5424 5424 19th St, Lubbock, TX 79407
Office condo with private entrance, restrooms, and ample parking.
- Added:
- Apr 12, 2018
- Days on Market:
- 3010
- Last Refresh:
- Apr 5 at 8:19 pm
Property Features for 5424 5424 19th St
General Information
- Standard status
- Active
- Size
- 1,724 SF
- Lot size
- 1.64 Acres
- Property subtype
- OFFICE
Listing office WestMark Commercial | TCN Worldwide (806) 781-3875
Listing date Apr 12, 2018
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of WestMark Commercial | TCN Worldwide
HighLights
- Move‑in ready offices featuring private entrances, multiple offices, two ADA restrooms, and a break room.
- Ample front door parking with additional covered parking for tenants.
- Beautifully landscaped property with concrete parking lot and driveways.
- Suitable for medical or general office use.
- Option for sale or lease.
- Owner financing available for qualified buyer.
Overview
Local Financial Insights For Healthcare Medical
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 | $42.4k | $24.60 |
| − Vacancy | −$3.8k | −$2.21 |
| EGI | $38.6k | $22.39 |
| − OpEx | −$15.4k | −$8.95 |
| NOI | $23.2k | $13.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.931
- Latitude
- 33.5784