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Property profile & analytics
OFF-MARKET
Office buildings
1901 50th St Ste A Lubbock, TX 79412-2716
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-4255110
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Total area
5,000 SF
Lot
0.8 ac (34,979 SF)
Zoning code
38
APN
R124687
UPID
US83-4255110
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
-
Springboard Baac High School
-
Lubbock Mission Church Church Mosque
-
Elite Mobile Tire & Brake Auto Repair Shop Vehicle Inspection Center
-
Black Dog Enterprises (Bike/Boat/Book/etc) Store Newspaper & Magazine
-
Hays Dme Pharmacy
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
Ratsop INC · 7 yrs held
Ratsop INC
since 2018
5 recorded transactions
Zoning & alternative use
38 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lubbock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lubbock submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,552
Tax year 2023
Assessed value
$333,602
Assessed 2024
Previous assessed
$244,859
+36.2% YoY
Effective rate
1.36%
On assessed value
Assessed land
$139,932
Assessed improvement
$193,670
Land market value
$139,932
Improvement market value
$193,670
Total market value
$333,602
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1976
Heating
NONE
Total area
5,000 SF
Lot
0.8 ac (34,979 SF)
Zoning code
38
APN
R124687
UPID
US83-4255110
Jurisdiction
LUBBOCK
Zoning & alternative use
38 · Lubbock, TX
Zoning 38 · permitted uses
38 · Lubbock, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lubbock. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Lot
0.8 ac
Current owner
From public records · entity-resolved
Ratsop INC
Entity
Mailing address
3110 FRANKFORD AVE, LUBBOCK, TX 79407-7847
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2018
—
Ratsop INC
Brownfield & Quaker Ltd
Warranty Deed
$277,000 · Plainscapital Bk
May 25, 2016
—
Brownfield & Quaker Ltd
—
Deed
related
$947,059 · Lone Star St Bk/w Tx
May 9, 2011
—
Browfiled & Quaker Ltd
—
Deed Of Trust
related
$2,100,000 · Lone Star St Bk
Oct 25, 2006
—
Brownfield & Quaker Ltd
Lubbock Commercial Buildings I
Warranty Deed
related
$1,780,000 · City Bank
—
—
Brownfield & Quaker Ltd
—
Loan Modification
related
$947,059 · Lone Star St Bk/w Tx
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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