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    1516 53Rd St, Unit | Lubbock Lubbock, TX 79412

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    For Sale
    $990,000

    Educational facility featuring classrooms, gym, dining area, and outdoor amenities.

    Property size:
    45,789 SF

    Property Features for 1516 53Rd St

    General Information

    Size
    45,789 SF

    Source: Crystal H. Edwards Agent Crystal H. Edwards

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Converted Educational Facility with Outdoor Space

    This specialty building, originally a warehouse, was converted into an educational facility in 2008. The property features two floors of classrooms, a gymnasium, and a large open dining area. An elevator provides access between floors. The facility includes administrative offices located on the west end of the building and numerous restrooms. Outdoor amenities include a covered learning area, a greenhouse and garden on a lot to the northwest, and a sports court and playground on two lots to the northeast. A gated parking lot is also present. The property is located east of Avenue Q on 53rd Street and has a property size of 45789 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.851994
    Latitude
    33.546339

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    FAQs

    What type of property is this?
    School - Educational facility featuring classrooms, gym, dining area, and outdoor amenities.
    Where is this school located?
    The property is located at 1516 53Rd St, Unit | Lubbock Lubbock, TX.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: - Converted warehouse with existing educational facility infrastructure including classrooms, gym, and dining area.; - Multiple outdoor learning and recreational spaces: covered area, greenhouse & garden, sports court, and playground.; - Features a gated parking lot.
    (806) 786-7374
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    1516 53Rd St, Unit | Lubbock Lubbock, TX 79412
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1516 53Rd St, Unit | Lubbock Lubbock, TX 79412
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