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BLDG 800 11702 Frankford Ave 2,620 SF Office Building Lubbock, TX 79424 $820,000 ($312.98/SF) 7.03% Cap Rate



Executive Summary
Modern Garden Office – For Sale or Lease11702 Frankford Ave, BLDG 800, Lubbock, TX 79424Located in South Lubbock’s Premier Paradise Business Park
Now pre-leasing and pre-selling a premium, under-construction garden-style executive office space in the thriving Paradise Business Park in South Lubbock. This 2,620 SF single-use office combines style, functionality, and flexibility — perfect for medical, insurance, chiropractic, or other professional services.
Key Features:
Estimated Completion: March 2026
Style: Modern Farmhouse with cedar accents & abundant natural light
Layout: 8 private executive offices, large conference room with double French doors, spacious lobby with reception desk
Additional Rooms: IT/storage closet, work/copy room, kitchenette, 2 ADA-compliant restrooms
Smart Features: Nest thermostats, executive-style finishes throughout
Utility Ready: Additional water and drain connections in interior walls for medical or specialty build-out flexibility
Parking: Ample shared parking within Paradise Business Park
Pricing Options:
For Sale: $820,000
For Lease: $22/SF/YR + $5.50/SF/YR NNN
This is an outstanding opportunity to establish your business in a fast-growing, professional corridor with easy access to major roads, upscale neighborhoods, and Lubbock’s expanding south side.
Contact us today to schedule a site tour or to reserve this space for your future headquarters.
Now pre-leasing and pre-selling a premium, under-construction garden-style executive office space in the thriving Paradise Business Park in South Lubbock. This 2,620 SF single-use office combines style, functionality, and flexibility — perfect for medical, insurance, chiropractic, or other professional services.
Key Features:
Estimated Completion: March 2026
Style: Modern Farmhouse with cedar accents & abundant natural light
Layout: 8 private executive offices, large conference room with double French doors, spacious lobby with reception desk
Additional Rooms: IT/storage closet, work/copy room, kitchenette, 2 ADA-compliant restrooms
Smart Features: Nest thermostats, executive-style finishes throughout
Utility Ready: Additional water and drain connections in interior walls for medical or specialty build-out flexibility
Parking: Ample shared parking within Paradise Business Park
Pricing Options:
For Sale: $820,000
For Lease: $22/SF/YR + $5.50/SF/YR NNN
This is an outstanding opportunity to establish your business in a fast-growing, professional corridor with easy access to major roads, upscale neighborhoods, and Lubbock’s expanding south side.
Contact us today to schedule a site tour or to reserve this space for your future headquarters.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$72,050
|
$27.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,050
|
$27.50
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$14,410
|
$5.50
|
| Net Operating Income |
$57,640
|
$22.00
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $72,050 |
| Annual Per SF | $27.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $72,050 |
| Annual Per SF | $27.50 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $14,410 |
| Annual Per SF | $5.50 |
| Net Operating Income | |
|---|---|
| Annual | $57,640 |
| Annual Per SF | $22.00 |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
2,620 SF
Building Class
A
Year Built
2026
Construction Status
Under Construction
Price
$820,000
Price Per SF
$312.98
Cap Rate
7.03%
NOI
$57,640
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,620 SF
Building FAR
0.29
Lot Size
0.21 AC
Zoning
C1 - Real Commerical
Parking
6 Spaces (2.29 Spaces per 1,000 SF Leased)
Amenities
- Fenced Lot
- Signage
- Wheelchair Accessible
- Reception
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 800 | 2,620 SF | Office | Full Build-Out | Mar 2026 |
1st Fl-Ste 800
| Size |
| 2,620 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Mar 2026 |
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Videos
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Map
1st Fl-Ste 800
| Size | 2,620 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Mar 2026 |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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BLDG 800 | 11702 Frankford Ave
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