Class A Office Building with
5241 98th Street Lubbock, TX 79424
New
5241 98th Street, Lubbock, TX, 79424
$3,900,000
For Sale
$3,900,000
COMMERCIAL - Lubbock, TX
Property Size30,872 SF
Lot Size1.95 Acres
Price / SF$126.33
Days on Market1
Property Features for 5241 98th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking
- 78
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- R325807
- Size
- 30,872 SF
- Lot size
- 1.95 Acres
Taxes and HOA fees
- Tax Description
- S & T Ins Tr A
- Tax Annual Amount
- 69320
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 2016
- Floors in Building
- 1
Listing agency
Kim & Company, REALTORS
(806) 790-7142
Listed by
Kim Flenniken · License #0448062
(806) 790-7142
Added: Jul 22 Checked: Jul 22 at 4:06PM
MLS# 202610137
Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Completed in 2016, this purpose-built Class A office building is 15,436 square feet and currently fully leased through December 2030 under a favorable modified gross lease structure. The headquarters-style layout includes more than twenty private offices, four executive offices, a dramatic reception lobby, an executive conference room, a large training facility, open collaborative workspace, and kitchen and break areas. An enclosed courtyard and a separately accessed office suite also support flexible day-to-day use.
In addition to the main leased space, there is a separately leased 1,343-square-foot office suite providing added revenue and future flexibility. The property is positioned at 5241 98th Street in Southwest Lubbock, with traffic counts of approximately 13,000–16,000 vehicles per day on 98th Street and more than 41,000 vehicles per day near the Milwaukee Avenue corridor.
Built as a corporate headquarters and meticulously maintained, the property presents as an efficient, well-designed office facility for long-term occupancy or continued investment performance.
In addition to the main leased space, there is a separately leased 1,343-square-foot office suite providing added revenue and future flexibility. The property is positioned at 5241 98th Street in Southwest Lubbock, with traffic counts of approximately 13,000–16,000 vehicles per day on 98th Street and more than 41,000 vehicles per day near the Milwaukee Avenue corridor.
Built as a corporate headquarters and meticulously maintained, the property presents as an efficient, well-designed office facility for long-term occupancy or continued investment performance.
Key Highlights
- 15,436 SF Class A executive office building built in 2016
- Fully leased through December 2030 to a professional services tenant under a modified gross lease structure
- Separately leased 1,343 SF office suite provides additional income
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Texas Medical Group
Medical Clinic
Hangar Insurance
Insurance Agency
Sanford & Tatum, an Alera ...
Insurance Agency
Roy Neal, an Alera ...
Insurance Agency
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FAQs
What type of property is this?
Office building - Purpose-built office building completed in 2016, fully leased through December 2030 with additional separately accessed suite.
Where is this office building located?
The property is located at 5241 98th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 15,436 SF Class A executive office building built in 2016; Fully leased through December 2030 to a professional services tenant under a modified gross lease structure; Separately leased 1,343 SF office suite provides additional income
