New NNN Leased
For Sale
$1,085,000
6704 Yonkers Avenue, Lubbock, TX 79407
7,200 SF NNN leased property in West Business Park.
Property Size7,200 SF
Price / SF$150.69
Days on Market257
Property Features for 6704 Yonkers Avenue
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Office
Listing Agency:
NAI Wheelhouse
(806) 200-3244
Listed By:
Joe Magby
(806) 200-3244
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Aug 4 at 5:46AM
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 NAI Wheelhouse
Investment Insights
Based on property information with market context.
This 7,200 SF NNN leased property is located at the entrance of West Business Park, offering visibility and access to major highways, including the Marsha Sharp Freeway. The property is positioned within a new business park under development. Featuring lease terms and minimal landlord responsibilities, this asset presents a low-maintenance investment opportunity in a growing business corridor.
Key Highlights
- Brand new 7,200 SF NNN leased property.
- Excellent visibility at the entrance of West Business Park.
- Direct access to major highways, including Marsha Sharp Freeway.
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 | $151.2k | $21.00 |
| − Vacancy | −$25.7k | −$3.57 |
| EGI | $125.5k | $17.43 |
| − OpEx | −$31.4k | −$4.36 |
| NOI | $94.1k | $13.07 |
7,200 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.34M
$1.18M – $1.57M
NOI $94,122 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,060 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 79407, TX
23,208
Population
11,817
Households
2
Avg Household Size
32
Median Age
41%
College-Educated
92%
High-School Grad
75.9 sq mi
ZIP Area
306
Density / Sq Mi
$64,778
Median Household Income
$38,212
Median Earnings
$1,131
Median Rent
$200,700
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 - 7,200 SF NNN leased property in West Business Park.
Where is this office building located?
The property is located at 6704 Yonkers Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $1,085,000.
What are key features of this property?
This property features: Brand new 7,200 SF NNN leased property.; Excellent visibility at the entrance of West Business Park.; Direct access to major highways, including Marsha Sharp Freeway.
