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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3206 140Th St Lubbock, TX 79423

    • Commercial real estate
    • 4,508 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0012294
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3206 140Th St

    Year built
    2024
    Property size
    4,508 SF
    Property type
    Commercial real estate

    Description

    This exceptional Class A office duplex, newly constructed in 2024, presents a unique investment opportunity in Lubbock County. Located on South Indiana Ave, this single-story building boasts a total of 4,508 square feet, divided into two equally sized suites (approximately 2,229 - 2,279 sq ft each). Each suite features a thoughtfully designed layout, including seven private offices, a dedicated conference room, and a welcoming reception area. The contemporary architecture and high-end finishes create a sophisticated and inspiring work environment. Premium materials and meticulous attention to detail are evident throughout. The property sits on a substantial 21,811 square foot lot, zoned for office use (Office(OF)), providing ample space and parking. The property's APN is R332886. This is an ideal opportunity for businesses seeking modern, efficient, and well-appointed office space in a prime Lubbock location. The building's single-story design offers easy accessibility and functionality. This turnkey solution is ready for immediate occupancy. Invest in this exceptional property and enjoy the benefits of a brand-new, high-quality office space in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8849819
    Latitude
    33.466664

    Comparable in this City

    • $26 SF/Yr
      2,062 SF

      Modern Lubbock Office Space

      2,062 SF, Class A, Single Tenant
      2523 86Th St, Lubbock, TX 79423
      View Details
    • $19 SF/Yr
      42,420 SF

      Village Shopping Center: Lubbock, TX

      Retail & Office Space Available
      4414 82Nd St, Lubbock, TX 79423
      View Details
    • $22 SF/Yr
      3,869 SF

      South Lubbock Smart Office Building

      New construction, 3869 sq ft office space
      3204 140Th St, Lubbock, TX 79423
      View Details
    • $6 SF/Yr
      6,033 SF

      HQ Pyramid Plaza: Lubbock Office Space

      Flexible Offices, Lubbock, TX
      3223 Loop 289, Lubbock, TX 79423
      View Details
    • $3,250 /Mo
      4,323 SF

      Modern Office Space Sublease

      Modern office space for sublease, ideal for professional or medical use.
      Lubbock, TX 79423
      View Details
    • $18 SF/Yr
      3,070 SF

      Professional Office Space in Lubbock

      Well-designed office space in a quiet, established office park.
      7820 Orlando Ave, Lubbock, TX 79423
      View Details

    Similar Nearby for Sale

    • $678,600
      2,262 SF

      Class A Office Building, Lubbock, TX

      New 2,262 SF Office, South Lubbock
      13918 Indiana Ave, Lubbock, TX 79423
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    • $681,000
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      Lubbock Office Building: For Sale/Lease

      New Construction, 2270 SF Office Space
      13916 Indiana Ave, Lubbock, TX 79423
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    • Contact for pricing
      4,000 SF

      South Lubbock Medical Office

      1+ Acre Medical Office Building, Vacant
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    • $489,500
      3 SF

      Freestanding Office Building on 74th

      Freestanding office building with drive-through access and abundant parking.
      2599 74Th St, Lubbock, TX 79423
      View Details
    • $1,461,900
      4,873 SF

      Luxury Lubbock Executive Offices

      Prime 4,873 SF Office, Vacant, $1.46M
      4007 98Th St, Lubbock, TX 79423
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    • $38,000
      9,790 SF

      Lubbock Commercial Land: $38K

      Prime Lubbock office land, 9,790 sq ft.
      1522 82Nd St, Lubbock, TX 79423
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      2,062 SF

      Modern Lubbock Office Space

      2,062 SF, Class A, Single Tenant
      2523 86Th St, Lubbock, TX 79423
      View Details
    • $19 SF/Yr
      42,420 SF

      Village Shopping Center: Lubbock, TX

      Retail & Office Space Available
      4414 82Nd St, Lubbock, TX 79423
      View Details
    • $22 SF/Yr
      3,869 SF

      South Lubbock Smart Office Building

      New construction, 3869 sq ft office space
      3204 140Th St, Lubbock, TX 79423
      View Details
    • $6 SF/Yr
      6,033 SF

      HQ Pyramid Plaza: Lubbock Office Space

      Flexible Offices, Lubbock, TX
      3223 Loop 289, Lubbock, TX 79423
      View Details
    • $3,250 /Mo
      4,323 SF

      Modern Office Space Sublease

      Modern office space for sublease, ideal for professional or medical use.
      Lubbock, TX 79423
      View Details
    • $18 SF/Yr
      3,070 SF

      Professional Office Space in Lubbock

      Well-designed office space in a quiet, established office park.
      7820 Orlando Ave, Lubbock, TX 79423
      View Details
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    Lubbock, TX 79423
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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