Move-In-Ready Office
4302 22nd Pl Lubbock, TX 79410
4302 22nd Pl, Lubbock, TX, 79410
Contact for pricing
For Sale
Contact for pricing
Fully updated office building includes two separate front entry doors and flexible two-unit configuration.
Property Size1,628 SF
Price / SF$168.92
Days on Market23
Property Features for 4302 22nd Pl
General Information
- Standard status
- Active
- Size
- 1,628 SF
- Property subtype
- OFFICE
Listing agency
Coldwell Banker Commercial Capital Advisors
(806) 577-3032
Listed by
Alex Eberhardt
(806) 577-3032
Source
Moodyscre
Added: Jun 30 Updated: Jul 21 at 7:19PM Checked: Jul 21 at 7:19PM
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.
4302 22nd Place is a move-in-ready office building offering a flexible two-unit setup. The property includes two separate front entry doors, supporting separate access for two units within the building.
The building was fully remodeled in 2021, and it received a brand-new roof and an HVAC system added in 2025. At approximately 1,628 square feet, the improvements position the property for an owner-occupant or an investor looking for tenant flexibility.
For sale in Lubbock’s medical district, the site is described as an auto-urban commercial location with the building’s configuration aimed at accommodating more than one tenancy.
The building was fully remodeled in 2021, and it received a brand-new roof and an HVAC system added in 2025. At approximately 1,628 square feet, the improvements position the property for an owner-occupant or an investor looking for tenant flexibility.
For sale in Lubbock’s medical district, the site is described as an auto-urban commercial location with the building’s configuration aimed at accommodating more than one tenancy.
Key Highlights
- 1,628 SF office building in Lubbock’s Medical District
- Complete remodel in 2021, plus new roof and HVAC system added in 2025
- Two separate front entry doors support a flexible two‑unit configuration
Local 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 | $34.2k | $21.00 |
| − Vacancy | −$5.8k | −$3.57 |
| EGI | $28.4k | $17.43 |
| − OpEx | −$7.1k | −$4.36 |
| NOI | $21.3k | $13.07 |
1,628 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$304.0K
$266.0K – $354.7K
NOI $21,282 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$410.4K
$359.1K – $478.8K
NOI $28,730 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Radiation Management Services
Medical Clinic
Neumann Thomas R ...
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Fully updated office building includes two separate front entry doors and flexible two-unit configuration.
Where is this office building located?
The property is located at 4302 22nd Pl Lubbock, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,628 SF office building in Lubbock’s Medical District; Complete remodel in 2021, plus new roof and HVAC system added in 2025; Two separate front entry doors support a flexible two‑unit configuration
