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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Schools
5001 50th St, Lubbock, TX 79414-3420
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US82-1905388
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1973
Total area
61,322 SF
Lot
5.35 ac (233,209 SF)
Zoning code
38
APN
R31459
UPID
US82-1905388
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
-
ATM American State Ba Bank Loan Service
-
Prosperity Bank - ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$590k
Owner & transaction history
James Wayne Properties INC · 6 yrs held
James Wayne Properties INC
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
Method
Estimation
Statistic approach
by Request
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$590k
Range $531k – $649k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$10 / SF
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
Assessed value
$9,039,484
Assessed 2024
Previous assessed
$8,285,803
+9.1% YoY
Assessed land
$932,836
Assessed improvement
$8,106,648
Land market value
$932,836
Improvement market value
$8,106,648
Total market value
$9,039,484
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1973
Heating
NONE
Total area
61,322 SF
Lot
5.35 ac (233,209 SF)
Zoning code
38
APN
R31459
UPID
US82-1905388
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
1973
Heating
NONE
Lot
5.35 ac
Current owner
From public records · entity-resolved
James Wayne Properties INC
Entity
Mailing address
3801 S LOOP 289, LUBBOCK, TX 79423-1132
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2026
—
Vb S1 Assets LLC
—
Deed
related
$78,892 · Deutsche Bank Trust Co Americas
Apr 17, 2020
—
James Wayne Properties INC
James Wayne
Quit Claim Deed
related
$35,000,000 · American Momentum Bk
Jul 19, 2016
—
Ld Acquisition Co 9 LLC
—
Deed
related
$116,600,000 · Deutsche Bk Tr Co Americas
Nov 20, 2014
—
Ld Acquisition Co 9 LLC
—
Grant Deed
related
$70,000,000 · Bank Of America
Nov 4, 2014
—
James A Wayne
Tx Lubbock 50th Street LLC
Venders Lien
$8,373,600 · Commercial State Bank (andrews Tx)
Feb 22, 2012
—
Tx Lubbock 50th Street LLC
Wilkerson,john G JR
Grant Deed
$2,900,000 · Pi Holdings II INC
Jul 26, 2010
—
John Wilkerson
Msci 2006-hq9 Hastings Ctr LLC
Grant Deed
—
Apr 19, 2010
—
Msci 2006-hq9 Hastings Ctr LLC
Grantham Terry
Trustees Deed
related
—
Dec 23, 2009
—
Morgan Stanley Mtg Cap INC
Hastings Center Lubbock LP
Grant Deed
—
Apr 4, 2006
—
Owner Name Unavailable
Bixby Holding Ltd
Warranty Deed
related
—
—
—
Tx Lubbock 50th Street LLC
—
Deed Of Trust
related
$6,608,800 · Branch Banking & Trust Co
—
—
Ld Acquisition Co 9 LLC
—
Deed Of Trust
related
$116,600,000 · Deutsche Bk Tr Co Americas
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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