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7412 University Ave, Lubbock, TX 79423

7,000 SF second-generation office space in Lubbock, Texas.

Space Size7,000 SF
Property Size28,116 SF
Days on Market818

Property Features for 7412 University Ave

General Information

Standard status Active
Size 7,000 SF
Property subtype Retail
Lease Type Modified Gross

Building Details

Building Size 28,116 SF
Tenancy Multiple

Spaces For Lease

at 7412 University Ave Contact us

Suite 9

Size
7,000 SF
Type
Retail
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: McDougal Realtors
Listed By: Carrigan Williams · License #TX 773761
Source: Crexi
Added: May 28, 2024 Changed: Aug 8 Last Checked: Aug 23 at 2:38AM

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 McDougal Realtors

Investment Insights

Based on property information with market context.

Located at 7412 University Ave in Lubbock, Texas, this 7,000-square-foot second-generation office space is situated within a vibrant commercial district. The meticulously designed office provides a dynamic environment intended to inspire creativity and productivity. The layout includes 9 private offices, a bullpen area, a large conference room, a spacious kitchen, and a reception area.

Key Highlights

  • 7,000 sq ft second‑generation office space.
  • Located in Lubbock's vibrant commercial district.
  • Includes 9 private offices.

Property Analytics

Current Use

Little Panda Restaurant Smoke Scene (Bike/Boat/Book/etc) Store Mr. Credit Solutions Financial Advisor Express Employment Professionals Employment Agency OneMain Financial Loan Service

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Electrical Service Grocery & Convenience Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

679
Businesses Nearby

Demographics for 79423, TX

42,311
Population
18,463
Households
2.3
Avg Household Size
35
Median Age
38%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
659
Density / Sq Mi
$82,906
Median Household Income
$45,520
Median Earnings
$1,284
Median Rent
$222,500
Median Home Value

Market

Lease Benchmarks for Lubbock, TX

$26.63 /SF/Yr
Avg Asking Price
$3.75–$288 /SF/Yr
Price Range
4,808 SF
Avg Space Size

This space is priced 32% below the average of $26.63 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - 7,000 SF second-generation office space in Lubbock, Texas.
Where is this office units 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 sq ft second‑generation office space.; Located in Lubbock's vibrant commercial district.; Includes 9 private offices.
(806) 797-3162 Call to check price and availability
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