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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2615 50th St Lubbock, TX 79413-4529

    • Commercial real estate
    • 140,596 SF
    • 9.77 lot acres
    OFF-MARKET
    Value Estimations
    $3,195,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4589005
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pro Desk at The Home Depot / Big Box & Wholesale Store / Building Supply
    • Garden Center at The Home Depot / Garden Center
    • Home Services at The Home Depot / Hardware & Home Improvement / Interior Design
    • Tool Rental Center at The Home Depot / (Bike/Boat/Book/etc) Store / Rental Equipment Company
    • The Home Depot / Building Supply / Hardware & Home Improvement

    Property Details for 2615 50th St

    Year built
    2005
    Lot size
    9.77 lot acres
    Property size
    140,596 SF
    Zone code
    38
    Property type
    Commercial real estate
    APN
    R100091
    APU
    R100091

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.873
    Latitude
    33.5478
    CBSA code
    31180
    CBSA name
    LUBBOCK, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $180,028
    $2,128,945
    $5,371,055
    $7,500,000
    -
    $2,128,945
    $5,371,055
    $7,500,000

    Comparable in this City

    • Value Estimation
      $1,755,000
      15,652 SF

      5010 University Ave

      COMMERCIAL (GENERAL) • 15,652 SF
      5010 University Ave, Lubbock, TX 79413-4422
      View Details
    • Value Estimation
      $980,000
      7,511 SF

      4323 50th St

      COMMERCIAL (GENERAL) • 7,511 SF
      4323 50th St, Lubbock, TX 79413-3811
      View Details
    • Value Estimation by Request
      61 SF

      3234 64th St

      COMMERCIAL (GENERAL) • 61 SF
      3234 64th St, Lubbock, TX 79413-5760
      View Details
    • Value Estimation by Request
      8,074 SF

      3808 Quaker Ave

      COMMERCIAL (GENERAL) • 8,074 SF
      3808 Quaker Ave, Lubbock, TX 79413
      View Details
    • Value Estimation by Request
      1,240 SF

      5004 University Ave

      COMMERCIAL (GENERAL) • 1,240 SF
      5004 University Ave, Lubbock, TX 79413
      View Details
    • Value Estimation by Request
      1,855 SF

      3234 64th St

      COMMERCIAL (GENERAL) • 1,855 SF
      3234 64th St, Lubbock, TX 79413-5760
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      High-Traffic Lubbock Commercial Land

      0.69-acre lot, prime commercial location.
      2808 50Th St, Lubbock, TX 79413
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    • $595,000

      Lubbock Commercial Land - $595K

      Prime 1.9-acre Lubbock development land.
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    • Contact for pricing
      0.93 Acres

      Prime Lubbock Commercial Land

      Two tracts ideal for QSR or retail.
      2520 50Th St, Lubbock, TX 79413
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    • $790,000
      11,668 SF

      University Ave Commercial Property

      Lubbock Office Building, Redevelopment Opportunity
      5009 University Ave, Lubbock, TX 79413
      View Details
    • $600,000
      4,500 SF

      Prime Lubbock Retail/Industrial Space

      4,500 SF Storefront/Manufacturing in Lubbock, TX
      3520 50Th St, Lubbock, TX 79413
      View Details
    • $175,000
      1.00 Acre

      Lubbock Land For Sale

      One acre of land available in Lubbock, Texas.
      3207 60Th St, Lubbock, TX 79413
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      255,614 SF

      Caprock Shopping Center: Lubbock, TX

      Prime Lubbock retail space, multiple suites available.
      2625 50Th St, Lubbock, TX 79413
      View Details
    • $26 SF/Yr
      7,199 SF

      Indiana Plaza East Office Suites

      Lubbock Office Space: 3 Suites Available
      3303 67Th St, Lubbock, TX 79413
      View Details
    • $13 SF/Yr
      13,975 SF

      Memphis Place Mall

      Neighborhood centers
      3801 50Th St, Lubbock, TX 79413
      View Details
    • $12 SF/Yr
      22,830 SF

      Lubbock Retail & Office Space

      High-traffic, multi-tenant retail/office opportunity
      2708-2718 50Th St, Lubbock, TX 79413
      View Details
    • $8 SF/Yr
      2,400 SF

      Retail Space in Established Center

      2,400 sqft retail space available in well-established shopping center.
      4234-4202 Boston Ave, Lubbock, TX 79413
      View Details
    • $400 /Mo
      140 SF

      Private Office Community in Lubbock

      Office suites available for rent near South Loop 289.
      3309 67Th St, Lubbock, TX 79413
      View Details

    Property Visit Statistics

    • Visits by month
      70.3k
    • Visitors by month
      44.1k
    • Avg Time on site
      28 min
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    2615 50th St
    Lubbock, TX 79413-4529
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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