Move-In-Ready Office Suite with
For Sale
$540,000
Pending
8009 Genoa Avenue, Lubbock, TX 79424
COMMERCIAL - Lubbock, TX
Property Size2,457 SF
Lot Size0.39 Acres
Days on Market48
Property Features for 8009 Genoa Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Elementary school district
Frenship ISD
Middle school district
Frenship ISD
High school district
Frenship ISD
Directions
The office building is located off 82nd Street, just west of Frankford.
Subdivision
7
Standard status
Pending
APN
R333452
Size
2,457 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Description
Pheasant Run United Tr B2a
Tax Annual Amount
8339
Legal Description
Pheasant Run United Tr B2a
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2019
Listing Agency:
ALL Real Estate, LLC
(806) 543-6095
Listed By:
Amy Cox · License #0667992
(806) 543-6095
Added: Jun 16
Changed: Jul 29
Last Checked: Aug 2 at 3:06AM
MLS# 202608261
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.
This office suite offers a welcoming reception area, private offices, a dedicated conference room, an on-site restroom, and ample storage. Central heating and central air are in place, supporting year-round comfort. The property was built in 2019 and includes parking lot parking.
The suite is leased through February 2027. At a size of 2,457 square feet on a 0.39-acre lot, it can be a practical fit for investors seeking defined near-term occupancy or future owner-occupants planning ahead.
Designed to support day-to-day business functions, the layout includes collaboration and client-facing space, along with private work areas and convenient on-site restroom access.
The suite is leased through February 2027. At a size of 2,457 square feet on a 0.39-acre lot, it can be a practical fit for investors seeking defined near-term occupancy or future owner-occupants planning ahead.
Designed to support day-to-day business functions, the layout includes collaboration and client-facing space, along with private work areas and convenient on-site restroom access.
Key Highlights
- 2,457 SF office suite on a 0.39‑acre lot
- Reception area plus private offices and a dedicated conference room
- On‑site restroom and ample storage
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.6k | $21.00 |
| − Vacancy | −$8.8k | −$3.57 |
| EGI | $42.8k | $17.43 |
| − OpEx | −$10.7k | −$4.36 |
| NOI | $32.1k | $13.07 |
2,457 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
181
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office suite with central HVAC, reception area, private offices, a conference room, and on-site parking lot.
Where is this office units located?
The property is located at 8009 Genoa Avenue 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: 2,457 SF office suite on a 0.39‑acre lot; Reception area plus private offices and a dedicated conference room; On‑site restroom and ample storage
