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Property profile & analytics
FOR LEASE
Commercial real estate

2808 50Th St Lubbock, TX 79413

4,680 SF 0.86 ac lot Built 1971
Entity Owned 16-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-1843241
Property summary
AI-generated overview

This exceptional 0.69-acre commercial land parcel presents a remarkable investment opportunity in Lubbock, Texas. Strategically located on the corner of 50th Street and Detroit Avenue, this vacant land boasts unparalleled visibility and accessibility. With a daily traffic count of 23,002 vehicles, this property offers significant exposure for any commercial venture. Its prime location directly across from the Caprock Shopping Center, home to major national retailers, ensures high foot traffic and brand recognition. The property is suitable for ground leasing or outright sale, providing flexibility for diverse development plans. The single-tenant designation allows for focused development and streamlined management. Situated in Lubbock County, Texas, with a zip code of 79413, this property offers easy access to major transportation routes and a thriving local economy. The coordinates are 33.5492891 latitude and -101.877666 longitude. This is a rare opportunity to acquire a high-traffic commercial land parcel in a rapidly growing area. Don't miss out on this chance to establish your business in a prime Lubbock location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1971
Total area 4,680 SF
Lot 0.86 ac (37,440 SF)
Zoning code 38
APN R82080
UPID US82-1843241
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Extreme Auto Glass Auto Repair Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Racer Car Wash LLC · 16 yrs held
Racer Car Wash LLC
since 2010
5 recorded transactions
2016
Price N/A
2010
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
38 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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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