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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4601 50Th St Lubbock, TX 79414

    • Office buildings
    • 35,260 SF
    • 2.53 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Value Estimations
    $725,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3158627
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Brain Work Centers / Mental Health Service / Biofeedback Therapist
    • Traditions Health Hospice / Hospice
    • Ingram Psychological Assessments / Psychologist
    • Dr. Daniel M. Julien, DDS / Doctor
    • Dr. Paul A. Sardella, MD / Pain Management Physician

    Property Details for 4601 50Th St

    Year built
    1980
    Lot size
    2.53 lot acres
    Property size
    35,260 SF
    Zone code
    38
    Property type
    Office buildings
    APN
    R40580
    APU
    R40580

    Description

    The Pueblo Building, located at 4601 50th Street in Lubbock, Texas (79414), offers a diverse range of office spaces ideal for various business needs. This two-story building, constructed in 1980, encompasses a total of 35,260 square feet across 37 individual suites. Currently, 7,379 square feet are available for lease, with individual suite sizes ranging from 175 square feet to 1,963 square feet. The property is categorized as Executive Office, Traditional Office, and Medical Office space, providing flexibility for a variety of tenants. The building sits on a substantial 110,097 square foot lot and features adequate parking for tenants and visitors. Modern conveniences include elevators and electric power. The building's location is further enhanced by its proximity to 50th Street. The property's APN is R40580, and it is situated in Lubbock County. This multi-tenant building presents a unique opportunity for businesses seeking versatile and well-located office space in Lubbock, Texas. Inquire today to explore the available suites and secure your ideal workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $725,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.91
    Latitude
    33.548
    CBSA code
    31180
    CBSA name
    LUBBOCK, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $41,721
    $550,483
    $2,335,325
    $2,885,808
    -
    $550,483
    $2,335,325
    $2,885,808

    Comparable in this City

    • Value Estimation
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      4920 Loop 289th Ste, Unit 106

      OFFICE BUILDING • 1,033 SF
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      View Details
    • Value Estimation
      $300,000
      751 SF

      4920 Loop 289th Ste, Unit 203

      OFFICE BUILDING • 751 SF
      4920 Loop 289th Ste, Lubbock, TX 79414-4724
      View Details
    • Value Estimation
      $530,000
      18,790 SF

      5715 50th St

      OFFICE BUILDING • 18,790 SF
      5715 50th St, Lubbock, TX 79414-1613
      View Details
    • Value Estimation
      $375,000
      6,336 SF

      4918 66th St

      OFFICE BUILDING • 6,336 SF
      4918 66th St, Lubbock, TX 79414-4729
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    • Value Estimation
      $675,000
      27,090 SF

      4607 Loop 289

      OFFICE BUILDING • 27,090 SF
      4607 Loop 289, Lubbock, TX 79414-1403
      View Details
    • Value Estimation
      $310,000
      3,172 SF

      5313 50th St

      OFFICE BUILDING • 3,172 SF
      5313 50th St, Lubbock, TX 79414-1827
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $10 SF/Yr
      35,260 SF

      Pueblo Building: Lubbock Office Space

      Prime Lubbock office space, multiple suites available.
      4601 50Th St, Lubbock, TX 79414
      View Details
    • $1,750 /Mo
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      Lubbock Retail/Office Flex Space

      Versatile 2179 sq ft flex space in Lubbock, Texas.
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    • $25 SF/Yr
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      Lubbock Office Space: The Enclave

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    • Contact for pricing
      2,020 SF

      Lubbock Creative Office Suites For Lease

      Affordable individual offices in prime Lubbock location.
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    • $12 SF/Yr
      8,184 SF

      Turnkey Office/Medical Space Available

      High-visibility, move-in ready office or medical space for lease.
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      View Details
    • $440 /Mo
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      Modern Office Suites in Lubbock

      Modern office suites available for lease in Southwest Lubbock.
      5001 Loop 289 W, Lubbock, TX 79414
      View Details
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    Lubbock, TX 79414
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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