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4206 50th St Lubbock, TX 79413-3865

OFF-MARKET Strip malls Google Maps
5,920 SF 0.47 ac lot Built 1973
Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$275k
Range $248k – $303k (±10%)
Property ID US82-1286240

Property summary

AI-generated overview

This exceptional 5,920 square foot retail property in Lubbock, Texas, presents a lucrative investment opportunity. Located on a high-traffic section of 50th Street, the building boasts 173 feet of street frontage, ensuring maximum visibility for your business or tenant. The property features floor-to-ceiling windows across the entire front, maximizing natural light and showcasing the interior space. Ample parking is available for customers and employees. The building is situated on a 0.47-acre lot and has undergone noticeable renovations, ensuring a modern and attractive space. Its central Lubbock location offers easy access to Texas Tech University (a short 7-minute drive) and Loop 289, providing convenient access to the entire city. The strong commercial corridor of 50th Street is home to numerous food and shopping establishments, creating a vibrant and thriving business environment. Currently occupied by an existing tenant, this property offers immediate cash flow potential. The asking price is $490,000. This is a rare opportunity to acquire a well-located, high-visibility retail property in a growing market. The property's size, location, and existing tenant make it an ideal investment for both seasoned and new commercial real estate investors.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1973
Total area 5,920 SF
Lot 0.47 ac (20,400 SF)
Zoning code 38
APN R30006
UPID US82-1286240

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Marketing & Advertising Printing Service
  • Travel Agency
  • (Bike/Boat/Book/etc) Store
  • Department Store
  • Real Estate Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2018
3 recorded transactions
2018
$203,000
2012
Price N/A
2009
Price N/A

Zoning & alternative use

38 · Lubbock, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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