Medical Office with Surgical
For Sale
Contact for pricing
7515 QUAKER AVE, Lubbock, TX 79424
Purpose-built layout includes treatment rooms, physician offices, and dedicated patient areas.
Property Size5,892 SF
Price / SF$322.47
Days on Market63
Property Features for 7515 QUAKER AVE
General Information
Standard status
Active
Size
5,892 SF
Class
A
Property subtype
Office
Zoning
HDR
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
2013
Buildings
1
Units
1
Listing Agency:
Williams & Company Real Estate, LLC
Listed By:
Dan Williams · License #TX-550528
(806) 777-1310
Source:
Crexi
Added: Aug 12
Changed: Oct 9
Last Checked: Oct 12 at 6:31PM
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 Williams & Company Real Estate, LLC
Investment Insights
Based on property information with market context.
Built in 2013, this 5,732-square-foot medical office offers a specialized configuration with multiple exam and treatment rooms, dedicated surgical suites, private physician and administrative offices, a conference room, reception, and patient waiting areas. Abundant second-floor storage supports the building’s operational layout, while the interior was originally configured for dental practice use and includes high-end finishes. The floor plan can accommodate medical, dental, surgical, specialty healthcare, or professional office operations.
The property is positioned at the intersection of 76th Street and Quaker Avenue in South Lubbock, with access to Quaker Avenue, a primary north-south thoroughfare. The offering includes a one-half ownership interest in the parking lot across the street, adding 17 dedicated parking spaces to the on-site supply. The property is zoned HDR.
The property is positioned at the intersection of 76th Street and Quaker Avenue in South Lubbock, with access to Quaker Avenue, a primary north-south thoroughfare. The offering includes a one-half ownership interest in the parking lot across the street, adding 17 dedicated parking spaces to the on-site supply. The property is zoned HDR.
Key Highlights
- 5,732‑square‑foot medical office built in 2013
- Multiple exam and treatment rooms with dedicated surgical suites
- Private physician and administrative offices, conference room, reception, and patient waiting areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,139
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,582,780
$1.6M
Cap Rate 7%
$1,130,557
$1.1M
Cap Rate 9%
$879,322
$879.3K
Market Conditions
NOI Build-Up for 5,892 SF
Gross rent
$144.9K $24.60/SF
− Vacancy
−$13.0K −$2.21/SF
EGI
$131.9K $22.39/SF
− OpEx
−$52.8K −$8.95/SF
NOI
$79.1K $13.43/SF
Area
Lubbock, TX
Vacancy
9.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,582,780
Cap Rate 7%
$1,130,557
Cap Rate 9%
$879,322
Alternative Uses
Best Use
Healthcare Medical
$1.13M
$989.2K – $1.32M
NOI $79,139 @ 7.0% cap · market cap 4.17%
Second Best
Office B
$1.10M
$962.8K – $1.28M
NOI $77,023 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $103,977 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,185
Businesses Nearby
Balanced
Demand for This Use
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
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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?
Medical Office Space - Purpose-built layout includes treatment rooms, physician offices, and dedicated patient areas.
Where is this medical office space located?
The property is located at 7515 QUAKER AVE Lubbock, TX.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 5,732‑square‑foot medical office built in 2013; Multiple exam and treatment rooms with dedicated surgical suites; Private physician and administrative offices, conference room, reception, and patient waiting areas
