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Property profile & analytics
FOR SALE
Turn key restaurants
4926 50Th St, Lubbock, TX 79414
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-1871148
For Sale
1 / 5
$575,000
4926 50Th St, Lubbock, TX 79414
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Property summary
AI-generated overview
This 2,065 sq ft freestanding restaurant building in Lubbock, Texas, is available for sale or lease. Located at 4926 50th St, near Slide Road, this property sits on a 13,133 sq ft lot and boasts a convenient drive-thru window and ample parking (19 spaces). Built in 1969, the building is zoned NC Neighborhood Commercial and is ideally suited for a restaurant or similar business. The property is offered AS-IS for $750,000 or is available for lease with tenant improvement options. Its previous use as a Pizza Hut location provides a strong foundation for a new tenant. The high-traffic location on 50th Street ensures excellent visibility and accessibility for customers. This turnkey opportunity presents a chance to establish or expand a business in a thriving Lubbock community. Lubbock County location and zip code 79414. The entire 2,065 square feet is currently vacant.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1969
Total area
1,821 SF
Lot
0.3 ac (13,133 SF)
Zoning code
38
APN
R86768
UPID
US82-1871148
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
-
Los Victor's Mexican food California style #13 Restaurant
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
Great Minds Enterprises INC · 4 yrs held
Great Minds Enterprises INC
since 2022
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
$6,678
Tax year 2023
Assessed value
$375,199
Assessed 2024
Previous assessed
$359,252
+4.4% YoY
Effective rate
1.78%
On assessed value
Assessed land
$65,663
Assessed improvement
$309,536
Land market value
$65,663
Improvement market value
$309,536
Total market value
$375,199
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
1969
Heating
NONE
Total area
1,821 SF
Lot
0.3 ac (13,133 SF)
Zoning code
38
APN
R86768
UPID
US82-1871148
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
1969
Heating
NONE
Lot
0.3 ac
Current owner
From public records · entity-resolved
Great Minds Enterprises INC
Entity
Mailing address
1717 COTTONWOOD VLY CIR S, IRVING, TX 75038-6212
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Feb 15, 2022
—
Great Minds Enterprises INC
Auk Ventures LLC
Venders Lien
$440,000 · Peoples Bank
Dec 2, 2019
—
Auk Ventures LLC
Lamalo LLC
Grant Deed
$1,012,000 · American Bk&tr
Dec 22, 2010
—
Lamalo LLC
Peled,micha
Warranty Deed
related
—
Jun 1, 2004
—
Micha Peled
High Impact Prop Texas Lc
Warranty Deed
related
—
—
—
Micha Peled
—
Deed Of Trust
related
$657,262 · Peoples Bank & Trust
—
—
Micha Peled
—
Deed Of Trust
related
$614,202 · Peoples Bank & Trust
—
—
Jonathan W Hoffman
—
Deed Of Trust
related
$250,000 · Lone Star State Bank
—
—
Micha Peled
—
Loan Modification
related
$761,524 · Peoples Bank & Trust
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.
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