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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

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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
1031 Exchange
Property Type
Office
Property Subtype
Medical
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
  • 1st Floor
  • 100-3,869 SF
  • Office
  • Full Build-Out
  • 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

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

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

PROPERTY TAXES

Parcel Number
R332887
Land Assessment
$82,558 (2025)
Improvements Assessment
$465,556 (2025)
Total Assessment
$548,114 (2025)
  • Listing ID: 33972779

  • Date on Market: 11/22/2024

  • Last Updated:

  • Address: 3204 140th St, Lubbock, TX 79423

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