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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

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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.

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
1031 Exchange
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
  • 1st Fl-Ste 800
  • 2,620 SF
  • Office
  • Full Build-Out
  • Mar 2026
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

1st Fl-Ste 800

Size 2,620 SF
Space Use Office
Condition Full Build-Out
Available Mar 2026

  • Listing ID: 39503239

  • Date on Market: 2/20/2026

  • Last Updated:

  • Address: 11702 Frankford Ave, Lubbock, TX 79424

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