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    Property profile & analytics

    5064 50th St Lubbock, TX 79414-3421

    • Warehouses
    • 18,577 SF
    • 1.42 lot acres
    OFF-MARKET
    Value Estimation
    $535,000
    Location Intelligence
    Property ID
    US82-2096775
    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

    • BASE Brazilian Jiu Jitsu / Martial Arts School
    • Element 34 Technology Inc / Business Management Consultant

    Property Details for 5064 50th St

    Year built
    1969
    Lot size
    1.42 lot acres
    Property size
    18,577 SF
    Zone code
    38
    Property type
    Warehouses
    APN
    R87214
    APU
    R87214

    Description

    This exceptional 3,066-square-foot creative office space is ideally situated in Lubbock, Texas, within Lubbock County, at 5064 50th St, zip code 79414. The single-tenant property is housed in a single-story, Class B building constructed in 1998, sitting on a substantial 61,910-square-foot lot. The interior boasts a spacious reception area, a convenient storage closet, and an oversized conference room. Three offices with natural light are complemented by a large room featuring four built-in desk units extending nearly to the ceiling. Additional space includes a filing room (or small office), a restroom, and a sizable vinyl composition tile (VCT) room with a commercial sink, suitable for use as a lab or breakroom. The property's location offers excellent visibility and accessibility, with nearby businesses including BASE Jiu Jitsu, SONIC, Red Lobster, Wrap it up Lubbock, Stanton Optical, and the 50th St. Caboose. This property presents a unique opportunity for a business seeking a well-appointed and functional office space in a vibrant Lubbock location. The property is conveniently located just north of the 50th Street intersection, behind a Walgreens.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $460,000

    • CAP approach

      CAP return
      Estimation
      6%
      $615,000
      6.5%
      $630,000
      7%
      $615,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $575,000
      Geo Method
      $715,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $675,000
      Retail
      $685,000
      Mixed-Use
      $685,000
      Hospitality
      $730,000
      Educational
      $645,000
      Residential Income
      $715,000
      Energy
      $740,000
      Income-Based Land
      $685,000
      Food Service
      $660,000

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.922
    Latitude
    33.5499
    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
    $11,765
    $308,850
    $347,830
    $656,680
    -
    $308,850
    $347,830
    $656,680

    Comparable in this City

    • Value Estimation
      $795,000
      48,516 SF

      4819 50th St

      MINI-WAREHOUSE, STORAGE • 48,516 SF
      4819 50th St, Lubbock, TX 79414-3418
      View Details
    • Value Estimation by Request
      59,040 SF

      5217 51st St

      MINI-WAREHOUSE, STORAGE • 59,040 SF
      5217 51st St, Lubbock, TX 79414-1828
      View Details
    • Value Estimation by Request
      69,024 SF

      4630 50th St

      WAREHOUSE, STORAGE • 69,024 SF
      4630 50th St, Lubbock, TX 79414-3521
      View Details
    • Value Estimation
      $305,000
      4,320 SF

      4619 50th St

      WAREHOUSE, STORAGE • 4,320 SF
      4619 50th St, Lubbock, TX 79414
      View Details
    • Value Estimation
      $470,000
      14,500 SF

      5504 Wayne Ave

      WAREHOUSE, STORAGE • 14,500 SF
      5504 Wayne Ave, Lubbock, TX 79414-4137
      View Details
    • Value Estimation
      $380,000
      10,500 SF

      4809 Loop 289

      WAREHOUSE, STORAGE • 10,500 SF
      4809 Loop 289, Lubbock, TX 79414-1420
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    • $14 SF/Yr
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    • $10 SF/Yr
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    • Contact for pricing
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      Land available for lease in Lubbock, Texas.
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      View Details
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    Lubbock, TX 79414-3421
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    Realmo Value Estimation

    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.

    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.

    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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