Medical Office
New
For Sale
$5,480,000
3721 50th St, Lubbock, TX 79413
Medical office offering associated with Action Behavior Centers, an ABA therapy provider operating across multiple states.
Property Size11,430 SF
Price / SF$479.44
Days on Market4
Property Features for 3721 50th St
General Information
Standard status
Active
Size
11,430 SF
Property subtype
Single-Tenant Office Medical
Lease Type
NNN
Additional Details
Cap Rate
7.35%
Amenities
Six Years Remaining on Triple-Net (NNN) Lease with Corporate Guaranty
Annual Rental Increases with Multiple Renewal Options
Growing Tenant - Action Behavior Centers has More Than 350 Locations
Private Equity Firm CharlesBank Acquired Action Behavior Centers in 2022 (Valued at $840M at the Time of Sale, and Continuing to Grow)
Densely-Populated Lubbock Trade Area - Approximately 245,675 Residents within a Five-Mile Radius
Average Household Income Exceeds $87,000 within the Immediate Area
Excellent Frontage Along 50th Street (Approximately 25,880 Cars per Day), Easily Accessible via Interstate 27 and TX 289 Loop
Centrally Located within a 10-Minute Drive of South Plains Mall, Downtown Lubbock, and Texas Tech University
Building Details
Building Size
11,430 SF
Listing Agency:
Marcus & Millichap - Phoenix
Listed By:
Chris Lind · License #License(s): AZ: SA627823000
(602) 687-6780
Source:
Marcusmillichap
Added: Sep 13
Changed: Sep 15
Last Checked: Sep 16 at 12:39PM
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 Marcus & Millichap - Phoenix
Investment Insights
Based on property information with market context.
This 11,430-square-foot medical office property is associated with Action Behavior Centers, an Applied Behavior Analysis provider serving children on the autism spectrum. The organization operates across Texas, Arizona, Colorado, Illinois, North Carolina, and Minnesota, with more than 350 locations and a professional community exceeding 14,000 autism specialists.
The property is located at 3721 50th St in Lubbock, Texas. Lubbock is the county seat of Lubbock County and serves as a regional center for education, health care, oil, and cotton production. The surrounding metro is identified as having an estimated population of 329,000.
The property is located at 3721 50th St in Lubbock, Texas. Lubbock is the county seat of Lubbock County and serves as a regional center for education, health care, oil, and cotton production. The surrounding metro is identified as having an estimated population of 329,000.
Key Highlights
- 11,430‑square‑foot medical office property
- Associated with Action Behavior Centers, an ABA therapy provider
- Action Behavior Centers operates in Texas, Arizona, Colorado, Illinois, North Carolina, and Minnesota
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$153,523
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,070,460
$3.1M
Cap Rate 7%
$2,193,186
$2.2M
Cap Rate 9%
$1,705,811
$1.7M
Market Conditions
NOI Build-Up for 11,430 SF
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.
Gross rent
$281.2K $24.60/SF
− Vacancy
−$25.3K −$2.21/SF
EGI
$255.9K $22.39/SF
− OpEx
−$102.3K −$8.95/SF
NOI
$153.5K $13.43/SF
Area
Lubbock, TX
Vacancy
9.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,070,460
Cap Rate 7%
$2,193,186
Cap Rate 9%
$1,705,811
Alternative Uses
Best Use
Healthcare Medical
$2.19M
$1.92M – $2.56M
NOI $153,523 @ 7.0% cap · market cap 2.80%
Second Best
Office B
$2.13M
$1.87M – $2.49M
NOI $149,419 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,707 @ 7.0% cap · market cap 3.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79413, TX
20,962
Population
9,590
Households
2.2
Avg Household Size
35
Median Age
35%
College-Educated
91%
High-School Grad
4.7 sq mi
ZIP Area
4,460
Density / Sq Mi
$67,062
Median Household Income
$38,004
Median Earnings
$1,325
Median Rent
$195,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office offering associated with Action Behavior Centers, an ABA therapy provider operating across multiple states.
Where is this medical office space located?
The property is located at 3721 50th St Lubbock, TX.
What is the asking price?
The asking price for this property is $5,480,000.
What are key features of this property?
This property features: 11,430‑square‑foot medical office property; Associated with Action Behavior Centers, an ABA therapy provider; Action Behavior Centers operates in Texas, Arizona, Colorado, Illinois, North Carolina, and Minnesota
