Property profile

4412 50Th St Lubbock, TX 79414

FOR SALE
Strip malls
Property ID
US82-3560874
2,400 SF 0.16 ac lot Built 1970
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,400-square-foot storefront, located at 4412 50th Street in Lubbock, Texas, presents a compelling owner-user investment opportunity. The property, built in 1984 and renovated in 2019, is currently vacant and offers significant potential for a variety of retail businesses. Situated on a 0.15-acre lot, the single-story building boasts excellent visibility and high traffic counts, making it an ideal location for attracting customers. The asking price is $235,000, translating to $97.92 per square foot. The property's Class C designation reflects its solid construction and functionality. This is a single-unit building with 2,400 square feet of net rentable space. The property's location in Lubbock County, Texas, zip code 79414, offers access to a thriving local economy. This is a for-sale-by-owner opportunity to acquire a well-maintained retail space with significant upside potential in a desirable location. The property's adaptable layout allows for customization to suit various commercial needs. Don't miss this chance to own a piece of Lubbock's vibrant commercial landscape.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1970
Total area 2,400 SF
Lot 0.16 ac (6,780 SF)
Zoning code 38
APN R25893
UPID US82-3560874

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Barber Shop
  • Take-out & Catering
  • Tattoo & Piercing Shop

Location

4412 50Th St Lubbock, TX 79414
Lubbock metro Census 1806 LUBBOCK, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2016
3 recorded transactions
2016
Price N/A
2016
Price N/A
2014
Price N/A

Zoning & alternative use

38 · Lubbock, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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