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    5009 University Ave Lubbock, TX 79413

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    For Sale
    $499,000

    Centrally located office building with high traffic and accessibility.

    Property size:
    11,668 SF
    Lot size:
    0.86 Acres

    Property Features for 5009 University Ave

    General Information

    Size
    11,668 SF
    Lot size
    0.86 Acres

    Source: The Powell Group Agent David Powell, CCIM

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

    Overview

    University Avenue Office Building

    Located centrally off the corner of 50th Street and University Avenue in a well-established Lubbock location, this property offers an 11,668 square foot office building. The building could accommodate educational offices, individual professional suites, industrial uses, retail, or other needs. The facility includes front door parking with 23 spaces. It is located near commerce and retail areas, with easy access to nearby freeways and a short distance to Texas Tech University.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Digital Impact Designs Internet Marketing Service Dr. Gaylon B. ... Orthopedic Surgeon Plains Diagnostics Radiotherapist Michael Shobe Audiologist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.870158
    Latitude
    33.5480259

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    FAQs

    What type of property is this?
    Office building - Centrally located office building with high traffic and accessibility.
    Where is this office building located?
    The property is located at 5009 University Ave Lubbock, TX.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - High-traffic, central location at the corner of 50th St and University Ave.; - Priced below land value.; - Large 11,668 sq ft office building suitable for various uses.
    (806) 239-0804
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    5009 University Ave Lubbock, TX 79413
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    Lubbock, TX 79413
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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
    5009 University Ave Lubbock, TX 79413
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