Garden Office
For Sale
Contact for pricing
4525 114th St, Lubbock, TX 79424
Newly built in 2023, this office building features a lobby, large conference room, and glass-walled offices.
Property Size3,921 SF
Price / SF$306.04
Days on Market385
Property Features for 4525 114th St
General Information
Standard status
Active
Size
3,921 SF
Property subtype
OFFICE
Listing Agency:
Keller Williams Commercial Lubbock
(806) 928-3233
Listed By:
Jennifer Colley · License #0652515
(806) 928-3233
Source:
Moodyscre
Added: Jul 14, 2025
Changed: Jul 25
Last Checked: Aug 1 at 5:04AM
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 Keller Williams Commercial Lubbock
Investment Insights
Based on property information with market context.
Built in 2023, this garden office property is designed for a professional work environment with a welcoming lobby that includes a fireplace. The layout also includes a large conference room, multiple glass-walled offices intended to bring in natural light, and a separate hangout room suited for team breaks or informal meetings.
The building is located in South Lubbock just off Quaker Avenue, with nearby access to local businesses and establishments including H-E-B and Parry’s.
Overall, the space is organized around collaborative and private work areas, supported by a distinct common lobby and an additional hangout room for team interaction.
The building is located in South Lubbock just off Quaker Avenue, with nearby access to local businesses and establishments including H-E-B and Parry’s.
Overall, the space is organized around collaborative and private work areas, supported by a distinct common lobby and an additional hangout room for team interaction.
Key Highlights
- Garden office built new in 2023
- Located in South Lubbock just off Quaker Avenue, steps from H‑E‑B and Parry's
- Includes a welcoming lobby with a cozy fireplace
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 | $82.3k | $21.00 |
| − Vacancy | −$14.0k | −$3.57 |
| EGI | $68.3k | $17.43 |
| − OpEx | −$17.1k | −$4.36 |
| NOI | $51.3k | $13.07 |
3,921 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$732.2K
$640.7K – $854.3K
NOI $51,257 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$988.5K
$864.9K – $1.15M
NOI $69,195 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Explore this area
Business Placement
Demographics for 79424, TX
53,479
Population
22,800
Households
2.3
Avg Household Size
38
Median Age
47%
College-Educated
95%
High-School Grad
41.6 sq mi
ZIP Area
1,286
Density / Sq Mi
$94,703
Median Household Income
$52,417
Median Earnings
$1,151
Median Rent
$279,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Newly built in 2023, this office building features a lobby, large conference room, and glass-walled offices.
Where is this office building located?
The property is located at 4525 114th St Lubbock, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Garden office built new in 2023; Located in South Lubbock just off Quaker Avenue, steps from H‑E‑B and Parry's; Includes a welcoming lobby with a cozy fireplace
