Office Space Available For
For Sale
Contact for pricing
4415 71st Street, Lubbock, TX
Office space for lease, approximately 1,821 square feet.
Property Size1,821 SF
Lot Size623.86 Acres
Price / SF$270.67
Days on Market896
Property Features for 4415 71st Street
General Information
Standard status
Active
Size
1,821 SF
Lot size
623.86 Acres
Property subtype
OFFICE
Properties For Sale
at 4415 71st Street
Office Space for Lease
AVAILABLE
Size
1,821 SF
Type
OFFICE
Lease Type
OTHER
Property Type: Office Use
Lease Rate: $12.50/PSF
Total Sq. Footage: 1,821 SF +/-
Year of Construction: 1984
Tenant Expenses: Electric and Gas
Contact us
Listing Agency:
Bill Young Real Estate
Listed By:
William Young
(806) 470-8318
Source:
Moodyscre
Added: May 1, 2024
Changed: Sep 12
Last Checked: Oct 12 at 10:31PM
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 Bill Young Real Estate
Investment Insights
Based on property information with market context.
This office space, constructed in 1984, is available for lease. The property offers approximately 1,821 square feet of space. The lease rate is $12.50 per square foot. Tenant expenses include electric and gas.
Key Highlights
- Office use property type
- Lease rate: $12.50/PSF
- Total sq. footage: 1,821 SF +/-
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,805
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,100
$476.1K
Cap Rate 7%
$340,071
$340.1K
Cap Rate 9%
$264,500
$264.5K
Market Conditions
NOI Build-Up for 1,821 SF
Gross rent
$38.2K $21.00/SF
− Vacancy
−$6.5K −$3.57/SF
EGI
$31.7K $17.43/SF
− OpEx
−$7.9K −$4.36/SF
NOI
$23.8K $13.07/SF
Area
Lubbock, TX
Vacancy
17.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,100
Cap Rate 7%
$340,071
Cap Rate 9%
$264,500
Alternative Uses
Best Use
Office B
$340.1K
$297.6K – $396.8K
NOI $23,805 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$459.1K
$401.7K – $535.6K
NOI $32,136 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,121
Businesses Nearby
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Business Placement
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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?
Office units - Office space for lease, approximately 1,821 square feet.
Where is this office units located?
The property is located at 4415 71st Street Lubbock, TX.
What is the asking price?
The asking price for this property is $492,885.
What are key features of this property?
This property features: Office use property type; Lease rate: $12.50/PSF; Total sq. footage: 1,821 SF +/-
