8343 Upland Ave, Lubbock, TX 79424
New 3,399 SF office building constructed in 2023.
- Added:
- Sep 30, 2024
- Days on Market:
- 646
- Last Refresh:
- May 12 at 8:19 pm
Property Features for 8343 Upland Ave
General Information
- Standard status
- Active
- Size
- 3,399 SF
- Property subtype
- Office
Building Details
- Year Built
- 2023
Listing office Bill Young Real Estate (806) 776-1270
Listing date Sep 30, 2024
Source Crexi
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 Bill Young Real Estate
HighLights
- New Construction: Built in 2023
- Office Zoning: Suitable for a variety of office uses
- Sales Price: $800,000.00
- Building Size: 3,399 Sq. Ft. (+/-)
- Price per Square Foot: $235.36/PSF
- Property Type: Office Use
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.4k | $21.00 |
| − Vacancy | −$12.1k | −$3.57 |
| EGI | $59.2k | $17.43 |
| − OpEx | −$14.8k | −$4.36 |
| NOI | $44.4k | $13.07 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.9740595
- Latitude
- 33.5155774
