Multi-Tenant Office
6701 Aberdeen Avenue Lubbock, TX 79424
New
6701 Aberdeen Avenue, Lubbock, TX, 79424
$3,850,000
For Sale
$3,850,000
COMMERCIAL - Lubbock, TX
Property Size27,032 SF
Lot Size2.30 Acres
Price / SF$142.42
Days on Market2
Property Features for 6701 Aberdeen Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Standard status
- Active
- APN
- R91858
- Size
- 27,032 SF
- Lot size
- 2.30 Acres
Taxes and HOA fees
- Tax Description
- Sentry Park Tr D-1-A & D-1-B & D-1-C
- Tax Annual Amount
- 38220
Building Details
- Year built
- 1985
- Floors in Building
- 1
Listing Agency
ALL Real Estate, LLC
(806) 543-6095
2529 74th Street, Lubbock, TX
Listed by
Amy Cox · License #0667992
(806) 543-6095
Added: Jul 15 Checked: Jul 16 at 3:06 pm
MLS# 202609671
Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 6701 Aberdeen Avenue in Lubbock, Texas, this well-maintained multi-tenant commercial office building offers 11 professional suites totaling approximately 27,032 square feet. The property is currently approximately 92% occupied, providing established, in-place rental income with minimal vacancy.
Situated just off Slide Road and Loop 289, the building benefits from convenient access for tenants and visitors. The surrounding area includes established businesses such as Hobby Lobby and Embassy Suites, along with Quarter Four and a mix of restaurants, retail centers, hotels, and professional offices.
Set on approximately 2.3 acres, the property presents a stabilized configuration with multiple office units under one ownership structure.
Situated just off Slide Road and Loop 289, the building benefits from convenient access for tenants and visitors. The surrounding area includes established businesses such as Hobby Lobby and Embassy Suites, along with Quarter Four and a mix of restaurants, retail centers, hotels, and professional offices.
Set on approximately 2.3 acres, the property presents a stabilized configuration with multiple office units under one ownership structure.
Key Highlights
- 1985‑built multi‑tenant commercial office building totaling approximately 27,032 SF
- 11 professional suites with the property currently approximately 92% occupied
- Located just off Slide Road and Loop 289 for convenient tenant and visitor access
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 | $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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Jason Barker
Alternative Medicine Practice
The Extension Salon & Day ...
Alternative Medicine Practice
Eurofins Environment Testing ...
Laboratory
Volée
Gym & Fitness Center
Therapeutic Massage - KP
Alternative Medicine Practice
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FAQs
What type of property is this?
Office units - Multi-tenant office building with 11 professional suites and approximately 92% occupancy.
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: 1985‑built multi‑tenant commercial office building totaling approximately 27,032 SF; 11 professional suites with the property currently approximately 92% occupied; Located just off Slide Road and Loop 289 for convenient tenant and visitor access
