock, TX 79410
Located in the heart of the medical district.
- Added:
- Apr 8, 2024
- Days on Market:
- 805
- Last Refresh:
- May 13 at 8:22 pm
Property Features for 4002 22nd St
General Information
- Standard status
- Active
- Size
- 2,587 SF
- Property subtype
- Office
Building Details
- Year Built
- 1972
Listing agent Kelsey Zickefoose License #TX 0724914
Listing office WestMark Commercial (806) 777-8114
Listing date Apr 8, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of WestMark Commercial
HighLights
- Prime location in the heart of the medical district.
- Unparalleled visibility.
- Accessibility for patients and practitioners.
- Functional layout.
- Designed for practicality and workflow optimization.
- Enables seamless operations for medical professionals.
Overview
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 | $63.6k | $24.60 |
| − Vacancy | −$5.7k | −$2.21 |
| EGI | $57.9k | $22.39 |
| − OpEx | −$23.2k | −$8.95 |
| NOI | $34.7k | $13.43 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- P.E.T.S. Clinic of Lubbock — 2207 34th St, Lubbock, TX 79411
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.898836
- Latitude
- 33.575322