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3204 140th St 3,869 SF Office Building Lubbock, TX 79423 $1,103,000 ($285.09/SF) 7.72% Cap Rate



INVESTMENT HIGHLIGHTS
- Interior Locking Doors
- 20 min fire-rated doors
- CAT 6 Ethernet Cables
- Additional plumbing in the wall of 8 of 11 offices is available
EXECUTIVE SUMMARY
Brand new construction Smart garden office located on a large corner lot at Indiana and 140th Street. Ideal usage for insurance agents, general office use, medical, law, real estate, salons, wellness centers, chiropractic, and IT firms. Just south of the new Outer Loop 88 in a highly developing area, adjacent to the new Lubbock Copper ISD administration offices and Lubbock Police South Station. This smart brick construction farmhouse style office with reception includes 11 twenty minute fire rated lockable executive offices, one large conference room, lobby area with upper walls plugs for TVs, two ADA restrooms, a break area with a kitchenette, lockable IT storage closet, Nest thermostats, Cat 6 cables ensuring fast internet, beautiful black, white, and natural wood finishes, granite countertops, state-of-the-art solid core twenty-minute fire rated doors with private locks included, and a north facing fenced covered back patio. Eight offices plus a multi-use conference room have 2X6 plumbed walls that may provide water needs upon request. Completing the office is an overabundance of parking with 25 spaces for your employees' and clients' needs.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$106,398
|
$27.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$106,398
|
$27.50
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$21,280
|
$5.50
|
| Net Operating Income |
$85,118
|
$22.00
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $106,398 |
| Annual Per SF | $27.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $106,398 |
| Annual Per SF | $27.50 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $21,280 |
| Annual Per SF | $5.50 |
| Net Operating Income | |
|---|---|
| Annual | $85,118 |
| Annual Per SF | $22.00 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
3,869 SF
Building Class
B
Year Built
2025
Price
$1,103,000
Price Per SF
$285.09
Cap Rate
7.72%
NOI
$85,118
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,869 SF
Building FAR
0.16
Lot Size
0.54 AC
Zoning
OF - City of Lubbock Uniform Zoning Code OF- Office
Parking
25 Spaces (6.46 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Reception
- Storage Space
- Air Conditioning
- Fiber Optic Internet
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Interior Locking Doors, CAT 6 Ethernet Cables, 20 min fire-rated doors. Additional plumbing in the wall of 8 of 11 offices is available
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 100-3,869 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 100-3,869 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 100-3,869 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Interior Locking Doors, CAT 6 Ethernet Cables, 20 min fire-rated doors. Additional plumbing in the wall of 8 of 11 offices is available
PROPERTY TAXES
| Parcel Number | R332887 | Improvements Assessment | $465,556 (2025) |
| Land Assessment | $82,558 (2025) | Total Assessment | $548,114 (2025) |
PROPERTY TAXES
Parcel Number
R332887
Land Assessment
$82,558 (2025)
Improvements Assessment
$465,556 (2025)
Total Assessment
$548,114 (2025)
1 of 18
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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3204 140th St
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