Office Building with Conference
For Sale
Contact for pricing
7410 University, Lubbock, TX 79423
Large office building features private offices, a training/conference room, reception area, and kitchenette.
Property Size4,423 SF
Price / SF$193.31
Days on Market24
Property Features for 7410 University
General Information
Standard status
Active
Size
4,423 SF
Property subtype
OFFICE
Additional Details
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
WestMark Commercial | TCN Worldwide
(806) 781-3875
Listed By:
Karen Higgins, CCIM · License ##0331521-B
(806) 781-3875
Source:
Moodyscre
Added: Jul 9
Changed: Jul 29
Last Checked: Aug 1 at 2:03PM
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
Investment Insights
Based on property information with market context.
This large office building offers a functional interior layout designed for day-to-day administrative and professional use. The space includes large private offices, a spacious training/conference room, a reception area, a kitchenette, and ample support areas.
The property presents strong curb appeal following a fresh exterior facelift. It also benefits from prominent University Ave frontage, supporting visibility and convenient access.
With a mix of private offices and dedicated meeting space, the building can accommodate organizations seeking a highly visible office environment with room for ongoing operations.
The property presents strong curb appeal following a fresh exterior facelift. It also benefits from prominent University Ave frontage, supporting visibility and convenient access.
With a mix of private offices and dedicated meeting space, the building can accommodate organizations seeking a highly visible office environment with room for ongoing operations.
Key Highlights
- Large office building with prominent University Ave frontage
- Includes large private offices plus a spacious training/conference room
- Reception area and a kitchenette
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 | $92.9k | $21.00 |
| − Vacancy | −$15.8k | −$3.57 |
| EGI | $77.1k | $17.43 |
| − OpEx | −$19.3k | −$4.36 |
| NOI | $57.8k | $13.07 |
4,423 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$826.0K
$722.8K – $963.7K
NOI $57,820 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$975.7K – $1.30M
NOI $78,054 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 79423, TX
42,311
Population
18,463
Households
2.3
Avg Household Size
35
Median Age
38%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
659
Density / Sq Mi
$82,906
Median Household Income
$45,520
Median Earnings
$1,284
Median Rent
$222,500
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 - Large office building features private offices, a training/conference room, reception area, and kitchenette.
Where is this office building located?
The property is located at 7410 University Lubbock, TX.
What is the asking price?
The asking price for this property is $855,000.
What are key features of this property?
This property features: Large office building with prominent University Ave frontage; Includes large private offices plus a spacious training/conference room; Reception area and a kitchenette
