Fenced Flex Space with
For Sale
Contact for pricing
4303 N Fm 2528, Lubbock, TX 79416
Office and warehouse areas include dedicated climate control, controlled access, and on-site covered parking.
Property Size6,000 SF
Price / SF$137.50
Days on Market374
Property Features for 4303 N Fm 2528
General Information
Standard status
Active
Size
6,000 SF
Class
Class A
Total Parking Spaces
4
Property subtype
INDUSTRIAL
Additional Details
Furnished
No
Fenced Yard
Yes
Amenities
reception area
six private offices
conference room
kitchen
file room
copy room
three bathrooms
14' ceilings in lobby
two HVAC units
security alarm system
security cameras
phone system
fiber optic internet
Building Details
Buildings
1
Construction
metal, steel, rock
Listing Agency:
The Powell Group
Listed By:
David Powell, CCIM · License #0257988
(806) 239-0804
Source:
Moodyscre
Added: Oct 9, 2025
Changed: Oct 15
Last Checked: Oct 16 at 10:13AM
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 The Powell Group
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Investment Insights
Based on property information with market context.
This 6,000-square-foot flex property combines finished office space with a functional warehouse area. The office layout includes a reception area, six private offices, a conference room, kitchen, file room, copy room, and three bathrooms. The lobby features 14-foot ceilings, while two HVAC units provide climate control for the building. The warehouse is heated by gas and has two remote-operated overhead doors.
The site is enclosed by fencing and accessed through a 16-foot remote-controlled gate with an automatic exit sensor. Four covered parking spaces are provided, and the driveway and fenced area have 6-inch reinforced concrete. Additional property systems include well water, a water softener and reverse osmosis system, septic service, fiber optic internet, and a Vexus phone system. Security features include an alarm system and installed cameras. The landscaped front lawn is maintained with an in-ground sprinkler system.
The site is enclosed by fencing and accessed through a 16-foot remote-controlled gate with an automatic exit sensor. Four covered parking spaces are provided, and the driveway and fenced area have 6-inch reinforced concrete. Additional property systems include well water, a water softener and reverse osmosis system, septic service, fiber optic internet, and a Vexus phone system. Security features include an alarm system and installed cameras. The landscaped front lawn is maintained with an in-ground sprinkler system.
Key Highlights
- 6,000‑square‑foot flex building with office and warehouse areas
- Office layout includes six private offices, conference room, kitchen, file room, copy room, and three bathrooms
- Warehouse features gas heat and two remote‑operated overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,599
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,351,980
$1.4M
Cap Rate 7%
$965,700
$965.7K
Cap Rate 9%
$751,100
$751.1K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$104.4K $17.40/SF
− Vacancy
−$7.8K −$1.31/SF
EGI
$96.6K $16.10/SF
− OpEx
−$29.0K −$4.83/SF
NOI
$67.6K $11.27/SF
Area
Lubbock, TX
Vacancy
7.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,351,980
Cap Rate 7%
$965,700
Cap Rate 9%
$751,100
Alternative Uses
Best Use
Warehouse
$1.17M
$1.03M – $1.37M
NOI $82,084 @ 7.0% cap · market cap 9.95%
Second Best
Office B
$1.12M
$980.4K – $1.31M
NOI $78,435 @ 7.0% cap · market cap 9.51%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,883 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79416, TX
36,251
Population
16,094
Households
2.3
Avg Household Size
30
Median Age
39%
College-Educated
93%
High-School Grad
32.1 sq mi
ZIP Area
1,129
Density / Sq Mi
$65,200
Median Household Income
$34,258
Median Earnings
$1,269
Median Rent
$196,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas include dedicated climate control, controlled access, and on-site covered parking.
Where is this flex space located?
The property is located at 4303 N Fm 2528 Lubbock, TX.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 6,000‑square‑foot flex building with office and warehouse areas; Office layout includes six private offices, conference room, kitchen, file room, copy room, and three bathrooms; Warehouse features gas heat and two remote‑operated overhead doors
