Office Building for
5004 122ND ST Lubbock, TX 79424
For Sale
Contact for pricing
Office building offered for sale in Lubbock, TX with 5,556 square feet of space.
Property Size5,556 SF
Price / SF$269.98
Days on Market80
Property Features for 5004 122ND ST
General Information
- Standard status
- Active
- Size
- 5,556 SF
- Property subtype
- Office
Building Details
- Year Built
- 2019
Listing Agency:
Coldwell Banker Commercial Capital Advisors
(806) 784-3216
Listed By:
Alex Eberhardt · License #TX
Source:
Crexi
Added: May 6
Changed: Jul 22
Last Checked: Jul 24 at 8:55AM
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.
This office building is offered for sale with a total size of 5,556 square feet. It is positioned as a commercial office asset within the broader office building and office space market.
The property is located at 5004 122ND ST in Lubbock, Texas. Additional details on the building’s layout, condition, and specific improvements were not provided in the information available.
For brokers and tenants evaluating fit, the listing can be reviewed to confirm current configuration and suitability based on intended use.
The property is located at 5004 122ND ST in Lubbock, Texas. Additional details on the building’s layout, condition, and specific improvements were not provided in the information available.
For brokers and tenants evaluating fit, the listing can be reviewed to confirm current configuration and suitability based on intended use.
Key Highlights
- Office building built in 2019
- 5,556 sq ft of office space
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 | $116.7k | $21.00 |
| − Vacancy | −$19.8k | −$3.57 |
| EGI | $96.8k | $17.43 |
| − OpEx | −$24.2k | −$4.36 |
| NOI | $72.6k | $13.07 |
5,556 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.04M
$907.9K – $1.21M
NOI $72,631 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,048 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
WellMed Practice Support ...
Medical Clinic
Amber M Taff, ...
Pediatrician
Cathi Lynne Eggart, ...
Pediatrician
FAQs
What type of property is this?
Office building - Office building offered for sale in Lubbock, TX with 5,556 square feet of space.
Where is this office building located?
The property is located at 5004 122ND ST Lubbock, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Office building built in 2019; 5,556 sq ft of office space
