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    4010 82Nd St Lubbock, TX 79423

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    For Lease
    Contact for pricing

    South Lubbock Office Space Available

    Lot size:
    30,118 SF

    Property Features for 4010 82Nd St

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,118 SF
    Total Rate
    52706.5

    Building Details

    Year Built
    1989
    Stories
    2

    Spaces For Lease

    at 4010 82Nd St, Lubbock, TX 79423 Contact us
    Unit Suite 200

    $252 /Mo

    Size
    3,290 SF
    Contact us
    Unit Suite 130

    $21 /Mo

    Size
    2,357 SF
    Contact us
    Unit Suite 230

    $21 /Mo

    Size
    6,582 SF
    Contact us
    Unit Suite 255

    $24 /Mo

    Size
    333 SF
    Contact us
    Unit 242

    $24 /Mo

    Size
    341 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Casey Adams
    Casey Adams

    Listing Agency: GRACO Real Estate Development, Inc. Listing Agent: Casey Adams

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional two-story, free-standing executive office building, located in Lubbock County at the intersection of 82nd Street and Quaker Avenue, offers a prime opportunity for businesses seeking flexible and high-visibility space. The Kingsgate Professional Building, part of the Kingsgate Shopping Center development, boasts a total of 30,118 square feet, with 15,993 square feet currently vacant. Units range from a minimum of 333 square feet to a maximum contiguous space of 6,582 square feet, catering to a variety of business needs. The building's strategic location within the shopping center ensures high daytime traffic and convenient access to numerous amenities, enhancing employee convenience and attracting clients. Constructed in 1989, the building sits on a 2.41-acre lot, providing ample parking and potential for future expansion. The property offers multiple tenancy options, making it ideal for both established businesses and startups. Its prominent location on 82nd Street guarantees excellent visibility and accessibility, making it an attractive option for businesses seeking to establish a strong presence in South Lubbock. The available space presents a unique opportunity to secure a well-located, versatile office space in a thriving commercial area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Southwest Training Schools Vocational School Graco Real Estate ... Construction Company Recover Online Rehabilitation Center AlphaPoint Association Or Organization Business Capital Lender ... Business Administration Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon 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
    -101.9006681
    Latitude
    33.5206972

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    FAQs

    What type of property is this?
    Office property - South Lubbock Office Space Available
    Where is this office property located?
    The property is located at 4010 82Nd St Lubbock, TX.
    What is the lease rate?
    The lease rate is $21-$252 SF/Yr.
    What are key features of this property?
    This property features: Executive office suites available in a 30,118 square foot building.; Multiple tenancies available, ranging from 333 to 6,582 contiguous square feet.; 15,993 square feet of vacant space currently available.
    (806) 745-9718 Call to check price and availability
    Request Owner's contact information
    4010 82Nd St Lubbock, TX 79423
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    Lubbock, TX 79423
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    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
    4010 82Nd St Lubbock, TX 79423
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Casey Adams
    Casey Adams
    (806) 745-9718
    Learn more
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