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$960,340

NAL Estimated Property Value

5008 122nd St, Lubbock, TX, 79424

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths4,687 Sq Ft
OfficeOffice
price_per_sqft$170.67 / sqft
Year BuiltBuilt in 2018

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringVinyl

Exterior

Lot Size23,983 sqft

Building Information

Year Built2018

Land Information

APNR326849
SubdivisionOakmont Office Park
Land UseCommercial
Legal DescriptionOAKMONT OFFICE PARK TR F
Census Tract010512
Assessed Land Value$119,915
Assessed Improvement Value$840,425
Assessment Year2025

About this property

This newly-constructed garden office features designer-inspired finishes with an eye-catching elevation and a stunning exterior finish out. The attached floorplan features a split building that can be changed or amended based on buyers needs, wants or desires. Each unit (side) features 10 Standard Office Spaces, 2 Master Offices, 2 Conference Rooms, 1 Reception area, File room/Copy room, 1 shared kitchen that can be converted into 2 (one for each side). This beautiful building also comes fully landscaped in one of the hottest, most desirable locations backing Oakmont Estates off of Slide Road on 122nd Street. Have your own ideas or needs? Please let us know, we will work for you!

Investor Tools

Property Icon
$960,340
Estimated Property Value
$646,412Estimated Mortgage Balance
$313,928Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,762 /month
Positive
Cash Flow Estimate:
$1,921 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,060/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,922
$960,340
2025
$119,915
$840,425
$960,340
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,922
$960,340

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lubbock National Bank
Commercial
$700,000
No
First
Apr 21, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$646,412
$313,928
32%
67%
$4,197/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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5008 122nd St | Property Details | No Agent List