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    4416 74Th St Lubbock, TX 79424

    Sponsored
    For Lease
    $12 SF/Yr ($11,900 /Mo)

    Single-tenant medical office, excellent condition.

    Lot size:
    11,424 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 11,424-square-foot medical office building, located at 4416 74th Street in Lubbock County, presents a compelling investment opportunity. Constructed in 1984 and extensively renovated in 2016, the property boasts a single-tenant occupancy, minimizing management complexities. The building features a single story and no elevators. The asking price is $1,600,000, translating to $140 per square foot. A new roof was installed in 2022, adding to the property's overall value and reducing future maintenance costs. The current lease rate stands at $12.50 per square foot, triple net (NNN). This property is ideally suited for an investor seeking a stable, single-tenant income stream from a well-maintained medical office building in a desirable Lubbock County location. The building's proximity to 74th Street ensures excellent visibility and accessibility. The comprehensive 2016 renovation ensures modern amenities and functionality, minimizing the need for immediate capital expenditures. This turnkey investment offers a strong return on investment with minimal operational overhead. Detailed information is available upon request.

    Property Features for 4416 74Th St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,424 SF
    Total Rate
    11900

    Building Details

    Year Built/Renovated
    1984/2016
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    11,424 SF
    Rate per SF
    $12

    HighLights

    • 11,424 SF single‑tenant medical office building in Lubbock County.
    • Asking price: $1,600,000 ($140/SF).
    • Lease rate: $12.50/SF NNN.
    • Completely remodeled in 2016, new roof in 2022.
    • Located at 4416 74th Street, near 74th Street.
    • One‑story building, built in 1984, no elevators.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lubbock Insulation Insulation Contractor TAJ Hospitality Management Property Management Company Wisdom and Truth Wellness Chiropractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.9081545
    Latitude
    33.5275612

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    FAQs

    What type of property is this?
    Medical office - Single-tenant medical office, excellent condition.
    Where is this medical office located?
    The property is located at 4416 74Th St Lubbock, TX.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 11,424 SF single-tenant medical office building in Lubbock County.; Asking price: $1,600,000 ($140/SF).; Lease rate: $12.50/SF NNN.
    Request Owner's contact information
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    Lubbock, TX 79424
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4416 74Th St Lubbock, TX 79424
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