13037 Quaker Avenue, Lubbock, TX 79423
13037 Quaker Avenue, Lubbock, TX 79423
13037 Quaker Avenue, Lubbock, TX 79423
13037 Quaker Avenue, Lubbock, TX 79423
13037 Quaker Avenue, Lubbock, TX 79423
13037 Quaker Avenue, Lubbock, TX 79423
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Courtney Bartosh

Courtney Bartosh

+1(806) 781-9476
$ 1,200,000
Est. payment | /mo

4,660 SqFt

Save
$ 1,200,000
Est. payment | /mo
Save

4,660 SqFt

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 4,660 sqft

Price per Sqft $257

MLS Listing ID 202604211

Year Built 2016

Annual Tax Amount $21,309

Lot Size 0.517 Acres

Acres 0.52

Property Sub-Type Business

Source Lubbock Association of REALTORS®

Property Description

Fully leased office investment featuring 14 total suites, providing stable and diversified income across multiple tenants. Current gross annual income is $135,792 with verified operating expenses of $34,767, resulting in a Net Operating Income (NOI) of $101,025. At the new list price of $1,200,000, the property is performing at an attractive 8.42% cap rate. Leases are structured as full-service (gross), with landlord covering utilities, maintenance, and common expenses. Expense ratio is approximately 25.6%, supported by actual financials. Anchor tenant contributes to janitorial, helping offset operating costs. Constructed in 2016, the property offers modern improvements and minimal near-term capital expenditure expectations. Ideal for investors seeking a stabilized, low-maintenance asset with immediate cash flow and potential upside through future rent growth or expense efficiencies.

Location

State TX

County Lubbock

Area 11

Rooms

Basement Basement

Interior

Heating Central

Cooling Central Air

Exterior

Roof Type Composition

Building

Lot Description Paved, Level

Story 1

Foundation Slab

Level or Stories true

New Construction No

Others

Tax ID R324878

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Listed by Reside Real Estate Co.

Nearby Locations

Courtney Bartosh

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(806) 781-9476

courtneybartosh5@gmail.com

8 W Lakeshore Dr Ransom Canyon, TX 79366, Ransom Canyon, Texas 79366, USA

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13037 Quaker Avenue