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 Market248
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
Additional Details
Property Use
Office
Condition
Needs Renovation
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Gas (Cooling), Electric, Ceiling Fan(s), Central Air
Water source
Public
Building Details
Floors in Building
2
Flooring type
Carpet, Tile - Ceramic, Vinyl
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: Oct 30
Last Checked: Nov 4 at 8:06AM
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.
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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 / Yr
$17,413
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Private commercial suite with conference, office, storage, and restroom areas across two levels.
Where is this office unit 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
