Freestanding Restaurant with
For Sale
Contact for pricing
4926 50th St, Lubbock, TX 79414
Freestanding restaurant with drive-thru on high-traffic 50th Street.
Property Size2,065 SF
Price / SF$278.45
Days on Market665
Property Features for 4926 50th St
General Information
Standard status
Active
Size
2,065 SF
Property subtype
Retail
Building Details
Year Built
1969
Listing Agency:
Keller Williams Realty
(806) 239-0804
Listed By:
David Powell · License #TX 257988
Source:
Crexi
Added: Oct 4, 2024
Changed: Jul 6
Last Checked: Jul 30 at 6:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
This freestanding restaurant property, formerly a Pizza Hut, is available for sale or lease in Lubbock, Texas. Zoned Neighborhood Commercial, the property is situated on 50th Street near Slide Road in a high-traffic location. The building is 2,065 square feet and includes a drive-thru window and 19 dedicated parking spaces. The seller is willing to sell the property as-is. This property is ideally positioned for restauranteurs or other business investors seeking an established, well-located site to grow market share.
Key Highlights
- High‑traffic location on 50th Street near Slide Road
- Freestanding restaurant property with drive‑thru window
- Zoned Neighborhood Commercial
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.5k | $16.20 |
| − Vacancy | −$2.3k | −$1.13 |
| EGI | $31.1k | $15.07 |
| − OpEx | −$7.8k | −$3.77 |
| NOI | $23.3k | $11.30 |
2,065 SF · lease $16.20/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$333.3K
$291.7K – $388.9K
NOI $23,333 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$520.6K
$455.5K – $607.4K
NOI $36,441 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
62k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 91%
Apparel 9%
Home Improvements & Furnishings 1%
Whataburger
Dining
21,841 visits/mo
0.2 miles
SONIC Drive In
Dining
19,518 visits/mo
0.4 miles
Denny's
Dining
8,548 visits/mo
0.4 miles
Taco Bell
Dining
6,219 visits/mo
0.3 miles
Once Upon A Child
Apparel
5,300 visits/mo
0.1 miles
Demographics for 79414, TX
17,537
Population
9,219
Households
1.9
Avg Household Size
32
Median Age
25%
College-Educated
89%
High-School Grad
3.2 sq mi
ZIP Area
5,480
Density / Sq Mi
$49,637
Median Household Income
$32,127
Median Earnings
$1,100
Median Rent
$150,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding restaurant with drive-thru on high-traffic 50th Street.
Where is this drive through restaurant located?
The property is located at 4926 50th St Lubbock, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: High‑traffic location on 50th Street near Slide Road; Freestanding restaurant property with drive‑thru window; Zoned Neighborhood Commercial
