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    Lubbock, TX Medical Office Space for Sale

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    Stabilized Retail and Medical Center
    Updated: Oct 29, 2020
    Stabilized Retail and Medical Center

    1824 Parkway Dr, Lubbock, TX 79403

    $3,000,000
    19,416 sqft 3.81 AC lot
    Stabilized NNN retail and medical center with a secure 6.42% cap rate.
    Located in a designated Federal Opportunity Zone, offering potential tax benefits.
    Excellent visibility and access with 287 feet of frontage on US Highway 82.
    Anchored by long‑term, nationally recognized brands like Pizza Hut and Cricket Wireless.
    Diverse tenant mix including recession‑resistant medical services (Community Health Center, Renal Care, Health Mart Pharmacy).
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    This listing looks promising.

    Here's a quick look at some key insights for

    1824 Parkway Dr, Lubbock, TX 79403

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    • Est. Cap Rate

      8.7%
      Above avg (5.9%)

    • Est. NOI

      $261K
      Annual

    • Price @ 7% Cap

      $3.73M
      Above asking
    View Property Analytics
    Built 2025 Medical Office Building
    Updated: Jul 2
    Built 2025 Medical Office Building

    10933 Wayne Avenue, Lubbock, TX 79424

    $1,450,000
    4,570 sqft 0.40 AC lot
    4,500+ SF professional office building under construction, built in 2025
    Floor plan includes 12 private offices/exam rooms plus a centrally located nurses' station
    Reception and spacious waiting room, designed for client/patient traffic flow
    Executive office suite with a private restroom
    Two public restrooms plus a dedicated employee restroom and staff break lounge
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    Lubbock Commercial Suites For Sale
    Lubbock Commercial Suites For Sale

    6102 82nd Street, Lubbock, TX 79424

    $1,399,999
    4,300 sqft 0.22 AC lot

    Two well-appointed commercial suites in a prime location.

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    Lubbock Medical Office Opportunity
    Lubbock Medical Office Opportunity

    3508 22nd Place, Lubbock, TX 79410

    $480,000
    2,135 sqft 0.22 AC lot

    Well-maintained medical office in Central Lubbock, ideal for healthcare.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Office Building with 13 Private Offices
    Office Building with 13 Private Offices

    3214 140th St, Lubbock, TX 79423

    $1,150,000
    4,043 sqft

    Well-appointed office building includes reception, 13 private offices, large conference room, two restrooms, and kitchenette.

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    Farmhouse-Style Office Building
    Farmhouse-Style Office Building

    3204 140th Street, Lubbock, TX 79423

    $1,103,000
    3,869 sqft 0.54 AC lot

    Newly built office property with multiple fire-rated lockable offices, ADA restrooms, and a covered north-facing patio.

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    Lubbock Medical District Adaptable Building
    Lubbock Medical District Adaptable Building

    3707 21st Street & 3708 22nd Street |, Lubbock, TX 79410

    $850,000
    7,562 sqft

    7,562 SF building in Lubbock Medical District, ideal for redevelopment.

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    Lubbock Medical Office For Sale
    Lubbock Medical Office For Sale

    3508 22nd Pl, Lubbock, TX 79410

    $480,000
    2,135 sqft

    Well-maintained medical office in central Lubbock location.

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    Garden Office on 4th Street
    Garden Office on 4th Street

    6024 4th St, Lubbock, TX

    $949,905
    3,333 sqft 2.24 AC lot

    Single-tenant office space in a high-traffic Lubbock corridor.

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    Lubbock Medical Building For Sale
    Lubbock Medical Building For Sale

    11302 Indiana Ave, Lubbock, TX

    $3,800,000
    8,662 sqft 1.00 AC lot

    8,662 SF medical building 100% leased in Lubbock, TX.

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    Multi-Tenant Office Building For Sale
    Multi-Tenant Office Building For Sale

    7202 Slide Rd, Lubbock, TX 79424

    $3,050,000
    25,137 sqft 1.62 AC lot

    Three-story Class B+ multi-tenant office building with recent renovations.

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    Modern Office Space in Lubbock
    Modern Office Space in Lubbock

    5004 122nd St, Lubbock, TX

    $1,500,000
    5,535 sqft 0.56 AC lot

    Sublease opportunity in newer building near residential neighborhoods.

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    NNN Leased Dental Office Investment
    NNN Leased Dental Office Investment

    5730 66th Street, Lubbock, TX 79424

    $1,875,000

    NNN-leased dental office in active retail corridor with strong demographics.

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    Lubbock Medical Urgent Care Investment
    Lubbock Medical Urgent Care Investment

    5202 82nd Street, Lubbock, TX 79424

    $2,450,000
    6,630 sqft

    Medical urgent care facility with a new seven-year lease.

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    Medical Office Building For Sale
    Medical Office Building For Sale

    11931 Frankford Ave, Lubbock, TX 79424

    $1,025,000

    Move-in ready medical office in southwest Lubbock.

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    Move-in Ready Office Condo
    Move-in Ready Office Condo

    5424 5424 19th St, Lubbock, TX 79407

    $431,000
    1,724 sqft 1.64 AC lot

    Office condo with private entrance, restrooms, and ample parking.

