Single-Tenant Garden
For Sale
Contact for pricing
6022 4th St, Lubbock, TX 79416
Single-tenant office suite with private offices, two restrooms, a breakroom, lobby, and reception area.
Property Size3,895 SF
Price / SF$285
Days on Market345
Property Features for 6022 4th St
General Information
Standard status
Active
Size
3,895 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
McDougal, REALTORS
(806) 317-0234
Listed By:
Ethan Quisenberry · License #0758039
(806) 317-0234
Source:
Moodyscre
Added: Aug 25, 2025
Changed: Jul 25
Last Checked: Aug 3 at 5:50AM
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 McDougal, REALTORS
Investment Insights
Based on property information with market context.
Located within the 4th Street Garden Offices, this single-tenant garden office totals 3,895 square feet and is designed for a professional work environment. The interior includes sixteen private offices, two restrooms, a breakroom, a welcoming lobby, and a reception area, creating a flexible layout for client-facing and team-based operations.
The property is positioned on 4th Street between Milwaukee Avenue and Frankford Avenue, providing visibility and convenient access to Loop 289 and the Marsha Sharp Freeway.
The property is positioned on 4th Street between Milwaukee Avenue and Frankford Avenue, providing visibility and convenient access to Loop 289 and the Marsha Sharp Freeway.
Key Highlights
- Single‑tenant 4th Street Garden Offices garden office totaling 3,895 SF
- Layout includes 16 private offices, reception area, and a welcoming lobby
- Amenities include two restrooms and a breakroom
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 | $81.8k | $21.00 |
| − Vacancy | −$13.9k | −$3.57 |
| EGI | $67.9k | $17.43 |
| − OpEx | −$17.0k | −$4.36 |
| NOI | $50.9k | $13.07 |
3,895 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$727.4K
$636.5K – $848.6K
NOI $50,917 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$981.9K
$859.2K – $1.15M
NOI $68,736 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Explore this area
Business Placement
Demographics for 79416, TX
36,251
Population
16,094
Households
2.3
Avg Household Size
30
Median Age
39%
College-Educated
93%
High-School Grad
32.1 sq mi
ZIP Area
1,129
Density / Sq Mi
$65,200
Median Household Income
$34,258
Median Earnings
$1,269
Median Rent
$196,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Single-tenant office suite with private offices, two restrooms, a breakroom, lobby, and reception area.
Where is this office units located?
The property is located at 6022 4th St Lubbock, TX.
What is the asking price?
The asking price for this property is $1,110,075.
What are key features of this property?
This property features: Single‑tenant 4th Street Garden Offices garden office totaling 3,895 SF; Layout includes 16 private offices, reception area, and a welcoming lobby; Amenities include two restrooms and a breakroom
