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Property profile & analytics
OFF-MARKET
Office Spaces

2124 Broadway St Lubbock, TX 79401

2,717 SF
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a 2,717 square foot, Class C office building situated at 2124 Broadway Street in Lubbock, Texas, 79401. Currently operating at 50% occupancy, this multi-tenant property offers significant upside potential. The building, a converted house, boasts a prime location near downtown Lubbock and Texas Tech University, ensuring high visibility and convenient access. The interior features ample private office space, a dedicated conference room, and a functional kitchen area, catering to a variety of business needs. A key advantage is the inclusion of a separate 1-bedroom, 1-bathroom dwelling, ideal for supplemental income generation through short-term rentals (like Airbnb) or long-term leasing. The property is offered at an asking price of $495,000, translating to $182.19 per square foot. The lease type is NNN (Net, Net, Net), meaning tenants are responsible for property taxes, insurance, and maintenance, minimizing the owner's operational expenses. This presents a compelling opportunity for investors seeking a well-located, income-producing asset with the added benefit of a secondary rental unit. The property's strategic location and versatile layout make it an attractive option for a diverse range of businesses and investors. This is a rare chance to acquire a unique property in a thriving Texas market.

Property profile
Verified
Property type Office Spaces
Total area 2,717 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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