New Freestanding Office
For Sale
Contact for pricing
82nd Street, Lubbock, TX
New office building for lease or purchase on West 82nd.
Property Size2,231 SF
Lot Size1.58 Acres
Price / SF$300
Days on Market417
Property Features for 82nd Street
General Information
Standard status
Active
Size
2,231 SF
Lot size
1.58 Acres
Property subtype
OFFICE
Lease Type
NNN
Properties For Sale
at 82nd Street Contact us6923 82nd Street AVAILABLE
Size
2,230 SF
Type
OFFICE
Lease Type
NNN
Available for lease or sale, this newly constructed free-standing office building on West 82nd Street offers a modern and professional setting in one of Lubbock’s fastest-growing areas. The property includes 7 private offices, featuring 2 spacious executive offices, along with a flexible layout designed to accommodate a variety of business needs. As a stand-alone building, it provides privacy, visibility, and easy accessibility—ideal for professional users seeking a turnkey space or an investor looking for a high-quality asset in a desirable location.
NNN's estimated at $5.00/SF/YR
Contact us 6925 82nd Street AVAILABLE
Size
2,231 SF
Type
OFFICE
Lease Type
NNN
This brand-new, free-standing office building on West 82nd Street is now available for lease or purchase. The thoughtfully designed floor plan includes 7 private offices, 2 of which are executive offices, offering both functionality and professional appeal. As a new construction property, it provides modern finishes, strong curb appeal, and the convenience of a stand-alone location. Perfect for an owner-user or tenant seeking a turnkey office in a growing professional corridor.
Contact us
Listing Agency:
WestMark Commercial | TCN Worldwide
(806) 794-3300
Listed By:
Karen Higgins, CCIM · License ##0331521-B
(806) 781-3875
Source:
Moodyscre
Added: Sep 2, 2025
Changed: Oct 2
Last Checked: Oct 20 at 10:57PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,165
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,300
$583.3K
Cap Rate 7%
$416,643
$416.6K
Cap Rate 9%
$324,056
$324.1K
Market Conditions
NOI Build-Up for 2,231 SF
Gross rent
$46.9K $21.00/SF
− Vacancy
−$8.0K −$3.57/SF
EGI
$38.9K $17.43/SF
− OpEx
−$9.7K −$4.36/SF
NOI
$29.2K $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%
$583,300
Cap Rate 7%
$416,643
Cap Rate 9%
$324,056
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 5.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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 $669,300.
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.**
