Property profile

4521 114Th St Lubbock, TX 79424

OFF-MARKET
Retail properties & Spaces
Property ID
US82-0722300
Entity Owned 2-yr Hold
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Property summary

AI-generated overview

This exceptional 2,264 square foot single-tenant office building is situated in the vibrant Vintage Office Park, conveniently located near the southwest corner of 114th Street and Quaker Avenue in southwest Lubbock. Its prime location offers unparalleled accessibility, positioned immediately west of HEB, ensuring high visibility and convenient access for clients and employees. The building boasts gorgeous luxury finishes throughout, creating a sophisticated and professional atmosphere. The functional layout includes seven individual offices, providing ample space for a variety of business needs. A dedicated coffee/break room offers a comfortable space for staff relaxation and collaboration. Enjoy the added benefit of a private patio, perfect for outdoor breaks or informal meetings. The property includes five parking spaces for convenient access. The annual property taxes are $3.50 per square foot, and the triple net (NNN) rent is $5.50 per square foot. This turnkey solution offers a rare opportunity to establish a thriving business in a highly desirable location. The building's modern design and premium amenities make it an ideal space for a variety of professional uses, including traditional office, executive office, or medical office settings.

Property profile

Verified
Property type Retail properties & Spaces
UPID US82-0722300

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency

Location

4521 114Th St Lubbock, TX 79424
Lubbock metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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