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Property profile & analytics
FOR LEASE
Commercial real estate

3621 22Nd St Lubbock, TX 79410

18,145 SF 1.18 ac lot Built 1986
Individually Owned 17-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-1256650
Property summary
AI-generated overview

This single-story, 19,583-square-foot Class B medical office building in Lubbock, Texas, presents a unique investment opportunity. Located at 3621 22nd St., the property sits on a substantial 65,973-square-foot lot and is zoned HDR (High Density Residential). Built in 1986, the building currently features multiple tenants, with 5,174 square feet of vacant space immediately available for lease. The existing layout includes a spacious patient waiting area, eight examination rooms, and ample laboratory and office space. The flexible design allows for easy division to accommodate various tenant needs. The building offers convenient access with two front entrances and two rear entrances. This property is situated in Lubbock County, Texas, with the zip code 79410. The readily available space makes this an ideal location for expansion or a new medical practice seeking a well-established presence in a thriving community. The substantial lot size offers potential for future development or expansion. This is a rare opportunity to acquire a well-located medical office building with immediate occupancy potential.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1986
Total area 18,145 SF
Lot 1.18 ac (51,321 SF)
Zoning code 38
APN R117287
UPID US82-1256650
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
  • Brian P. Williams, MD Physician
  • Gloria Cleveland, AU Physician
  • David Tweed Physician
  • Rachael Polak Physician
  • Ximena Solis, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.16M
Blend (final) Blend
$2.12M
Owner & transaction history
Pal Rentals · 17 yrs held
Pal Rentals
since 2009
7 recorded transactions
2019
Price N/A
2019
Price N/A
2019
Price N/A
2018
Price N/A
2009
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
38 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $3.1M +74.0%
Office building $2.0M +8.8%
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More about this property
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