Medical Office
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 Market50
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, NC: LC1060
(602) 687-6780
Source:
Marcusmillichap
Added: Sep 13
Changed: Oct 25
Last Checked: Nov 1 at 2:22AM
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
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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 / Yr
$153,523
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Under-served
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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
