4031 112Th StLubbock, TX 79423

Property Details for 4031 112Th St

Year built

2020

Lot size

0.15 AC

Property size (Sq ft)

3,511 SF

Property type

Office buildings

APN

R332101

APU

R332101

Description

This exceptional Class A office space, totaling 3,511 square feet, is available for lease in a prime South Lubbock location at 4031 112th St, Lubbock, TX 79423. Built in 2020, this single-tenant, single-story building sits on a 6,543 square foot lot (APN: R332101, Lubbock County). The property boasts attractive brick detailing and offers a highly functional layout perfect for a variety of professional businesses. The interior features ten private offices, providing ample space for individual work and collaboration. A large conference room is ideal for meetings and presentations, while a dedicated breakroom and two open work areas cater to employee comfort and productivity. This location in a high-growth area of South Lubbock offers unparalleled convenience for both clients and employees, ensuring easy access and high visibility. The property's modern design and prime location make it an exceptional opportunity for businesses seeking a well-appointed and efficient workspace. This is a single-tenant occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $520,888

  6.5%

  $480,820

  7%

  $446,475

• Comparable approach

  Method

  Valuation

  Relative Method

  $313,238

  Geo Method

  $422,444

• Alternative Use

  Use

  Valuation

  Residential

  $596,216

  Hospitality

  $546,131

  Educational

  $454,375

  Medical

  $470,001

  Retail

  $706,805

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.4924

Longitude

-101.904

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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