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.
Days on Market10
Property Features for 6302 70th St
General Information
Standard status
Active
Property subtype
Office
Building Details
Building Size
3,223 SF
Year Built
2019
Listing Agency:
WestMark Commercial | TCN Worldwide
(806) 776-2833
Listed By:
Karen Higgins, CCIM · License #TX #0331521-B
Source:
Tcnworldwide
Added: Jul 24
Changed: Jul 25
Last Checked: Aug 2 at 5:12AM
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
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 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 | $67.7k | $21.00 |
| − Vacancy | −$11.5k | −$3.57 |
| EGI | $56.2k | $17.43 |
| − OpEx | −$14.0k | −$4.36 |
| NOI | $42.1k | $13.07 |
3,223 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
399
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
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 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
