Office Building with Vacant First
For Sale
$5,800,000
7101 82nd St, Lubbock, TX 79424
Owner-user configuration includes private offices, workstations, a breakroom, and on-site parking.
Property Size30,992 SF
Days on Market52
Property Features for 7101 82nd St
General Information
Standard status
Active
Size
30,992 SF
Class
A
Property subtype
Office
Additional Details
Furnished
Yes
Road Access
Yes
Amenities
large breakroom
Building Details
Building Size
30,992 SF
Listing Agency:
WestMark Commercial | TCN Worldwide
Listed By:
Karen Higgins, CCIM · License #TX #0331521-B
(806) 776-2833
Source:
Westmarkcommercial
Added: Aug 26
Changed: Oct 11
Last Checked: Oct 16 at 6:52AM
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
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Investment Insights
Based on property information with market context.
The office building at 7101 82nd St includes 15,496 SF of vacant first-floor space configured with oversized private offices, multiple cubicle workstations, and a large breakroom. Furniture may remain in place, supporting immediate occupancy for an owner-user. Ample on-site parking serves employees and clients.
The property has frontage along 82nd Street in Lubbock, Texas. The second floor is leased, creating a building configuration with vacant first-floor office space and an occupied upper level.
The property has frontage along 82nd Street in Lubbock, Texas. The second floor is leased, creating a building configuration with vacant first-floor office space and an occupied upper level.
Key Highlights
- 15,496 SF of vacant first‑floor office space
- Oversized private offices and multiple cubicle workstations
- Large breakroom included on the first floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$405,143
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,102,860
$8.1M
Cap Rate 7%
$5,787,757
$5.8M
Cap Rate 9%
$4,501,589
$4.5M
Market Conditions
NOI Build-Up for 30,992 SF
Gross rent
$650.8K $21.00/SF
− Vacancy
−$110.6K −$3.57/SF
EGI
$540.2K $17.43/SF
− OpEx
−$135.0K −$4.36/SF
NOI
$405.1K $13.07/SF
Area
Lubbock, TX
Vacancy
17.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,102,860
Cap Rate 7%
$5,787,757
Cap Rate 9%
$4,501,589
Alternative Uses
Best Use
Office B
$5.79M
$5.06M – $6.75M
NOI $405,143 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.81M
$6.84M – $9.12M
NOI $546,922 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
391
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Owner-user configuration includes private offices, workstations, a breakroom, and on-site parking.
Where is this office building located?
The property is located at 7101 82nd St Lubbock, TX.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: 15,496 SF of vacant first‑floor office space; Oversized private offices and multiple cubicle workstations; Large breakroom included on the first floor
