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    5609 50Th St Lubbock, TX 79414

    For Sale
    $237,355

    Prime Lubbock Commercial Land, 14,835 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 14,835 square foot commercial land parcel, located within the prestigious Dominion Office Park in Lubbock, Texas, presents a unique investment opportunity. Designated by APN R351373 and zoned G-O, this lot is ideally suited for development. The asking price is $237,355, translating to a land value of $16 to $18 per square foot. The property is part of a planned development featuring garden office spaces, with a maximum buildable area of 4,400 square feet per unit. Currently, one of the six planned garden office lots is already sold and occupied, indicating strong market demand within this established office park. The address is 5609 50th St, Lubbock, TX 79414, in Lubbock County. This lot offers a compelling opportunity for investors seeking to capitalize on the growing commercial real estate market in Lubbock. The property is owned by TX5600 LLC. This is a remarkable chance to acquire a well-situated, ready-to-develop commercial lot in a thriving Texas community. The existing infrastructure and established office park setting provide a significant advantage for potential development projects. The lot's size and zoning provide flexibility for a variety of commercial uses.

    Property Features for 5609 50Th St

    General Information

    Property type
    Land
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.9343153
    Latitude
    33.5481839

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    FAQs

    What type of property is this?
    Land - Prime Lubbock Commercial Land, 14,835 SF
    Where is this land located?
    The property is located at 5609 50Th St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $237,355.
    (806) 239-5903
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    5609 50Th St Lubbock, TX 79414
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5609 50Th St Lubbock, TX 79414
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