Multi-Tenant Office
For Sale
$3,850,000
6701 Aberdeen Avenue, Lubbock, TX 79424
Well-maintained office building with 11 professional suites and current occupancy around 92%.
Property Size27,032 SF
Price / SF$142.42
Days on Market18
Property Features for 6701 Aberdeen Avenue
General Information
Standard status
Active
Size
27,032 SF
Occupancy
92%
Additional Details
Highway Access
Yes
Office Units
11
Building Details
Tenancy
Multi
Listing Agency:
ALL Real Estate, LLC
(806) 543-6095
Listed By:
Amy Cox · License #0667992
(806) 543-6095
Source:
Exprealty
Added: Jul 15
Changed: Jul 26
Last Checked: Jul 31 at 7:51PM
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 ALL Real Estate, LLC
Investment Insights
Based on property information with market context.
This well-maintained, multi-tenant commercial office building includes 11 professional suites. The property is currently approximately 92% occupied, supporting an income-producing setup with limited vacancy.
The building is located at 6701 Aberdeen Avenue in Lubbock, Texas, just off Slide Road and Loop 289, in an established business area. The surrounding area includes a mix of established businesses, hotels, restaurants, retail centers, and professional offices.
For buyers looking for a stabilized office asset, the property’s existing suite configuration and current occupancy provide an operational foundation from day one.
The building is located at 6701 Aberdeen Avenue in Lubbock, Texas, just off Slide Road and Loop 289, in an established business area. The surrounding area includes a mix of established businesses, hotels, restaurants, retail centers, and professional offices.
For buyers looking for a stabilized office asset, the property’s existing suite configuration and current occupancy provide an operational foundation from day one.
Key Highlights
- Approximately 27,032 SF multi‑tenant commercial office building
- 11 professional suites
- Currently approximately 92% occupied for stable, near‑term income
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 | $567.7k | $21.00 |
| − Vacancy | −$96.5k | −$3.57 |
| EGI | $471.2k | $17.43 |
| − OpEx | −$117.8k | −$4.36 |
| NOI | $353.4k | $13.07 |
27,032 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.05M
$4.42M – $5.89M
NOI $353,376 @ 7.0% cap · market cap 9.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.81M
$5.96M – $7.95M
NOI $477,039 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
11
Office units
92%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,057
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Well-maintained office building with 11 professional suites and current occupancy around 92%.
Where is this office units located?
The property is located at 6701 Aberdeen Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Approximately 27,032 SF multi‑tenant commercial office building; 11 professional suites; Currently approximately 92% occupied for stable, near‑term income
