302 Avenue O Lubbock, TX 79401
This well-maintained, 5,086 square foot Class C office building at 302 Avenue O in Lubbock, Texas, presents a compelling investment opportunity. Currently 100% occupied with a gross lease, this single-tenant property boasts updated features including fresh exterior paint and new vinyl plank flooring. The interior layout includes versatile office space, a conference room, a reception area, and open warehouse/workspace. The property is zoned IHC and sits on a 0.18-acre lot (APN R102938), offering convenient access to US-82 and Texas Tech University. Its prime location is directly across Marsha Sharp Freeway from the new Buddy Holly Hall of Performing Arts Building, providing excellent visibility and accessibility to I-27. Built in 1965, this building is ideally suited for medical or traditional office use. The property is situated within an Opportunity Zone, offering potential tax advantages. While this building is available for purchase independently, it can also be packaged with an adjacent 7.5 acres of vacant land (not included in this listing's price). The asking price is $350,000, translating to $65.98 per square foot. This represents a strong value proposition for investors seeking a stable, income-producing asset in a desirable Lubbock location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.