4006 W LOOP 289 Lubbock, TX 79407
4006 W LOOP 289, Lubbock, TX, 79407
Contact for pricing
For Sale
Contact for pricing
Flex space
Property Size51,245 SF
Price / SF$156.11
Days on Market22
Property Features for 4006 W LOOP 289
General Information
- Standard status
- Active
- Size
- 51,245 SF
- Property subtype
- Office
Building Details
- Year Built
- 2007
Listing agency
Coldwell Banker Commercial Capital Advisors
(806) 784-3216
Listed by
Jef Conn · License #TX
Source
Crexi
Added: Jun 30 Updated: Jul 20 at 4:48PM Checked: Jul 20 at 4:48PM
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.
Key Highlights
- Built in 2007 office/flex facility with a corporate headquarters‑style layout.
- Includes executive offices, open work areas, and meeting/training rooms.
- Employee amenities included as part of the office component.
Local Financial Insights For Warehouse
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 | $891.7k | $17.40 |
| − Vacancy | −$66.9k | −$1.31 |
| EGI | $824.8k | $16.10 |
| − OpEx | −$123.7k | −$2.41 |
| NOI | $701.1k | $13.68 |
51,245 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$10.02M
$8.76M – $11.68M
NOI $701,070 @ 7.0% cap · market cap 8.76%
Second Best
Industrial
$8.25M
$7.22M – $9.62M
NOI $577,352 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$12.92M
$11.30M – $15.07M
NOI $904,331 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Vexus
Corporate Office
Similar For Sale Nearby
FAQs
Where is this flex space located?
The property is located at 4006 W LOOP 289 Lubbock, TX.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Built in 2007 office/flex facility with a corporate headquarters‑style layout.; Includes executive offices, open work areas, and meeting/training rooms.; Employee amenities included as part of the office component.
