Office Suite with 10 Private
For Sale
Contact for pricing
7710 Milwaukee Ave, Lubbock, TX 79424
Office space with 10 private offices, a conference room, and reception and break room areas, with an in-place lease.
Property Size3,811 SF
Price / SF$259.25
Days on Market391
Property Features for 7710 Milwaukee Ave
General Information
Standard status
Active
Size
3,811 SF
Property subtype
OFFICE
Building Details
Tenancy
Single
Listing Agency:
WestMark Commercial | TCN Worldwide
(806) 794-3300
Listed By:
Kelsey Zickefoose, MBA, CCIM · License ##724914-SA
(806) 696-3863
Source:
Moodyscre
Added: Oct 10, 2025
Changed: Oct 25
Last Checked: Nov 3 at 4:23AM
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
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Investment Insights
Based on property information with market context.
Office suite offering a professional interior layout with 10 private offices, a conference room, two workspaces, plus a reception area and break room. The space is described as new construction and includes modern amenities intended for use by both employees and guests.
A lease is currently in place through March 1, 2026, providing continuity for an owner seeking occupied space. The property is identified as an office units offering at 7710 Milwaukee Ave in Lubbock, TX 79424.
For tenant- or owner-occupant consideration, the combination of private offices, a conference room, and shared common areas supports meetings, client-facing work, and day-to-day team operations within a compact office environment.
A lease is currently in place through March 1, 2026, providing continuity for an owner seeking occupied space. The property is identified as an office units offering at 7710 Milwaukee Ave in Lubbock, TX 79424.
For tenant- or owner-occupant consideration, the combination of private offices, a conference room, and shared common areas supports meetings, client-facing work, and day-to-day team operations within a compact office environment.
Key Highlights
- 10 private offices
- Conference room plus two workspaces
- Reception area and break room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,819
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$996,380
$996.4K
Cap Rate 7%
$711,700
$711.7K
Cap Rate 9%
$553,544
$553.5K
Market Conditions
NOI Build-Up for 3,811 SF
Gross rent
$80.0K $21.00/SF
− Vacancy
−$13.6K −$3.57/SF
EGI
$66.4K $17.43/SF
− OpEx
−$16.6K −$4.36/SF
NOI
$49.8K $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%
$996,380
Cap Rate 7%
$711,700
Cap Rate 9%
$553,544
Alternative Uses
Best Use
Office B
$711.7K
$622.7K – $830.3K
NOI $49,819 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$960.8K
$840.7K – $1.12M
NOI $67,253 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Office unit - Office space with 10 private offices, a conference room, and reception and break room areas, with an in-place lease.
Where is this office unit located?
The property is located at 7710 Milwaukee Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $988,000.
What are key features of this property?
This property features: 10 private offices; Conference room plus two workspaces; Reception area and break room
