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    11931 Frankford Ave Lubbock, TX 79424

    Sponsored
    For Sale
    $1,025,000

    Move-in ready medical or professional office space in Lubbock, TX

    Property size:
    2,193 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A medical office building, located at 11931 Frankford Ave in Lubbock, Texas, 79424, is offered at $1,025,000. The single-story, 2,193-4,386 square foot building boasts a welcoming design, featuring attractive landscaping, a covered entryway, and tall ceilings. The interior includes a spacious reception area, fourteen individual offices, three bathrooms, a convenient kitchenette, and a large conference room. Currently configured as a medical office, this property is perfectly suited for a second-generation medical user or a professional office tenant. The building is move-in ready, with the current tenant vacating by the end of 2022. This southwest Lubbock location offers excellent accessibility. Development opportunities exist with an adjacent shell space office building and an additional 1.44 acres of raw land available for build-to-suit projects. This presents a unique opportunity to acquire a well-maintained, functional space with potential for expansion.

    Property Features for 11931 Frankford Ave

    General Information

    Property type
    Medical offices
    Square Feet
    2,193 SF
    Class
    A

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • $1,025,000 asking price for this Class A medical office building.
    • Single‑tenant, 2,193 - 4,386 square feet.
    • One‑story building located at 11931 Frankford Ave, Lubbock, TX 79424.
    • Ideal for second‑generation medical or professional office use; features include high ceilings, large reception area, 14 offices, 3 bathrooms, kitchenette, and conference room.
    • Move‑in ready; current tenant vacating end of 2022.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.93967686992
    Latitude
    33.485200156171

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    FAQs

    What type of property is this?
    Medical office - Move-in ready medical or professional office space in Lubbock, TX
    Where is this medical office located?
    The property is located at 11931 Frankford Ave Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,025,000.
    What are key features of this property?
    This property features: $1,025,000 asking price for this Class A medical office building.; Single-tenant, 2,193 - 4,386 square feet.; One-story building located at 11931 Frankford Ave, Lubbock, TX 79424.
    Request Owner's contact information
    11931 Frankford Ave Lubbock, TX 79424
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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
    11931 Frankford Ave Lubbock, TX 79424
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