Office-Flex Facility with Dock-High
For Sale
Contact for pricing
4006 W Loop 289, Lubbock, TX 79407
Large office-flex headquarters with dock-high loading, extensive office areas, and immediate access to Loop 289.
Property Size51,245 SF
Price / SF$156.11
Days on Market100
Property Features for 4006 W Loop 289
General Information
Standard status
Active
Size
51,245 SF
Property subtype
OFFICE
Listing Agency:
Coldwell Banker Commercial Capital Advisors
(806) 793-0888
Listed By:
Jef Conn CCIM SIOR
(806) 787-4779
Source:
Moodyscre
Added: Jun 30
Changed: Sep 6
Last Checked: Oct 7 at 1:28PM
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 office-flex facility is designed for a large-format corporate headquarters user, combining office space with warehouse and loading functionality. The interior includes executive office areas, open work areas, and meeting or training rooms, along with employee amenities to support day-to-day operations. Dock-high loading supports warehouse workflows, while the building’s parking capacity provides convenient on-site operations.
The property is located in West Lubbock with immediate access to Loop 289 and Marsha Sharp Freeway, placing it near major retailers and regional employment drivers. It is also described as having flexible conversion potential, offering an option to adapt the layout to changing operational needs.
Overall, this is a substantial 51,245-square-foot office-flex building built for corporate office and loading use, with a configuration that can support a range of office-driven logistics and distribution-adjacent operations.
The property is located in West Lubbock with immediate access to Loop 289 and Marsha Sharp Freeway, placing it near major retailers and regional employment drivers. It is also described as having flexible conversion potential, offering an option to adapt the layout to changing operational needs.
Overall, this is a substantial 51,245-square-foot office-flex building built for corporate office and loading use, with a configuration that can support a range of office-driven logistics and distribution-adjacent operations.
Key Highlights
- 51,245‑square‑foot office‑flex headquarters building
- Dock‑high loading for warehouse and loading operations
- Executive offices, open work areas, and meeting/training rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$701,070
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,021,400
$14.0M
Cap Rate 7%
$10,015,286
$10.0M
Cap Rate 9%
$7,789,667
$7.8M
Market Conditions
NOI Build-Up for 51,245 SF
Gross rent
$891.7K $17.40/SF
− Vacancy
−$66.9K −$1.31/SF
EGI
$824.8K $16.10/SF
− OpEx
−$123.7K −$2.41/SF
NOI
$701.1K $13.68/SF
Area
Lubbock, TX
Vacancy
7.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,021,400
Cap Rate 7%
$10,015,286
Cap Rate 9%
$7,789,667
Alternative Uses
Best Use
Warehouse
$10.02M
$8.76M – $11.68M
NOI $701,070 @ 7.0% cap · market cap 8.76%
Second Best
Office B
$9.57M
$8.37M – $11.17M
NOI $669,900 @ 7.0% cap · market cap 8.37%
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 authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79407, TX
23,208
Population
11,817
Households
2
Avg Household Size
32
Median Age
41%
College-Educated
92%
High-School Grad
75.9 sq mi
ZIP Area
306
Density / Sq Mi
$64,778
Median Household Income
$38,212
Median Earnings
$1,131
Median Rent
$200,700
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?
Flex space - Large office-flex headquarters with dock-high loading, extensive office areas, and immediate access to Loop 289.
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: 51,245‑square‑foot office‑flex headquarters building; Dock‑high loading for warehouse and loading operations; Executive offices, open work areas, and meeting/training rooms
