Office Building with Open
New
For Sale
$385,000
7327 19th Street, Lubbock, TX 79407
Commercial Sale, Lubbock, TX
Property Size2,050 SF
Lot Size0.32 Acres
Price / SF$187.80
Days on Market5
Property Features for 7327 19th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
12
Parking features
Gated, Driveway, Covered
Fencing
Fenced
Lot features
Back Yard, City Lot, Landscaped, Many Trees, Paved, Sprinklers In Front
Elementary school
North Ridge
Middle school
Terra Vista
High school
Memorial
Elementary school district
Frenship ISD
Middle school district
Frenship ISD
High school district
Frenship ISD
Subdivision
7
Standard status
Active
APN
R98502
Size
2,050 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Description
Carlisle L 1
Tax Annual Amount
1857
Legal Description
Carlisle L 1
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Ceiling Fan(s), Electric
Water source
Public
Amenities
private rooms/offices
full baths
central open workspace
full kitchen with island
dining/break area
laundry/utility room
ample storage
storage units
Building Details
Year built
1950
Flooring type
Plank, Tile - Ceramic, Vinyl
Building materials
Brick, Foam Insulation, Stucco
Roof type
Built-Up
Listing Agency:
Lubbock Select Realty
(806) 696-7700
Listed By:
Laura Luna · License #0728524
(806) 329-8407
Added: Sep 23
Last Checked: Sep 27 at 2:06PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,799
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
72
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
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
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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
