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Property profile & analytics
OFF-MARKET Estimated value $700,000
Warehouses

5064 50th St Lubbock, TX 79414-3421

18,577 SF 1.42 ac lot Built 1969
Individually Owned Absentee Owner Free & Clear
Property ID
US82-2096775
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1969
Total area 18,577 SF
Lot 1.42 ac (61,770 SF)
Zoning code 38
APN R87214
UPID US82-2096775
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
  • BASE Brazilian Jiu Jitsu Training Center Sports School
  • Element 34 Technology Inc Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$460k
CAP Approach CAP
by Request
Comparable Approach Comparable
$935k
Blend (final) Blend
$700k
Owner & transaction history
50TH CNT
50TH CNT
Zoning & alternative use
38 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.1M +17.2%
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