Property profile

6102 Chicago Ave Lubbock, TX 79424

FOR LEASE
Office buildings
Property ID
US83-3050027
10,404 SF 1.32 ac lot Built 1989
Entity Owned 13-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A, multi-tenant office building, located at 6102 Chicago Ave, offers two immediately available executive office suites ranging from 1,298 to 2,042 square feet. Built in 1986 and extensively renovated in 2019, the property boasts a total of 10,404 square feet, with 1,062 square feet currently vacant. The building is meticulously maintained and features convenient amenities including shared restrooms and a break room, catering to the needs of its tenants. Its strategic location at the intersection of Chicago Avenue and the S Loop 289 frontage road provides excellent visibility and accessibility. The NC (Neighborhood Commercial) zoning ensures a versatile environment for various business types. Ample on-site parking is available for tenants and their clients, adding to the property's overall convenience and appeal. This is a rare opportunity to secure high-quality office space in a desirable location with modern updates and a strong tenant base. The building's well-maintained condition and prime location make it an ideal choice for businesses seeking a professional and efficient workspace. The available suites are ready for immediate occupancy, offering a seamless transition for businesses looking to expand or relocate. Contact us today to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Total area 10,404 SF
Lot 1.32 ac (57,396 SF)
Zoning code 38
APN R55010
UPID US83-3050027

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
  • Electrical Service General Contractor
  • Law Firm
  • Bank Credit Union
  • Financial Advisor
  • Car Dealership

Location

6102 Chicago Ave Lubbock, TX 79424
Lubbock metro Census 1712 LUBBOCK, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$440k
CAP Approach CAP
by Request
Comparable Approach Comparable
$626k
Blend (final) Blend
$535k

Owner & transaction history

since 2013
6 recorded transactions
2022
Price N/A
2018
Price N/A
2013
Price N/A
2008
Price N/A
2007
Price N/A
2006
Price N/A

Zoning & alternative use

38 · Lubbock, TX

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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