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    5603 50Th St Lubbock, TX 79414

    For Sale
    $328,443

    Prime Lubbock Commercial Land, Ready to Build

    Property size:
    18,247 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 18,247 square foot commercial land parcel, identified as Tract J within the Dominion Office Park, presents a unique investment opportunity in Lubbock, Texas. Located at 5603 50th St, Lubbock, TX 79414 (APN R351377), this Class A property is zoned GO and offers significant potential for development. The asking price is $328,443, translating to a price per square foot of $15. The land value is estimated at $15 to $16 per square foot. This platted lot is one of several available within the park, designed to accommodate garden office buildings. The site plan allows for a maximum building size of 4,000 square feet per lot. Adjacent Lot E is currently under construction, demonstrating the viability and desirability of this location. This is a rare chance to acquire a well-situated, ready-to-build commercial lot in a thriving Lubbock County market. The property is owned by TX5600 LLC and is offered as-is. Serious inquiries are encouraged. Don't miss this opportunity to secure your place in the Dominion Office Park.

    Property Features for 5603 50Th St

    General Information

    Property type
    Land
    Square Feet
    18,247 SF
    Class
    A

    HighLights

    • Six buildable garden office lots.
    • 4,000 square foot maximum building size per lot.
    • Lot E is under construction (sold).
    • Lots F‑J available, priced from $234,000 to $328,000.
    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
    -101.9338795
    Latitude
    33.5486051

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    FAQs

    What type of property is this?
    Land - Prime Lubbock Commercial Land, Ready to Build
    Where is this land located?
    The property is located at 5603 50Th St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $328,443.
    What are key features of this property?
    This property features: Six buildable garden office lots.; 4,000 square foot maximum building size per lot.; Lot E is under construction (sold).
    (806) 239-5903
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    5603 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
    5603 50Th St Lubbock, TX 79414
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