Finished Office Condo For
For Sale
$431,000
5424 19th Street Suite 401, Lubbock, TX 79407
Newly finished office condo with ample parking for sale.
Property Size1,724 SF
Price / SF$250
Days on Market393
Property Features for 5424 19th Street Suite 401
General Information
Standard status
Active
Size
1,724 SF
Class
A
Property subtype
Office Condo
Building Details
Building Size
1,724 SF
Year Built
2008
Listing Agency:
WestMark Commercial | TCN Worldwide
Listed By:
Karen Higgins, CCIM · License #TX #0331521-B
(806) 776-2833
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Aug 21
Last Checked: Aug 21 at 10:28AM
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 WestMark Commercial | TCN Worldwide
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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 is a newly finished-out office condo available for sale. The property features landscaping, a concrete parking lot and driveways, and front door parking. Covered parking is located behind the building. The property is located on the northeast corner of 19th Street and Chicago, just west of Slide Road. The property size is 1724 square feet.
Key Highlights
- Newly finished‑out office condo, ready for your business.
- Ample front door concrete parking for clients and staff.
- Rear covered parking provides protection from the elements.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,537
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,740
$450.7K
Cap Rate 7%
$321,957
$322.0K
Cap Rate 9%
$250,411
$250.4K
Market Conditions
NOI Build-Up for 1,724 SF
Gross rent
$36.2K $21.00/SF
− Vacancy
−$6.2K −$3.57/SF
EGI
$30.0K $17.43/SF
− OpEx
−$7.5K −$4.36/SF
NOI
$22.5K $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%
$450,740
Cap Rate 7%
$321,957
Cap Rate 9%
$250,411
Alternative Uses
Best Use
Office B
$322.0K
$281.7K – $375.6K
NOI $22,537 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$434.6K
$380.3K – $507.1K
NOI $30,424 @ 7.0% cap · market cap 7.06%
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
309
Businesses Nearby
Explore this area
Business Placement
Demographics for 79407, TX
23,208
Population
11,817
Households
2
Avg Household Size
32
Median Age
41%
College-Educated
92%
High-School Grad
75.9 sq mi
ZIP Area
306
Density / Sq Mi
$64,778
Median Household Income
$38,212
Median Earnings
$1,131
Median Rent
$200,700
Median Home Value
Check the figures for this property
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 unit - Newly finished office condo with ample parking for sale.
Where is this office unit located?
The property is located at 5424 19th Street Suite 401 Lubbock, TX.
What is the asking price?
The asking price for this property is $431,000.
What are key features of this property?
This property features: Newly finished‑out office condo, ready for your business.; Ample front door concrete parking for clients and staff.; Rear covered parking provides protection from the elements.
