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Property profile & analytics
FOR LEASE
Strip malls

3225 50Th St Lubbock, TX 79413

45,566 SF 3.56 ac lot Built 1986
Trust Owned 17-yr Hold Absentee Owner Free & Clear
Property ID
US82-1137550
Property summary
AI-generated overview

Cornerstone Shopping Center, located at 3225 50th St, Lubbock, TX 79413, presents a fantastic opportunity for businesses seeking prime retail space. This vibrant commercial center offers two available units, ranging in size from 1,250 square feet to 8,268 square feet, providing flexibility for various business needs. The entire center encompasses 45,566 square feet, built in 1986. The property is characterized by its high-traffic location, ensuring excellent visibility and accessibility for customers. This makes it an ideal location for businesses seeking to establish a strong presence in the thriving Lubbock market. The property is a multi-tenant building, offering a dynamic and collaborative environment. While elevators are not present, the layout is designed for convenient access to all units. The available spaces are perfect for new or existing businesses looking to expand or relocate. This is a rare opportunity to secure retail space in a well-established and highly visible commercial center in a desirable Lubbock location. The property's prime location and flexible space options make it an attractive investment for businesses seeking growth and success. Contact us today to learn more about this exceptional opportunity.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1986
Total area 45,566 SF
Lot 3.56 ac (154,936 SF)
Zoning code 38
APN R82361
UPID US82-1137550
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
  • Advanced Insurance Insurance Agency
  • Pro-Cuts Hair Salon Nail Salon
  • The Weird Space (Bike/Boat/Book/etc) Store
  • Retrospecs Optical Ophthalmologist (Bike/Boat/Book/etc) Store
  • Natural Nutrition Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$755k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.56M
Blend (final) Blend
$1.16M
Owner & transaction history
Graves,paul R Trust · 17 yrs held
Graves,paul R Trust
since 2009
5 recorded transactions
2016
Price N/A
2009
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
38 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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