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    5717 66Th St Lubbock, TX 79424

    For Sale
    $1,300,000

    10,919 SF Executive Office Space

    Property size:
    10,919 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 10,919 square foot office building, located at 5717 66th Street in Lubbock, Texas, presents a compelling investment opportunity. The property is zoned C-2 and sits on a substantial 54,414 square foot lot. The single-story building is classified as Class B and features a multi-tenant configuration. The asking price is $1,300,000, translating to a price per square foot of $119.06. The lease type is Net-Net (NN), offering potential investors a strong return on investment. The building's layout is suitable for both executive office and traditional office uses, providing flexibility for a variety of tenants. Rent bumps are included in the lease agreements, ensuring consistent income growth. This property offers a rare combination of size, location, and potential in the thriving Lubbock market. The property's address is easily accessible and visible from a major thoroughfare. Further details regarding available office spaces are available upon request. This is a turnkey opportunity for investors seeking a stable and appreciating asset in a growing Texas city. The property's single-story design and ample lot size offer potential for future expansion or redevelopment. This is an excellent opportunity to acquire a well-maintained and established office building in a desirable location.

    Property Features for 5717 66Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    10,919 SF
    Class
    B

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • $1,300,000 asking price for this Lubbock, TX office building.
    • 10,919 square feet of office space in a Class B building.
    • Multi‑tenant property with a Net‑Net lease structure.
    • Located on a 54,414 square foot lot, zoned C‑2.
    • $119.06 per square foot asking price.
    • One‑story building with rent bumps and broker co‑op.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Beakon, Lubbock, TX Mental Health Service Bednarz Insurance Agency Insurance Agency vaKaitions Travel Agency Travel Agency Mindfulness Counseling Psychotherapist Natalie Frazier Marriage Or Relationship Counselor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.9386909
    Latitude
    33.5338699

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    FAQs

    What type of property is this?
    Office Property / Space - 10,919 SF Executive Office Space
    Where is this office property / space located?
    The property is located at 5717 66Th St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: $1,300,000 asking price for this Lubbock, TX office building.; 10,919 square feet of office space in a Class B building.; Multi-tenant property with a Net-Net lease structure.
    Request Owner's contact information
    5717 66Th St 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
    5717 66Th St Lubbock, TX 79424
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