Class A Multi-Office
For Sale
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6121 79th St, Lubbock, TX 79424
Class A office building constructed in 2012 with one leased suite and one vacant suite for future occupancy.
Property Size12,626 SF
Lot Size1.10 Acres
Price / SF$237.60
Days on Market426
Property Features for 6121 79th St
General Information
Standard status
Active
Size
12,626 SF
Class
A
Lot size
1.10 Acres
Property subtype
OFFICE
Zoning
OF
Additional Details
Office Units
2
Building Details
Year Built
2012
Tenancy
Multi
Listing Agency:
The Powell Group
Listed By:
David Powell, CCIM · License #0257988
(806) 239-0804
Source:
Moodyscre
Added: Sep 3, 2025
Changed: Oct 26
Last Checked: Nov 1 at 8:52AM
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 The Powell Group
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Investment Insights
Based on property information with market context.
Constructed in 2012, this class A multi-office building totals 12,626 square feet and is zoned for office use (OF). Suite A underwent more than $1 million in improvements during 2022–2023 and is approximately 8,000 square feet, leased under a 60-month agreement that commenced January 1, 2024. Suite B is currently vacant, offering flexibility for an owner-user or additional lease-up.
The property is located near 82nd Street, described as one of the city’s major thoroughfares, and includes ample parking for tenants and visitors.
With recent capital improvements and an established long-term tenant in Suite A, the building presents a current income component alongside available space in Suite B.
The property is located near 82nd Street, described as one of the city’s major thoroughfares, and includes ample parking for tenants and visitors.
With recent capital improvements and an established long-term tenant in Suite A, the building presents a current income component alongside available space in Suite B.
Key Highlights
- Class A office building constructed in 2012 totaling 12,626 SF on 1.1 acres
- Zoned OF (Office)
- Suite A: 8,000 SF leased to a long‑term nationally recognized tenant under a 60‑month agreement starting Jan 1, 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,053
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,301,060
$3.3M
Cap Rate 7%
$2,357,900
$2.4M
Cap Rate 9%
$1,833,922
$1.8M
Market Conditions
NOI Build-Up for 12,626 SF
Gross rent
$265.1K $21.00/SF
− Vacancy
−$45.1K −$3.57/SF
EGI
$220.1K $17.43/SF
− OpEx
−$55.0K −$4.36/SF
NOI
$165.1K $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%
$3,301,060
Cap Rate 7%
$2,357,900
Cap Rate 9%
$1,833,922
Alternative Uses
Best Use
Office B
$2.36M
$2.06M – $2.75M
NOI $165,053 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.18M
$2.79M – $3.71M
NOI $222,814 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Class A office building constructed in 2012 with one leased suite and one vacant suite for future occupancy.
Where is this office building located?
The property is located at 6121 79th St Lubbock, TX.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Class A office building constructed in 2012 totaling 12,626 SF on 1.1 acres; Zoned OF (Office); Suite A: 8,000 SF leased to a long‑term nationally recognized tenant under a 60‑month agreement starting Jan 1, 2024
