Move-In-Ready Office
For Sale
$540,000
8009 Genoa Ave, Lubbock, TX 79424
Office suite includes reception, private offices, a conference room, restroom, and storage, currently leased through February 2027.
Property Size2,457 SF
Price / SF$219.78
Days on Market97
Property Features for 8009 Genoa Ave
General Information
Standard status
Active
Size
2,457 SF
Amenities
reception area
private offices
conference room
on-site restroom
storage
Building Details
Year Built
2019
Listing Agency:
ALL Real Estate, LLC
Listed By:
Amy Cox · License #0667992
(813) 205-2427
Source:
Raftercrossrealty
Added: Jul 20
Changed: Oct 11
Last Checked: Oct 7 at 2:20PM
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 ALL Real Estate, LLC
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Investment Insights
Based on property information with market context.
This move-in-ready office suite is designed for day-to-day business operations, with a welcoming reception area, private offices, and a dedicated conference room. The suite also includes an on-site restroom and ample storage to support a functional workflow.
The property is positioned with easy access and ample parking, and it benefits from visibility in a surrounding mix of established neighborhoods, retail, and major thoroughfares.
The suite is currently leased through February 2027, offering continuity for an investor and potential timing flexibility for an owner-occupant planning ahead.
The property is positioned with easy access and ample parking, and it benefits from visibility in a surrounding mix of established neighborhoods, retail, and major thoroughfares.
The suite is currently leased through February 2027, offering continuity for an investor and potential timing flexibility for an owner-occupant planning ahead.
Key Highlights
- Office suite built in 2019 with reception, private offices, a dedicated conference room, restroom, and ample storage
- Currently leased through February 2027
- Move‑in‑ready office layout designed for professional use with reception, conference, and private office spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,119
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,380
$642.4K
Cap Rate 7%
$458,843
$458.8K
Cap Rate 9%
$356,878
$356.9K
Market Conditions
NOI Build-Up for 2,457 SF
Gross rent
$51.6K $21.00/SF
− Vacancy
−$8.8K −$3.57/SF
EGI
$42.8K $17.43/SF
− OpEx
−$10.7K −$4.36/SF
NOI
$32.1K $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%
$642,380
Cap Rate 7%
$458,843
Cap Rate 9%
$356,878
Alternative Uses
Best Use
Office B
$458.8K
$401.5K – $535.3K
NOI $32,119 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$619.4K
$542.0K – $722.7K
NOI $43,359 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
415
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office suite includes reception, private offices, a conference room, restroom, and storage, currently leased through February 2027.
Where is this office unit located?
The property is located at 8009 Genoa Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Office suite built in 2019 with reception, private offices, a dedicated conference room, restroom, and ample storage; Currently leased through February 2027; Move‑in‑ready office layout designed for professional use with reception, conference, and private office spaces
