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4006 W LOOP 289, Lubbock, TX 79407
Flex space
Property Size51,245 SF
Price / SF$156.11
Days on Market32
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
Changed: Jul 20
Last Checked: Jul 30 at 3:17PM
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.
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
383
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
