Office Building for
For Sale
Contact for pricing
5004 122ND ST, Lubbock, TX 79424
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 Market181
Property Features for 5004 122ND ST
General Information
Standard status
Active
Size
5,556 SF
Property subtype
Office
Building Details
Year Built
2019
Units
1
Listing Agency:
Coldwell Banker Commercial Capital Advisors
Listed By:
Alex Eberhardt · License #TX
(806) 784-3258
Source:
Crexi
Added: May 6
Changed: Sep 2
Last Checked: Nov 1 at 2:12AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$72,631
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,452,620
$1.5M
Cap Rate 7%
$1,037,586
$1.0M
Cap Rate 9%
$807,011
$807.0K
Market Conditions
NOI Build-Up for 5,556 SF
Gross rent
$116.7K $21.00/SF
− Vacancy
−$19.8K −$3.57/SF
EGI
$96.8K $17.43/SF
− OpEx
−$24.2K −$4.36/SF
NOI
$72.6K $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%
$1,452,620
Cap Rate 7%
$1,037,586
Cap Rate 9%
$807,011
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
254
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
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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?
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
