2124 Broadway St Lubbock, TX 79401
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.
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.