Office Building with Open
7327 19th Street, Lubbock, TX 79407
For Sale
$385,000
Commercial Sale, Lubbock, TX
Property Size2,050 SF
Lot Size0.32 Acres
Price / SF$187.80
Days on Market51
Property Features for 7327 19th Street
General Information
Property type
Property subtype
Parking
Parking features
Fencing
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
Lubbock Select Realty
(806) 696-7700
Listed By:
Laura Luna · License TX #0728524
(806) 329-8407
Added: Sep 23
Changed: Oct 31
Last Checked: Nov 12 at 6:06PM
MLS# 202613166
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.
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Investment Insights
Based on property information with market context.
This 2,050-square-foot office building at 7327 19th Street includes four private rooms or offices, two full bathrooms, and a large central open workspace. The interior also provides a full kitchen with island, dining or break area, laundry and utility room, and storage. Brick, stucco, and foam insulation are among the construction materials, with plank, ceramic tile, and vinyl flooring throughout.
The 0.32-acre property includes approximately 3,602 square feet of new concrete driveway, two covered carport areas, and two storage units. Gated driveway parking, fencing, public water, and public sewer support the site. The building was constructed in 1950 and has central electric heating and central air conditioning.
The 0.32-acre property includes approximately 3,602 square feet of new concrete driveway, two covered carport areas, and two storage units. Gated driveway parking, fencing, public water, and public sewer support the site. The building was constructed in 1950 and has central electric heating and central air conditioning.
Key Highlights
- 2,050 SF office building with four private rooms or offices
- Central open workspace, full kitchen with island, and dining or break area
- Two full bathrooms plus laundry, utility, and storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,799
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,980
$536.0K
Cap Rate 7%
$382,843
$382.8K
Cap Rate 9%
$297,767
$297.8K
Market Conditions
NOI Build-Up for 2,050 SF
Gross rent
$43.1K $21.00/SF
− Vacancy
−$7.3K −$3.57/SF
EGI
$35.7K $17.43/SF
− OpEx
−$8.9K −$4.36/SF
NOI
$26.8K $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%
$535,980
Cap Rate 7%
$382,843
Cap Rate 9%
$297,767
Alternative Uses
Best Use
Office B
$382.8K
$335.0K – $446.7K
NOI $26,799 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$516.8K
$452.2K – $603.0K
NOI $36,177 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
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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
$200,700
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Lubbock, TX
Properties on Market for Office buildings in Lubbock
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Flexible office layout includes private rooms, full kitchen, storage, and covered parking on a fenced commercial site.
Where is this office building located?
The property is located at 7327 19th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 2,050 SF office building with four private rooms or offices; Central open workspace, full kitchen with island, and dining or break area; Two full bathrooms plus laundry, utility, and storage areas
