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Days76Days on Market
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$1,300,000

13037 Quaker Avenue, Lubbock, TX, 79423

On MarketInfo
CommercialInfo
Baths0 Bath
Baths4,660 Sq Ft
BusinessBusiness
price_per_sqft$278.97 / sqft
Year BuiltBuilt in 2016

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size22,500 sqft

Building Information

Year Built2016

Land Information

APNR324878
SubdivisionKelsey Park
Land UseCommercial
Legal DescriptionKELSEY PARK TR J
Census Tract010512
Assessed Land Value$135,000
Assessed Improvement Value$894,851
Assessment Year2025

About this property

Premier fully leased office investment delivering immediate cash flow and modern appeal in a highly desirable Lubbock business corridor. Built in 2016, this multi-tenant asset offers 14 well-designed office suites with a strong anchor tenant occupying a majority of the space, providing stability and consistent income. The remaining suites are leased to a diverse tenant mix, creating a balanced and resilient rent roll. With all spaces occupied, this is a true turnkey opportunity for investors seeking a stabilized asset with proven performance. Currently generating $135,792 in annual gross income and approximately $101,025 in Net Operating Income, the property is offered at $1,300,000, reflecting an attractive 7.77% cap rate. A rare opportunity to acquire a clean, income-producing office asset with modern construction, strong tenancy, and long-term upside in the growing Lubbock market.

Investor Tools

Property Icon
$1,029,851
Estimated Property Value
$0Estimated Mortgage Balance
$344,230Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,800 /month
Positive
Cash Flow Estimate:
$2,600 /month

Interested in this property?

Lauren Egert

Reside Real Estate Co.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,233/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$21,648
$1,029,851
2025
$135,000
$894,851
$1,029,851
No

Tax History

Year
Tax Paid
Assessed Value
2024
$21,648
$1,029,851

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Centennial Bank
N/A
$684,250
N/A
First
Jun 22, 2016
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$685,621
$344,230
33%
67%
$5,003/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lubbock

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