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    5613 50Th St Lubbock, TX 79414

    For Sale
    $234,187

    Build Your Office in Lubbock, TX

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 14,637 square foot commercial land parcel, located in Lubbock, Texas at 5613 50th St (zip code 79414), presents a prime opportunity for development. Zoned G-O, this lot is part of the Dominion Office Park, a planned development already featuring several garden office buildings. The site is platted to accommodate a maximum building size of 4,400 square feet, making it ideal for a single-tenant office building or a smaller multi-tenant complex. With a land value ranging from $16 to $18 per square foot, the asking price for this property is $234,187. The property's APN is R351374, and ownership is held by TX5600 LLC. This lot offers a unique chance to establish a presence in a well-planned office park environment, with the convenience of existing infrastructure and the potential for significant return on investment. The property is ready for immediate development, allowing for a swift construction timeline and quick occupancy. This is a rare opportunity to acquire a build-ready lot in a desirable Lubbock location. Seize this chance to build your dream office space in a thriving Texas community. The property is located in Lubbock County.

    Property Features for 5613 50Th St

    General Information

    Property type
    Land

    HighLights

    • $234,187 asking price for this commercial land parcel.
    • 14,637 square foot lot in Lubbock, Texas.
    • G‑O zoning permits commercial development.
    • Land value estimated at $16-$18 per square foot.
    • Broker co‑op available.
    • Property located at 5613 50th St, Lubbock, TX 79414 (APN R351374).
    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
    -101.9343152
    Latitude
    33.5479859

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    FAQs

    What type of property is this?
    Land - Build Your Office in Lubbock, TX
    Where is this land located?
    The property is located at 5613 50Th St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $234,187.
    What are key features of this property?
    This property features: $234,187 asking price for this commercial land parcel.; 14,637 square foot lot in Lubbock, Texas.; G-O zoning permits commercial development.
    (806) 239-5903
    Request Owner's contact information
    5613 50Th St Lubbock, TX 79414
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    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
    5613 50Th St Lubbock, TX 79414
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