3214 140th st - Medical FOR SALE


Lubbock, TX 79423
$1,150,000 USD
214-287-9631
3214 140th st, Lubbock, TX for Sale
$1,150,000 USD
Medical - FOR SALE
1/20
null | Request Cap Rate

3214 140th st
Lubbock, TX 79423


HIGHLIGHTS

  • Located near 140th & Indiana with quick access to Loop 88.
  • Surrounded by new developments including police, fire, and schools.
  • Features 14 private offices, two restrooms, and a kitchenette.
  • Includes a reception area and exterior patio for added functionality.
  • Modern construction offering energy efficiency and low maintenance.
  • Ideal for medical, educational, or service-based businesses in a high-growth corridor.

OVERVIEW

Ideally located just off 140th & Indiana and minutes from Loop 88, this well-appointed office building sits in one of Lubbock's fastest-growing corridors, surrounded by new residential development, Lubbock-Cooper ISD, and key municipal services. The area's rapid expansion and strong demographics provide excellent long-term support for both investors and owner-users. The property features a highly efficient and functional layout, including 13 private offices, a large conference room, a welcoming reception area with front desk, two restrooms, and a kitchenette. The design supports a wide range of uses including medical, professional, and service-based businesses, while also allowing flexibility for multi-tenant configurations if desired. Built with modern construction and designed for low maintenance, the building offers strong curb appeal and operational efficiency. Ample parking and convenient access enhance the experience for both employees and clientele. From an investment perspective, the opportunity is equally compelling. Based on current market lease rates of $21/SF + NNN, the property is projected to generate approximately $84,903 in NOI, resulting in a stabilized cap rate of ~7.4% at the current list price. This positions the asset as a strong yield opportunity within a high-growth corridor, with additional upside through lease-up strategy or owner occupancy. Whether you're seeking a strategic investment or a place to operate your business while building equity, this property delivers a rare combination of location, flexibility, and income potential.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$284 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Viridian Estates Garden Office

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,208 SF

ZONING

-

APN/PARCEL ID

R332884

ASK ABOUT THIS PROPERTY

Lauren EgertReside Real Estate Co.More Info
214-287-9631

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Lauren EgertReside Real Estate Co.More Info
214-287-9631

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.