Listed by Coldwell Banker Commercial Capital Advisors
$499,999
7412 82nd St
Details
Property Type Office
Square Footage 4,961
NOI $17,907
Occupancy 67.75%
Tenancy Multi
Lease Type Modified
Broker Co-Op Yes
Year Built 1986
Buildings 1
Stories 1
Lot Size (SqFt) 10,357
Zoning Low Density Single Family
Investment Type Value Add
Tenant Credit No Credit Rating
Office | 4,961 SqFt
Marketing description
Located in the heart of the South Plains region of Texas, Lubbock is a vibrant city known for its deep musical heritage, thriving economy, and strong sense of community. With a population of over 260,000, it is the 11th most populous city in Texas and serves as a major center for education, agriculture, and healthcare.
Lubbock was founded in 1890 and named after Thomas Saltus Lubbock, a Texas Ranger. The city has grown significantly over the years, developing into an important hub for the region. Lubbock is often referred to as the "Hub City" because of its status as an economic, educational, and healthcare center for West Texas.
Agriculture has historically been the backbone of Lubbock’s economy, particularly cotton production. In recent years, however, the city has diversified into healthcare, technology, and energy sectors. The Covenant Health System and UMC Health System are major employers, alongside companies in wind energy and agribusiness.
Some tenants are on month-to-month lease structures.
Below market rents.
Lease up potential for added value.
Listing Contacts
Listed by Coldwell Banker Commercial Capital Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$17,907.00
$1,492.25/mo
Valuation Metrics
0
DSCR
3.58%
Cap Rate
3.58%
ROI
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