About This Home

This 0-bedroom, 0-bathroom commercial at 5241 98th Street in Lubbock, TX is listed for $3,900,000 ($253 per sqft). Built in 2016, the home offers 15,436 sqft of living space on a 1.95 acres lot.

Key Features

  • Built in 2016
  • 1.95 acre lot
  • 78 parking spaces

Property Details

1 story
78 spaces
2016
Listing Description

Southwest Lubbock Executive Office Investment offers the opportunity to acquire a stabilized Class A office asset in one of Lubbock's most dynamic commercial growth corridors. Completed in 2016, the 15,436-square-foot building is fully leased through December 2030 to a well-established professional services tenant under a favorable modified gross lease structure.

The property combines predictable income, exceptional physical quality, strong visibility, and an efficient headquarters-style layout. A separately leased 1,343-square-foot office suite provides additional revenue and future flexibility. The property was purpose-built as a corporate headquarters and reflects institutional-quality design and construction.

The efficient floor plan includes more than twenty private offices, four executive offices, a dramatic reception lobby, executive conference room, large training facility, open collaborative workspace, kitchen and break areas, enclosed courtyard, and a separately accessed office suite.

The building has been meticulously maintained and presents exceptionally well for continued use as a headquarters facility or long-term investment asset. The property is positioned on 98th Street within Southwest Lubbock, one of the city's fastest-growing commercial districts.

Nearby development includes regional medical facilities, banks, restaurants, retail centers, hospitality, professional offices, a golf course, and thousands of surrounding residential rooftops. Traffic counts of approximately 13,000-16,000 vehicles per day on 98th Street, combined with more than 41,000 vehicles per day near the Milwaukee Avenue corridor, provide outstanding visibility and accessibility.

Monthly Cost Estimate

$20,858/mo

20% down · 6.5% · 30 years

Principal$2,821
Interest$16,900
Insurance$1,138

Estimates only. Actual payments may vary.

Location

5241 98th Street

Lubbock, TX 79424

Property Details

Parking

Parking Lot

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 5241 98th Street is listed at $3,900,000 ($253/sqft). The estimated monthly payment is $20,859 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2016, 1.95 acre lot, 78 parking spaces.

This property is listed by Kim Flenniken and can be reached at 8067907142.

KF

Kim Flenniken

License 0448062

Agent at Kim & Company, REALTORS

(806) 790-7142

Listed by Kim & Company, REALTORS · Broker phone: 806-790-7142

MLS# 202610137· Source: Lubbock Association of Realtors· 87 days on PropertySimple

Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5241 98th Street, Lubbock, TX 79424

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