New Freestanding Office
82nd Street Lubbock, TX
82nd Street, Lubbock, TX, 00000
Contact for pricing
For Sale
Contact for pricing
New office building for lease or purchase on West 82nd.
Property Size2,231 SF
Lot Size1.58 Acres
Price / SF$299.87
Days on Market319
Property Features for 82nd Street
General Information
- Standard status
- Active
- Size
- 2,231 SF
- Lot size
- 1.58 Acres
- Property subtype
- OFFICE
Listing Agency
WestMark Commercial | TCN Worldwide
(806) 781-3875
Listed by
Karen Higgins, CCIM · License ##0331521-B
(806) 781-3875
Source
Moodyscre
Added: Sep 2, 2025 Checked: Jul 17 at 6:00 am
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
Investment Insights
Based on property information with market context.
A new, freestanding office building located on West 82nd Street is available for lease or purchase. The property features a floor plan with 7 private offices, including 2 executive offices. As a new construction property, it offers modern finishes and curb appeal. The building is suitable for an owner-user or tenant seeking a turnkey office in a growing professional corridor. The property has a size of 2231 square feet.
Key Highlights
- Brand‑new, free‑standing office building.
- Turnkey office space in a growing professional corridor.
- Includes 7 private offices, with 2 executive offices.
Local 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 | $46.9k | $21.00 |
| − Vacancy | −$8.0k | −$3.57 |
| EGI | $38.9k | $17.43 |
| − OpEx | −$9.7k | −$4.36 |
| NOI | $29.2k | $13.07 |
2,231 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$416.6K
$364.6K – $486.1K
NOI $29,165 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$562.4K
$492.1K – $656.2K
NOI $39,371 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - New office building for lease or purchase on West 82nd.
Where is this office building located?
The property is located at 82nd Street Lubbock, TX.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Brand‑new, free‑standing office building.; Turnkey office space in a growing professional corridor.; Includes **7 private offices, with 2 executive offices.**
