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Property profile & analytics
FOR LEASE
Retail space

2625 50Th St Lubbock, TX 79413

3,179 SF 0.36 ac lot Built 1986
Entity Owned 5-yr Hold Free & Clear
Property ID
US82-4423913
Property summary
AI-generated overview

Caprock Shopping Center, located at 2625-2925 50th Street in Lubbock, Texas, presents a compelling investment opportunity. This Class B, single-story retail center boasts a total of 255,614 square feet and comprises nine suites, offering flexible space options ranging from a minimum of 1,500 square feet to a maximum contiguous area of 32,275 square feet. Ten spaces are currently available. The property features convenient access via two signalized intersections at 50th Street & Canton Avenue, ensuring high visibility and accessibility. Its strategic location provides easy access to Texas Tech University, the Medical District, and Downtown Lubbock, tapping into a robust consumer base. The center benefits from a high daily traffic count of 56,840 vehicles at the 50th Street and University intersection. Opportunities exist for anchor and junior anchor tenants (10,000 - 35,000 square feet), as well as two new pad buildings available for build-to-suit or ground lease arrangements, ideal for fast food, banks with drive-thrus, retail establishments, or casual dining concepts. The property is situated in Lubbock County, Texas, with a zip code of 79413. Elevators are available on the property. This regional power center is located in a high-density area of Lubbock, offering exceptional potential for retail success.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1986
Total area 3,179 SF
Lot 0.36 ac (15,474 SF)
Zoning code 38
APN R100145
UPID US82-4423913
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
  • Rita’s Donuts Bakery Discount Store
  • AT&T Store Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Blip LLC · 5 yrs held
Blip LLC
since 2020
7 recorded transactions
2020
Price N/A
2018
Price N/A
2018
Price N/A
2016
Price N/A
2013
Price N/A
2011
$13.9M
2006
Price N/A
Zoning & alternative use
38 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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