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Property profile & analytics
FOR LEASE
Office buildings

1415 Buddy Holly Ave Lubbock, TX 79401

18,116 SF 0.75 ac lot Built 2014
Individually Owned 15-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-4165907
Property summary
AI-generated overview

This exceptional 2,841-square-foot office suite is located on the entire first floor of a beautifully renovated building in downtown Lubbock, Texas. Situated at 1415 Buddy Holly Ave, zip code 79401, in Lubbock County, this traditional office space offers a highly desirable location with convenient access to county and city government offices, courthouses, Citizen's Tower, and other key businesses. The suite boasts six private offices, providing ample space for individual work or team collaboration. A dedicated conference room facilitates meetings and presentations, while a spacious reception/work area ensures a professional and welcoming environment for clients and staff. Abundant storage space is available to meet various organizational needs. Modern security systems are in place to ensure the safety and security of the premises. The entire building encompasses 18,000 square feet, and this suite is part of a multiple-tenancy building. This turnkey solution offers immediate occupancy and is ideal for businesses seeking a prestigious and functional workspace in the heart of Lubbock's vibrant downtown area. The property is ready for immediate occupancy.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2014
Total area 18,116 SF
Lot 0.75 ac (32,500 SF)
Zoning code 9938
APN R115960
UPID US82-4165907
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
Current use
Occupant on record · Public records
  • Cigna Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.12M
Blend (final) Blend
$2.17M
Owner & transaction history
Hardin,joe D & Cindy L · 15 yrs held
Hardin,joe D & Cindy L
since 2011
7 recorded transactions
2023
Price N/A
2017
Price N/A
2017
Price N/A
2016
Price N/A
2011
Price N/A
2010
Price N/A
2008
Price N/A
Zoning & alternative use
9938 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.0M +44.1%
Auto repair, garage $1.6M +12.8%
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