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Property profile & analytics
OFF-MARKET Estimated value $575,000
Warehouses

3005 50th St Lubbock, TX 79413-4134

12,460 SF 0.54 ac lot Built 2006
Entity Owned 9-yr Hold Absentee Owner Free & Clear
Property ID
US82-4284944
Property summary
AI-generated overview

This centrally located Lubbock County industrial warehouse offers 1,750 square feet of versatile space, ideal for service companies or light distribution. Situated on the south side of 50th Street, behind Elgin Plaza Shopping Center, this property enjoys convenient access to all areas of the city. The warehouse features a single, climate-controlled 12' x 12' office, a restroom, and ample storage. Access is provided via a ground-level overhead door. The building's location in the geographic center of Lubbock ensures efficient travel times throughout the city. This is a single-tenant space within a larger multi-tenant building. The property is easily accessible from major thoroughfares, making it a prime location for businesses requiring quick and easy access to the entire city. The space is perfect for businesses needing a combination of office and warehouse space, offering a practical and efficient layout. This well-maintained property presents a fantastic opportunity for businesses seeking a strategic location in the heart of Lubbock. The combination of convenient location, functional layout, and ample storage makes this an attractive option for a variety of businesses. The property is ready for immediate occupancy.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2006
Total area 12,460 SF
Lot 0.54 ac (23,331 SF)
APN R310089
UPID US82-4284944
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
  • Raider Hail Repair & Auto Spa Auto Repair Shop
  • Southwest Vet Source Big Box & Wholesale Store
  • Ideal Auto Hail Repair Auto Repair Shop
  • Derricott Company Hardware & Home Improvement Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
$769k
Blend (final) Blend
$575k
Owner & transaction history
French St LLC · 9 yrs held
French St LLC
since 2017
3 recorded transactions
2017
Price N/A
2006
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $880,000 +42.5%
Retail stores $830,000 +34.3%
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