13033 Quaker AveLubbock, TX 79423

Property Details for 13033 Quaker Ave

Year built

2014

Lot size

0.52 AC

Property size (Sq ft)

6,021 SF

Property type

Office properties

Property subtype

Office buildings

APN

R324877

APU

R324877

Description

This exceptional 6,038 square foot office building in Lubbock County offers a fantastic opportunity for businesses seeking flexible and adaptable workspace. Located in a rapidly developing area of South Lubbock, just south of the new Loop 88, this property boasts convenient access for employees and clients alike. The building comprises two distinct suites, each featuring private offices and versatile work areas, perfect for a variety of business needs. A shared reception area, conference room, and restrooms add to the professional atmosphere. Each suite offers a minimum of 2,620 square feet, with the option to lease both suites contiguously for a total of 6,038 square feet. This presents a unique opportunity for businesses requiring either individual suites or a larger, combined space. The entire building is currently vacant, providing immediate occupancy for the successful tenant. The property's location in a high-growth area of South Lubbock ensures strong visibility and accessibility, making it an ideal location for businesses seeking to establish or expand their presence in the thriving Lubbock market. The building's design incorporates a beautiful garden aesthetic, creating a pleasant and productive work environment. This is a rare opportunity to secure a well-appointed, conveniently located office space in a desirable area of Lubbock.

• CAP approach

  CAP return

  Valuation

  6%

  $893,269

  6.5%

  $824,556

  7%

  $765,659

• Comparable approach

  Method

  Valuation

  Relative Method

  $537,171

  Geo Method

  $724,447

• Alternative Use

  Use

  Valuation

  Residential

  $1,022,449

  Hospitality

  $936,558

  Educational

  $779,205

  Medical

  $806,003

  Retail

  $1,212,097

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.4738

Longitude

-101.904

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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