Office Building for
For Sale
$886,325
6302 70th St, Lubbock, TX 79424
Office building available for sale at 6302 70th St in Lubbock, Texas.
Property Size3,223 SF
Days on Market104
Property Features for 6302 70th St
General Information
Standard status
Active
Size
3,223 SF
Class
A
Property subtype
Office
Building Details
Building Size
3,223 SF
Year Built
2019
Listing Agency:
WestMark Commercial | TCN Worldwide
Listed By:
Karen Higgins, CCIM · License #TX #0331521-B
(806) 776-2833
Source:
Westmarkcommercial
Added: Jul 24
Changed: Oct 26
Last Checked: Nov 3 at 4:22AM
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 offering consists of an office building and/or office spaces available for sale. The property is presented as commercial real estate with office-focused use.
The asset is located at 6302 70th St, Lubbock, TX 79424. For availability, showings, and details on the specific office space configuration included, contact the listing team.
Additional property characteristics such as size, layout, condition, and improvements were not provided in the available information.
The asset is located at 6302 70th St, Lubbock, TX 79424. For availability, showings, and details on the specific office space configuration included, contact the listing team.
Additional property characteristics such as size, layout, condition, and improvements were not provided in the available information.
Key Highlights
- Office building for sale at 6302 70th St in Lubbock, Texas
- Built in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,133
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,660
$842.7K
Cap Rate 7%
$601,900
$601.9K
Cap Rate 9%
$468,144
$468.1K
Market Conditions
NOI Build-Up for 3,223 SF
Gross rent
$67.7K $21.00/SF
− Vacancy
−$11.5K −$3.57/SF
EGI
$56.2K $17.43/SF
− OpEx
−$14.0K −$4.36/SF
NOI
$42.1K $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%
$842,660
Cap Rate 7%
$601,900
Cap Rate 9%
$468,144
Alternative Uses
Best Use
Office B
$601.9K
$526.7K – $702.2K
NOI $42,133 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$812.5K
$711.0K – $948.0K
NOI $56,877 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
457
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
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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 building - Office building available for sale at 6302 70th St in Lubbock, Texas.
Where is this office building located?
The property is located at 6302 70th St Lubbock, TX.
What is the asking price?
The asking price for this property is $886,325.
What are key features of this property?
This property features: Office building for sale at 6302 70th St in Lubbock, Texas; Built in 2019
