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

    5139 69th St Lubbock, TX 79424-1601

    • Office buildings
    • 1,860 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $350,000
    Show details
    Cap Rate Potential
    8.8%
    Office buildings
    Location Intelligence
    Property ID
    US82-3760404
    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

    • CEK Engineering LLC / Engineering Consultant
    • Viva! Kids Learning / Learning Center
    • STATE TECH Engineering / Engineer
    • The Lighthouse Learning Center LLC / Education Center / Counselor
    • Skydive Media / Marketing Agency

    Property Details for 5139 69th St

    Year built
    1983
    Lot size
    0.11 lot acres
    Property size
    1,860 SF
    Zone code
    38
    Property type
    Office buildings
    APN
    R97749
    APU
    R97749

    Description

    This exceptional 1,860 square foot single-tenant property, located at 5139 69th Street in Lubbock, Texas, presents a unique opportunity for businesses seeking a prime location. Built in 1983 and extensively renovated in 2020, this building offers a blend of modern amenities and classic charm. The property is zoned for heavy commercial use and features a convenient single-story design. Ample parking is provided with seven spaces. The building's strategic end-cap location along 69th Street, near the intersection of Slide Road and South Loop 289, ensures high visibility and accessibility. The interior boasts a spacious central lobby/common area, perfect for a waiting room, cubicles, or retail displays. Six private offices provide ample space for individual work or small teams. Two of these offices are oversized, and one includes a unique fireplace feature. The property also offers valuable signage space on the front awning, providing excellent opportunities for branding and marketing. The property's APN is R97749. This versatile space is ideal for a variety of office or retail uses, making it an attractive investment in a thriving South Lubbock commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $430,000
      6.5%
      $400,000
      7%
      $370,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.919
    Latitude
    33.5309
    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
    $2,900
    $24,595
    $147,027
    $171,622
    -
    $24,595
    $147,027
    $171,622

    Comparable in this City

    • Value Estimation
      $260,000
      1,056 SF

      8008 Slide Rd, Unit E2

      OFFICE BUILDING • 1,056 SF
      8008 Slide Rd, Lubbock, TX 79424-2841
      View Details
    • Value Estimation
      $245,000
      956 SF

      8008 Slide Rd, Unit B3

      OFFICE BUILDING • 956 SF
      8008 Slide Rd, Lubbock, TX 79424-2841
      View Details
    • Value Estimation
      $1,010,000
      247,294 SF

      5240 114th St

      OFFICE BUILDING • 247,294 SF
      5240 114th St, Lubbock, TX 79424-6481
      View Details
    • Value Estimation
      $785,000
      30,526 SF

      4747 Loop 289

      OFFICE BUILDING • 30,526 SF
      4747 Loop 289, Lubbock, TX 79424-2224
      View Details
    • Value Estimation
      $840,000
      68,922 SF

      5225 Loop 289

      OFFICE BUILDING • 68,922 SF
      5225 Loop 289, Lubbock, TX 79424-1363
      View Details
    • Value Estimation
      $440,000
      11,236 SF

      4901 82nd St

      OFFICE BUILDING • 11,236 SF
      4901 82nd St, Lubbock, TX 79424
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $3,000,000
      4,000 SF

      Class A Office Space Available

      Multi-office building with 4,000 SF available for rent.
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      View Details
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      Premium office spaces coming to South Quaker corridor in 2026.
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      View Details
    • $23 SF/Yr
      2,758 SF

      Premier Office and Retail Space

      Class A office and retail space in Lubbock, Texas.
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      View Details
    • $999,000
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      Class A Garden Office Space

      Recently constructed office building near 114th Street and Quaker Avenue.
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    • $21 SF/Yr
      10,000 SF

      Milwaukee Ave Retail Space

      10,000 SF Retail/Office Space in Lubbock, TX
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      View Details
    • $3,250 /Mo
      2,018 SF

      Modern Office Space For Sublease

      Modern office space in a professional triplex off 82nd & Upland.
      8353 Upland Ave, Lubbock, TX 79424
      View Details
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    Lubbock, TX 79424-1601
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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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