Freestanding Office
For Sale
Contact for pricing
6311 79th St, Lubbock, TX 79424
Freestanding office building offering multiple private offices, a conference room, break room, copy/work room, and two restrooms.
Property Size2,330 SF
Price / SF$276.42
Days on Market566
Property Features for 6311 79th St
General Information
Standard status
Active
Size
2,330 SF
Property subtype
OFFICE
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
Changed: Jul 26
Last Checked: Aug 2 at 2:14PM
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 freestanding office building is designed for multiple office users and includes six private offices plus a larger conference room at the front of the space. The layout also features a fully equipped break room toward the rear, along with a centrally located copy/work room.
The office is arranged for easy access to a lobby and reception area from the conference room. Two separate restrooms are also provided within the building.
Overall, the configuration supports day-to-day office operations with dedicated workspaces and shared meeting and support areas.
The office is arranged for easy access to a lobby and reception area from the conference room. Two separate restrooms are also provided within the building.
Overall, the configuration supports day-to-day office operations with dedicated workspaces and shared meeting and support areas.
Key Highlights
- Freestanding office building with 6 private offices
- Front conference room with easy access to the lobby and reception area
- Fully equipped break room at the rear of the office
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 | $48.9k | $21.00 |
| − Vacancy | −$8.3k | −$3.57 |
| EGI | $40.6k | $17.43 |
| − OpEx | −$10.2k | −$4.36 |
| NOI | $30.5k | $13.07 |
2,330 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$435.1K
$380.7K – $507.7K
NOI $30,459 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$587.4K
$514.0K – $685.3K
NOI $41,118 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,166
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 - Freestanding office building offering multiple private offices, a conference room, break room, copy/work room, and two restrooms.
Where is this office building located?
The property is located at 6311 79th St Lubbock, TX.
What is the asking price?
The asking price for this property is $644,050.
What are key features of this property?
This property features: Freestanding office building with 6 private offices; Front conference room with easy access to the lobby and reception area; Fully equipped break room at the rear of the office
