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Property profile & analytics
FOR SALE
Turn key restaurants
3229 50Th St, Lubbock, TX 79413
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-1285921
No photos on file
For Sale
$2,279,200
3229 50Th St, Lubbock, TX 79413
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2019
Total area
2,185 SF
Lot
0.46 ac (20,000 SF)
Zoning code
38
APN
R137168
UPID
US82-1285921
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
-
Starbucks Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pinewood Park Ltd · 6 yrs held
Pinewood Park Ltd
since 2020
7 recorded transactions
Zoning & alternative use
38 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,111
Tax year 2023
Assessed value
$634,396
Assessed 2024
Previous assessed
$651,555
-2.6% YoY
Effective rate
1.91%
On assessed value
Assessed land
$100,000
Assessed improvement
$534,396
Land market value
$100,000
Improvement market value
$534,396
Total market value
$634,396
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
2019
Heating
NONE
Total area
2,185 SF
Lot
0.46 ac (20,000 SF)
Zoning code
38
APN
R137168
UPID
US82-1285921
Jurisdiction
LUBBOCK
Zoning & alternative use
38 · Lubbock, TX
Zoning 38 · permitted uses
38 · Lubbock, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lubbock. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2019
Heating
NONE
Lot
0.46 ac
Current owner
From public records · entity-resolved
Pinewood Park Ltd
Individual
Mailing address
11001 MILWAUKEE AVE, LUBBOCK, TX 79424-2061
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2020
—
Pinewood Park Ltd
Sb 50th Ltd
Grant Deed
$600,000 · Aimbank
Jul 1, 2019
—
Sb 50th Ltd
—
Trustees Deed
related
$1,725,000 · Plainscapital Bk
Mar 8, 2019
—
Sb 50th Ltd
Kwthem LLC
Grant Deed
related
—
Feb 1, 2019
—
Kwthem LLC
B & S Waight Properties LLC
Grant Deed
$775,000 · Afp Interests Ltd
Apr 2, 2018
—
B & S Waight Properties LLC
—
Deed
related
$37,328 · Prosperity Bk-160
Oct 22, 2013
—
B & S Waight Properties LLC
Graves Paul R Trust
Grant Deed
related
—
Feb 2, 2009
—
Paul R Graves
All Seasons Cleaners LLC
Warranty Deed
—
—
—
B & S Waight Properties LLC
—
Deed Of Trust
related
$37,328 · Prosperity Bk-160
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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