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    Based on your search, we've compiled 55 Potential Opportunities for your consideration. Besides 16 Active listings in Lubbock, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 31 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Flexible Office and Wellness Property
    Flexible Office and Wellness Property

    713 W Indiana Ave, Midland, TX 79701

    $1,900,000
    4,024 sqft 0.33 AC lot

    4,024 SF property with a large central common area and kitchen, plus private suites for multi-use business setups.

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    Versatile Flex Space with Parking
    Versatile Flex Space with Parking

    2503 Dimmitt, Plainview, TX 79072

    $250,000
    1.22 AC lot

    Flex-style space with on-site parking and direct I-27 access, offering flexibility for retail, office, medical, or dining uses.

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    Medical Office Investment Opportunity
    Medical Office Investment Opportunity

    5801 W Wadley Ave, Midland, TX 79707

    $1,700,000
    5,765 sqft

    Single tenant medical property in Midland, Texas for sale.

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    Medical Office Near Covenant Hospital
    Medical Office Near Covenant Hospital

    2620 Yonkers, Plainview, TX 79072

    $122,000
    1,583 sqft

    Versatile medical office space near Plainview Healthcare Center.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Grace Lane Commercial Lots
    Grace Lane Commercial Lots

    200 - 220 Grace Lane, Amarillo, TX 79124

    $3,148,872

    Five commercial lots zoned PD in Amarillo, Texas.

    View details
    Zoned General Commercial Land
    Zoned General Commercial Land

    Hwy 277 S, Abilene, TX 79606

    $499,000
    2.00 AC lot

    2-acre tract zoned for general commercial with visibility and frontage along US Highway 277.

    View details
    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    3434 Mabray Lane, Abilene, TX 79606

    $559,900
    2.00 AC lot

    Two-acre tract in South Abilene's active commercial corridor.

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    Commercial Land Tract for Development
    Commercial Land Tract for Development

    3434 Mabray Lane, Abilene, TX 79606

    $559,900
    2.01 AC lot

    Rare undeveloped land directly across from a major medical clinic, offering visibility and access for office, medical, or retail uses.

    View details

    Off-Market Properties in Lubbock, TX

    Consider similar Off-Market properties in Lubbock, TX. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    4640 Loop 289
    MEDICAL BUILDING

    4640 Loop 289, Lubbock, TX 79416-2423

    $2,795,000
    Estimated value
    22,944 sqft 5.14 AC lot
    View details
    301 Utica Ave
    MEDICAL BUILDING

    301 Utica Ave, Lubbock, TX 79416-3111

    $1,760,000
    Estimated value
    14,183 sqft 4.18 AC lot
    View details
    4412 6th St
    MEDICAL BUILDING

    4412 6th St, Lubbock, TX 79416-4732

    $925,000
    Estimated value
    6,828 sqft 0.95 AC lot
    View details
    4802 Loop 289
    MEDICAL BUILDING

    4802 Loop 289, Lubbock, TX 79416-3025

    $2,490,000
    Estimated value
    20,964 sqft 3.50 AC lot
    View details
    2301 Quaker Ave
    MEDICAL BUILDING

    2301 Quaker Ave, Lubbock, TX 79410-1874

    $2,495,000
    Estimated value
    20,648 sqft 1.06 AC lot
    View details
    4012 76th St
    MEDICAL BUILDING

    4012 76th St, Lubbock, TX 79423

    $760,000
    Estimated value
    5,333 sqft 0.34 AC lot
    View details
    3416 22nd St
    MEDICAL BUILDING

    3416 22nd St, Lubbock, TX 79410-1306

    $1,080,000
    Estimated value
    8,495 sqft 0.74 AC lot
    View details
    4404 6th St
    MEDICAL BUILDING

    4404 6th St, Lubbock, TX 79416-4732

    $915,000
    Estimated value
    6,954 sqft 0.73 AC lot
    View details

    Lubbock, TX Medical Office Space Market Trends and Statistics

    Explore 47 medical office space for sale in Lubbock, TX, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 95,008 square feet of properties for sale, with an estimated market value of $20,943,904.

    Sale prices for medical spaces in Lubbock, TX start at $431,000, averaging $1,611,069, and reaching up to $3,800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 216
    Office buildings 98
    Medical Office Space 47
    Coworking space 8
    Serviced offices 2

    Demographics Overview

    Population 286K
    Population Growth (5Y) +0.1%
    Median Household Income $66,110
    College Educated 24.2%

    High-Yield Neighborhoods for Investment

    Identify Lubbock submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    79401 $199K
    79407 $431K
    79410 $1.1M
    79423 $1.1M
    79424 $2M

    Taxes & Financing

    Tax Rate (average for all types) 1.81%
    Property Tax per SF $22.36 per SF
    Tax Rate vs County Average 0.03 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lubbock County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lubbock County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Lubbock fall within the 10,000 to 25,000 square foot range.

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    Most Searched ZIP Codes in Lubbock, TX

    • 79424
    • 79410
    • 79403
    • 79407
    • 79423

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