Two-Story Office
For Sale
$195,000
8008 Slide Rd Lubbock tx, Lubbock, TX 79424
Commercial Sale, Lubbock, TX
Property Size1,332 SF
Price / SF$146.40
Days on Market201
Property Features for 8008 Slide Rd Lubbock tx
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
4
Parking features
Parking Lot
Lot features
City Lot, Paved
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Directions
WEST OFF SLIDE ROAD IN THE BENCHMARK OFFICE CONDOMINIUMS SUITE #31
Subdivision
7
Standard status
Active
Size
1,332 SF
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Gas (Cooling), Ceiling Fan(s), Electric, Central Air
Water source
Public
Building Details
Floors in Building
2
Flooring type
Carpet, Vinyl, Tile - Ceramic
Building materials
Foam Insulation, Plaster, Stucco
Roof type
Tile
Listing Agency:
Sue Stephens Realty
Listed By:
Sue Stephens · License #0548327
(806) 777-8923
Added: Mar 2
Changed: Sep 16
Last Checked: Sep 19 at 2:06AM
MLS# 202603360
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.
Suite 31 is a 1,332-square-foot office unit arranged across two levels. The first floor includes a large conference room, private office, storage, a private entrance, an additional private room, and closet space. The upper level contains three private offices and one restroom, while a downstairs flex or storage room adds functional support space.
The property is located on Slide Road in Lubbock, Texas, with parking lot access. Interior finishes include ceramic tile, vinyl, and carpet flooring, with central heating and cooling. The building features foam insulation, plaster, stucco, and a tile roof. Public water and public sewer serve the property.
The property is located on Slide Road in Lubbock, Texas, with parking lot access. Interior finishes include ceramic tile, vinyl, and carpet flooring, with central heating and cooling. The building features foam insulation, plaster, stucco, and a tile roof. Public water and public sewer serve the property.
Key Highlights
- 1,332‑square‑foot office unit with two‑level configuration
- Suite 31 includes a conference room, private office, and three upstairs offices
- Downstairs flex or storage room plus additional private room and closet space
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
$17,413
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
8.93%
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%
$348,260
$348.3K
Cap Rate 7%
$248,757
$248.8K
Cap Rate 9%
$193,478
$193.5K
Market Conditions
NOI Build-Up for 1,332 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
$28.0K $21.00/SF
− Vacancy
−$4.8K −$3.57/SF
EGI
$23.2K $17.43/SF
− OpEx
−$5.8K −$4.36/SF
NOI
$17.4K $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%
$348,260
Cap Rate 7%
$248,757
Cap Rate 9%
$193,478
Alternative Uses
Best Use
Office B
$248.8K
$217.7K – $290.2K
NOI $17,413 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$335.8K
$293.8K – $391.8K
NOI $23,506 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
623
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
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 units - Private commercial suite with conference, office, storage, and restroom areas across two levels.
Where is this office units located?
The property is located at 8008 Slide Rd Lubbock tx Lubbock, TX.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,332‑square‑foot office unit with two‑level configuration; Suite 31 includes a conference room, private office, and three upstairs offices; Downstairs flex or storage room plus additional private room and closet space
