4,660 sqft

$1,200,000

13037 Quaker Avenue, Lubbock TX, 79423

Price per sqft$257.51

Built in2016

Property size4,660 sqft

Property typeCommercial

Overview

Active

Listed Apr 1, 2026

Updated 3 weeks ago

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.

Additional information

MLS^® ID: 202604211

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.52 Acres

Other Property Details

Taxes: $21,309
Tax Frequency: Annually

Courtesy of Lauren Egert with Reside Real Estate Co.
Listing Contact: 214-287-9631

Based on information from the Lubbock Association of REALTORS® as of 9/25/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.