73-Room Branded
For Sale
Contact for pricing
5310 ENGLEWOOD AVE, Lubbock, TX 79424
Renovated guest accommodations near South Plains Mall, Texas Tech University, Covenant Health System, and Lubbock Preston Smith International Airport.
Property Size56,934 SF
Price / SF$100.12
Days on Market9
Property Features for 5310 ENGLEWOOD AVE
General Information
Standard status
Active
Size
56,934 SF
Property subtype
Hospitality
Building Details
Year Built
2004
Year Renovated
2023
Stories
3
Units
1
Listing Agency:
Tabani Realty
Listed By:
Salman Tabani · License #TX 0546558
(214) 226-7500
Source:
Crexi
Added: Aug 27
Changed: Sep 3
Last Checked: Sep 4 at 3:05PM
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 Tabani Realty
Investment Insights
Based on property information with market context.
This 73-room Best Western property contains 56,934 square feet and was built in 2004. Renovated interiors and updated finishes define the guest-facing environment, while the established brand identity supports continued hotel operations. The asset is positioned for an owner-operator or investor seeking a hospitality property with an identifiable operating platform.
The hotel is located near South Plains Mall and nearby shopping and dining. Texas Tech University and the Medical District, including Covenant Health System, are within a short drive. Additional surrounding destinations include the Buddy Holly Center, Museum of Texas Tech, McPherson Cellars Winery, Science Spectrum Museum, Main Event, Water Rampage, and Cinemark Movies 16. Lubbock Preston Smith International Airport is approximately a 20-minute drive from the property.
The hotel is located near South Plains Mall and nearby shopping and dining. Texas Tech University and the Medical District, including Covenant Health System, are within a short drive. Additional surrounding destinations include the Buddy Holly Center, Museum of Texas Tech, McPherson Cellars Winery, Science Spectrum Museum, Main Event, Water Rampage, and Cinemark Movies 16. Lubbock Preston Smith International Airport is approximately a 20-minute drive from the property.
Key Highlights
- 73‑room Best Western hotel at 5310 ENGLEWOOD AVE, LUBBOCK, TX
- 56,934 square feet of hotel improvements
- Built in 2004 with renovated interiors and updated finishes
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
$471,209
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
8.27%
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%
$9,424,180
$9.4M
Cap Rate 7%
$6,731,557
$6.7M
Cap Rate 9%
$5,235,656
$5.2M
Market Conditions
NOI Build-Up for 56,934 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
$1.13M $19.80/SF
− Vacancy
−$135.3K −$2.38/SF
EGI
$992.0K $17.42/SF
− OpEx
−$520.8K −$9.15/SF
NOI
$471.2K $8.28/SF
Area
Lubbock, TX
Vacancy
12.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
52.50%
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%
$9,424,180
Cap Rate 7%
$6,731,557
Cap Rate 9%
$5,235,656
Alternative Uses
Best Use
Hotel Hospitality
$6.73M
$5.89M – $7.85M
NOI $471,209 @ 7.0% cap · market cap 8.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.35M
$12.56M – $16.75M
NOI $1,004,726 @ 7.0% cap · market cap 17.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Explore this area
Business Placement
Demographics for 79424, TX
53,479
Population
22,800
Households
2.3
Avg Household Size
38
Median Age
47%
College-Educated
95%
High-School Grad
41.6 sq mi
ZIP Area
1,286
Density / Sq Mi
$94,703
Median Household Income
$52,417
Median Earnings
$1,151
Median Rent
$279,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Renovated guest accommodations near South Plains Mall, Texas Tech University, Covenant Health System, and Lubbock Preston Smith International Airport.
Where is this hotel located?
The property is located at 5310 ENGLEWOOD AVE Lubbock, TX.
What is the asking price?
The asking price for this property is $5,700,000.
What are key features of this property?
This property features: 73‑room Best Western hotel at 5310 ENGLEWOOD AVE, LUBBOCK, TX; 56,934 square feet of hotel improvements; Built in 2004 with renovated interiors and updated finishes
