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Property profile & analytics
OFF-MARKET
Estimated value
$4,475,000
Commercial real estate
2412 50th St Lubbock, TX 79412-2504
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-0517550
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1984
Total area
42,444 SF
Lot
1.21 ac (52,904 SF)
APN
R166210
UPID
US82-0517550
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
-
Dr. Sam H. Colley, MD Physician
-
Texas Tech Physicians-Lubbock Physician
-
Amber Kemper, PA-C Pediatrician Physician
-
Clarissa Elizondo Physician
-
Emergency Physicians Of Lubbock Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.14M
Blend (final)
Blend
$4.48M
Owner & transaction history
Scott Laboratories INC · 8 yrs held
Scott Laboratories INC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.6M
+7.2%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,255,000
Current use
RESTAURANT
$4,565,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,735,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$4.48M
Range $4.03M – $4.92M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$105 / SF
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
$36,247
Tax year 2023
Assessed value
$2,526,380
Assessed 2024
Previous assessed
$1,950,000
+29.6% YoY
Effective rate
1.43%
On assessed value
Assessed land
$264,520
Assessed improvement
$2,261,860
Land market value
$264,520
Improvement market value
$2,261,860
Total market value
$2,526,380
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1984
Heating
NONE
Total area
42,444 SF
Lot
1.21 ac (52,904 SF)
APN
R166210
UPID
US82-0517550
Jurisdiction
LUBBOCK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.3M
RESTAURANT
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$3.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Lot
1.21 ac
Current owner
From public records · entity-resolved
Scott Laboratories INC
Entity
Free & Clear · 8 yrs held
Mailing address
615 N UPPR BROADWAY ST STE #101, CORPUS CHRISTI, TX 78401-0702
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2018
—
Scott Laboratories INC
Grace Clinic Holdings LLC
Grant Deed
—
Mar 28, 2017
—
Grace Clinic Holdings LLC
—
Grant Deed
related
$4,000,000 · First Bk
Sep 16, 2016
—
Grace Clinic Holdings LLC
—
Trust Deed
related
$4,000,000 · First Bk
Dec 26, 2013
—
Tigris Xi Ltd
Tx Medical Office LP
Venders Lien
$860,000 · Peoples Bank
Jul 24, 2013
—
Tx Medical Office LP
Tenet Healthsystem Hospitals
Grant Deed
—
Jul 3, 2013
—
Tenet Healthsystem Hospitals
Grace Clinic Holdings LLC
Quit Claim Deed
related
—
Jun 6, 2011
—
Grace Clinic Holdings LLC
Swordfish Realty Investments
Warranty Deed
related
$9,330,000 · First Bank & Trust
Jul 25, 2007
—
Tx Medical Office
Us Bank NA
Grant Deed
$50,400,000 · Bank Of America
—
—
Swordfish Realty Invs LP
—
Deed Of Trust
related
$171,000 · Aimbank
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.
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