Office Suites in Stone Crest
For Sale
$1,399,999
6102 82nd St Unit 12, Lubbock, TX 79424
Two leased office suites feature orthodontic space, private offices, and an ADA-compliant restroom within a professionally landscaped building.
Property Size4,300 SF
Price / SF$325.58
Days on Market95
Property Features for 6102 82nd St Unit 12
General Information
Standard status
Active
Size
4,300 SF
Additional Details
Highway Access
Yes
Office Units
2
Building Details
Year Built
2014
Tenancy
Multi
Listing Agency:
ALL Real Estate, LLC
Listed By:
Amy Cox · License #0667992
(813) 205-2427
Source:
Raftercrossrealty
Added: Jul 20
Changed: Oct 5
Last Checked: Oct 7 at 4:21PM
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 ALL Real Estate, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property consists of two well-appointed office suites within a single building. Suite A is set up as an orthodontic office. Suite B is configured with four private offices, a spacious break room, and an ADA-compliant restroom, and it is currently leased.
The building exterior features a blend of stone, stucco, and wooden beam accents, complemented by professional landscaping. The property is located in Stone Crest Office Park at the northwest corner of 82nd Street and Iola Avenue, with convenient access to the Marsha Sharp Freeway and Loop 289 for connectivity and visibility in the business district.
With two distinct office-suite configurations, the property can fit an owner-user looking to occupy one suite while retaining the benefit of existing leasing within the other.
The building exterior features a blend of stone, stucco, and wooden beam accents, complemented by professional landscaping. The property is located in Stone Crest Office Park at the northwest corner of 82nd Street and Iola Avenue, with convenient access to the Marsha Sharp Freeway and Loop 289 for connectivity and visibility in the business district.
With two distinct office-suite configurations, the property can fit an owner-user looking to occupy one suite while retaining the benefit of existing leasing within the other.
Key Highlights
- Two leased office suites in a 2014‑built Stone Crest Office Park building
- Suite A: 3,292 SF orthodontic office suite (currently leased)
- Suite B: 1,007 SF with four private offices, a break room, and an ADA‑compliant restroom (currently leased)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,756
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,155,120
$1.2M
Cap Rate 7%
$825,086
$825.1K
Cap Rate 9%
$641,733
$641.7K
Market Conditions
NOI Build-Up for 4,300 SF
Gross rent
$105.8K $24.60/SF
− Vacancy
−$9.5K −$2.21/SF
EGI
$96.3K $22.39/SF
− OpEx
−$38.5K −$8.95/SF
NOI
$57.8K $13.43/SF
Area
Lubbock, TX
Vacancy
9.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,155,120
Cap Rate 7%
$825,086
Cap Rate 9%
$641,733
Alternative Uses
Best Use
Healthcare Medical
$825.1K
$722.0K – $962.6K
NOI $57,756 @ 7.0% cap · market cap 4.13%
Second Best
Office B
$803.0K
$702.7K – $936.9K
NOI $56,212 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$1.08M
$948.5K – $1.26M
NOI $75,883 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
586
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two leased office suites feature orthodontic space, private offices, and an ADA-compliant restroom within a professionally landscaped building.
Where is this office unit located?
The property is located at 6102 82nd St Unit 12 Lubbock, TX.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Two leased office suites in a 2014‑built Stone Crest Office Park building; Suite A: 3,292 SF orthodontic office suite (currently leased); Suite B: 1,007 SF with four private offices, a break room, and an ADA‑compliant restroom (currently leased)
