Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    7412 University Ave Lubbock, TX 79423

    Sponsored
    For Lease
    $18 SF/Yr

    7,000 SF Office Suite Available in Lubbock, TX

    Lot size:
    28,116 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional 7,000-square-foot retail/office space is located at 7412 University Avenue in Lubbock, Texas, zip code 79423. The property is part of a larger building totaling 28,116 square feet and features a multi-tenant occupancy. This second-generation space offers a turnkey solution for businesses seeking a well-appointed and functional office environment. The layout includes nine private offices, providing ample space for individual work or team collaboration. A large bullpen area offers flexibility for open-plan workstyles, while a spacious conference room is ideal for meetings and presentations. A fully equipped kitchen and a welcoming reception area complete the space, enhancing both employee comfort and client experience. The property's prime location within Lubbock's thriving commercial district ensures high visibility and easy access for employees and clients alike. This is an excellent opportunity for a business seeking a move-in ready, well-designed office space in a desirable location. The space is immediately available. Serious inquiries are encouraged.

    Property Features for 7412 University Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,116 SF
    Total Rate
    42174

    Unit(s) available at that property

    Space
    Suite 9
    Size
    7,000 SF
    Rate per SF
    $18

    HighLights

    • 7,000 SF retail/office space at 7412 University Ave, Lubbock, TX 79423.
    • Part of a larger 28,116 SF multi‑tenant building.
    • Second‑generation space, turnkey ready.
    • Features nine private offices, bullpen area, conference room, kitchen, and reception area.
    • Prime location in Lubbock's commercial district, offering high visibility and accessibility.
    • Immediately available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Little Panda Chinese Restaurant Smoke Scene Smoke Shop Mr. Credit Solutions Credit Counseling Service Express Employment Professionals Employment Agency OneMain Financial Loan Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.87085095165
    Latitude
    33.526123859875

    Nearby Similar for Lease

    • New
      $2,600 /Mo
      8,330 SF

      New Class A Office Space

      Premium office spaces in high-traffic Lubbock location, built in 2025.
      206 Slide Rd, Lubbock, TX 79416
      View Details
    • $4,500 /Mo
      11,400 SF

      Lubbock Commercial Property with Warehouse

      4.625-acre property featuring renovated office, warehouse, and ag barn.
      510 Valencia Ave, Lubbock, TX 79416
      View Details
    • $11 SF/Yr
      7,200 SF

      New Office-Warehouse Facility For Lease

      New construction office-warehouse with drive-through access in growing industrial corridor.
      8922 County Rd 6820, Lubbock, TX 79407
      View Details
    • $22 SF/Yr
      18,731 SF

      Modern Office Space in Lubbock

      Modern office space in a prime Lubbock location.
      6905 82Nd St, Lubbock, TX 79424
      View Details
    • $10 SF/Yr
      4,576 SF

      Versatile Two-Story Commercial Office Building

      Two-story commercial office building with ample parking and flexible layout.
      2529 74Th St, Lubbock, TX 79423
      View Details
    • $11,600 /Mo
      3,292 SF

      Move-in Ready Office Space

      Office space with operatory, restrooms, break room, and reception.
      6102 82Nd St, Lubbock, TX 79424
      View Details
    • $18 SF/Yr
      26,739 SF

      Lubbock Office Space Available

      Office space for lease in Lubbock, Texas.
      7202 Slide Rd, Lubbock, TX 79424
      View Details
    • $19 SF/Yr
      2,259 SF

      Lubbock Office Space For Lease

      Prime office space with modern amenities and cost-saving features.
      3402 110Th St, Lubbock, TX 79423
      View Details
    • $500 /Mo
      160 SF

      Furnished Office Suites for Lease

      Private, furnished office suites in a multi-tenant co-working space.
      3610 34Th St, Lubbock, TX 79410
      View Details
    • $10 SF/Yr
      10,580 SF

      Lubbock Commercial Space For Rent

      Highly visible commercial space with warehouse in Lubbock, Texas.
      4809 Loop 289 W, Lubbock, TX 79414
      View Details
    • $22 SF/Yr
      3,869 SF

      New Smart Garden Office Space

      Brand new construction office space in developing area of Lubbock.
      3204 140Th St, Lubbock, TX 79423
      View Details
    • $1,750 /Mo
      2,179 SF

      Lubbock Retail/Office Flex Space

      Versatile 2179 sq ft flex space in Lubbock, Texas.
      4713 Acc Rd, Lubbock, TX 79414
      View Details

    FAQs

    What type of property is this?
    Retail property - 7,000 SF Office Suite Available in Lubbock, TX
    Where is this retail property located?
    The property is located at 7412 University Ave Lubbock, TX.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 7,000 SF retail/office space at 7412 University Ave, Lubbock, TX 79423.; Part of a larger 28,116 SF multi-tenant building.; Second-generation space, turnkey ready.
    Request Owner's contact information
    7412 University Ave Lubbock, TX 79423
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7412 University Ave
    Lubbock, TX 79423
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    7412 University Ave Lubbock, TX 79423
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.