Office Building with Conference
7410 University Ave, Lubbock, TX 79423
For Sale
$855,000
Large office building features private offices, a training/conference room, reception area, and kitchenette.
Property Size4,423 SF
Days on Market105
Property Features for 7410 University Ave
General Information
Standard status
Size
Class
Property subtype
Additional Details
Road Access
Building Details
Building Size
Year Built
Buildings
Listing Agency:
WestMark Commercial | TCN Worldwide
Listed By:
Karen Higgins, CCIM · License #TX #0331521-B
(806) 776-2833
Source:
Westmarkcommercial
Added: Jul 28
Changed: Nov 6
Last Checked: Nov 8 at 3:47AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$57,820
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,156,400
$1.2M
Cap Rate 7%
$826,000
$826.0K
Cap Rate 9%
$642,444
$642.4K
Market Conditions
NOI Build-Up for 4,423 SF
Gross rent
$92.9K $21.00/SF
− Vacancy
−$15.8K −$3.57/SF
EGI
$77.1K $17.43/SF
− OpEx
−$19.3K −$4.36/SF
NOI
$57.8K $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%
$1,156,400
Cap Rate 7%
$826,000
Cap Rate 9%
$642,444
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
624
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
$222,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - 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 Ave 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
