New Office Development in
6307 79th St Lubbock, TX
6307 79th St, Lubbock, TX, 00000
Contact for pricing
For Sale
Contact for pricing
Sleek office space with private offices and conference room.
Property Size2,342 SF
Lot Size1.28 Acres
Price / SF$285
Days on Market552
Property Features for 6307 79th St
General Information
- Standard status
- Active
- Size
- 2,342 SF
- Lot size
- 1.28 Acres
- Property subtype
- OFFICE
Properties For Sale
at 6307 79th St Contact us
Listing Agency
WestMark Commercial | TCN Worldwide
(806) 781-3875
Listed by
Karen Higgins, CCIM · License ##0331521-B
(806) 781-3875
Source
Moodyscre
Added: Jan 13, 2025 Checked: Jul 19 at 4:16 am
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 office space is located in a new office development in South Lubbock. The layout includes 6 private offices and a larger conference room situated at the front, providing easy access to the lobby and reception area. A fully equipped break room is located in the rear, offering ample space for employees. The property also features 2 separate restrooms and a centrally located copy/work room. The office space offers a functional layout and is suitable for businesses seeking a professional environment with necessary amenities. The property has a total size of 2342 square feet.
Key Highlights
- Excellent location in South Lubbock
- 6 Private Offices plus a Conference Room
- Functional Layout
Local 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 | $49.2k | $21.00 |
| − Vacancy | −$8.4k | −$3.57 |
| EGI | $40.8k | $17.43 |
| − OpEx | −$10.2k | −$4.36 |
| NOI | $30.6k | $13.07 |
2,342 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$437.4K
$382.7K – $510.3K
NOI $30,616 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$590.4K
$516.6K – $688.8K
NOI $41,330 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Sleek office space with private offices and conference room.
Where is this office units located?
The property is located at 6307 79th St Lubbock, TX.
What is the asking price?
The asking price for this property is $667,470.
What are key features of this property?
This property features: Excellent location in South Lubbock; 6 Private Offices plus a Conference Room; Functional Layout
