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    5313 50th St Lubbock, TX 79414-1827
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    5313 50th St Lubbock, TX 79414-1827

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    • Office buildings
    • 6,344 SF
    • 0.50 lot acres
    Off-Market
    Property ID
    US82-2916629
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mortgage Lender Lubbock TX / Loan Service / Bank
    • South Plains Insurance Agency / Insurance Agency
    • ZADA Elite Inc / Advertising Agency / Marketing & Advertising
    • CNJ'S Barbershop / Barber Shop
    • W D Wesley Co / Consultant

    Property Details for 5313 50th St

    Year built
    1975
    Lot size
    0.50 lot acres
    Property size
    6,344 SF
    Zone code
    38
    Property type
    Office buildings
    APN
    R109068
    APU
    R109068

    Description

    This exceptional Lubbock County office property at 5313 50th Street offers a total of 2,400 square feet of versatile space, ideal for businesses seeking flexible lease terms. The building is divided into three suites, with a minimum leasable area of 800 square feet and a maximum contiguous space of 2,400 square feet, allowing for customization to suit various business needs. Currently, one suite is available. The property is classified as both traditional and executive office space, suggesting a high-quality finish and potentially desirable amenities. The lease term is negotiable, ranging from 36 to 60 months, providing tenants with the flexibility to align their occupancy with their business plans. Tenants are responsible for utilities, offering greater control over operational costs. This prime location in Lubbock County provides easy access to key transportation routes and local amenities, making it an attractive option for businesses of all sizes. The building's layout allows for a variety of configurations, accommodating both small businesses seeking a single suite and larger organizations requiring more extensive space. This presents a unique opportunity to secure a well-maintained office space in a desirable location with adaptable lease terms. Inquire today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.927
    Latitude
    33.5483
    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
    $10,967
    $108,680
    $481,320
    $590,000
    -
    $108,680
    $481,320
    $590,000

    Comparable in this City

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      5202 Bangor Ave

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      3,402 SF

      5301 Chicago Ave

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      768 SF

      4920 Loop 289th Ste, Unit 204

      OFFICE BUILDING • 768 SF
      4920 Loop 289th Ste, Lubbock, TX 79414-4724
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    • Value Estimation
      $2,295,000
      45,940 SF

      5307 Loop 289

      OFFICE BUILDING • 45,940 SF
      5307 Loop 289, Lubbock, TX 79414-1610
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    • Value Estimation
      $655,000
      11,123 SF

      4611 50th St

      OFFICE BUILDING • 11,123 SF
      4611 50th St, Lubbock, TX 79414-3507
      View Details
    • Value Estimation
      $690,000
      4,697 SF

      4601 66th St

      OFFICE BUILDING • 4,697 SF
      4601 66th St, Lubbock, TX 79414-4828
      View Details

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      2,065 SF

      Freestanding Restaurant with Drive-Thru

      Freestanding restaurant with drive-thru on high-traffic 50th Street.
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      18,247 SF

      Lubbock Land for Sale

      Land available for purchase in Lubbock, Texas.
      5603 50Th St, Lubbock, TX 79414
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    • $2,490,000

      Restaurant Space Near South Plains Mall

      Restaurant space with high visibility near major retail and university.
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    Similar Nearby for Lease

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      Office Space for Rent

      Office space available for rent in Lubbock, Texas.
      4601 50Th St, Lubbock, TX 79414
      View Details
    • $1,100 /Mo
      660 SF

      Lubbock Office Space For Rent

      Office space available in Lubbock, all utilities included.
      4630 50Th St, Lubbock, TX 79414
      View Details
    • $1,000 /Mo
      600 SF

      Lubbock Office Suite For Rent

      Office suite for rent in Lubbock, Texas. 600 square feet.
      4630 50Th St, Lubbock, TX 79414
      View Details
    • $400 /Mo
      100 SF

      Office Spaces For Rent

      Single office spaces available, utilities included, undergoing renovations.
      4630 50Th St, Lubbock, TX 79414
      View Details
    • Contact for pricing

      Modern Office Space For Rent

      871 sq ft office space in high-traffic Lubbock location.
      5012 50Th St, Lubbock, TX 79414
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    • $1,000 /Mo
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      Individual Office Space For Lease

      Individual office space for lease in a central Lubbock location.
      5502 58Th St, Lubbock, TX 79414
      View Details
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    Lubbock, TX 79414-1827
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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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