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

    5602 Slide Rd Lubbock, TX 79414-4105

    • Retail space
    • 4,500 SF
    OFF-MARKET
    Value Estimations
    $340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3073373
    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

    • Lubbock Vision Center / Optometrist
    • Eyeglass World / Optometrist / Glasses Repair Service
    • Ming Ho / Optometrist / Ophthalmologist
    • Dr. Jarren Ray / Optometrist

    Property Details for 5602 Slide Rd

    Year built
    1998
    Property size
    4,500 SF
    Property type
    Retail space
    APN
    R312147
    APU
    R312147

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $381,000
      Market price range: $149k - $428k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $285,000
      Current use
      AUTO REPAIR, GARAGE
      $395,000
      Change: +38% Conversion: Difficult
      OFFICE BUILDING
      $390,000
      Change: +36% Conversion: Easy
      COMMERCIAL (GENERAL)
      $260,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.923
    Latitude
    33.5432
    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
    $6,785
    $0.00
    $420,000
    $420,000
    -
    $0.00
    $420,000
    $420,000

    Comparable in this City

    • Value Estimation
      $295,000
      4,600 SF

      5002 50th St

      RETAIL STORES (PERSONAL SERVICES) • 4,600 SF
      5002 50th St, Lubbock, TX 79414-3421
      View Details
    • Value Estimation
      $355,000
      6,970 SF

      5607 Slide Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,970 SF
      5607 Slide Rd, Lubbock, TX 79414-4104
      View Details
    • Value Estimation
      $330,000
      10,024 SF

      5112 56th St

      RETAIL STORES (PERSONAL SERVICES) • 10,024 SF
      5112 56th St, Lubbock, TX 79414-4146
      View Details
    • Value Estimation
      $335,000
      3,010 SF

      5605 Slide Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,010 SF
      5605 Slide Rd, Lubbock, TX 79414-4104
      View Details
    • Value Estimation
      $310,000
      2,150 SF

      4818 50th St

      RETAIL STORES (PERSONAL SERVICES) • 2,150 SF
      4818 50th St, Lubbock, TX 79414-3419
      View Details
    • Value Estimation
      $420,000
      15,775 SF

      4633 50th St

      RETAIL STORES (PERSONAL SERVICES) • 15,775 SF
      4633 50th St, Lubbock, TX 79414-3507
      View Details

    Similar Nearby for Sale

    • $750,000
      2,065 SF

      Lubbock Restaurant - For Sale/Lease

      Prime Lubbock location, drive-thru, high traffic.
      4926 50Th St, Lubbock, TX 79414
      View Details
    • $149,000
      8,616 SF

      Prime Lubbock Executive Office Space

      8,616 SF Office/Retail, $149K
      5039 52Nd St, Lubbock, TX 79414
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    • $840,000
      3,922 SF

      Restaurant Property with Drive-Up Window

      Restaurant property featuring a drive-up window and ample parking.
      4631 50Th St, Lubbock, TX 79414
      View Details
    • $599,000
      2,065 SF

      Freestanding Restaurant with Drive-Thru

      Freestanding restaurant with drive-thru and ample parking for sale.
      4926 50Th St, Lubbock, TX 79414
      View Details
    • $328,443
      18,247 SF

      Dominion Office Park Tract J Land

      Prime Lubbock Commercial Land, Ready to Build
      5603 50Th St, Lubbock, TX 79414
      View Details
    • $234,187

      Dominion Office Park Tract G

      Build Your Office in Lubbock, TX
      5613 50Th St, Lubbock, TX 79414
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      5,000 SF

      Retail Space on 50th Street

      Retail space available on high-traffic 50th Street in Lubbock.
      4615 50Th St, Lubbock, TX 79414
      View Details
    • Contact for pricing
      42,560 SF

      Lubbock Retail Redevelopment Opportunity

      Retail space for lease in a high-traffic Lubbock location.
      5011-5027 50Th St, Lubbock, TX 79414
      View Details
    • $1,750 /Mo
      2,179 SF

      Lubbock Retail/Office Flex Space

      Versatile 2179 sq ft flex space in Lubbock, Texas.
      4713 Acc Rd, Lubbock, TX 79414
      View Details
    • $5,833 /Mo
      2,492 SF

      Lubbock Retail Site with Drive-Through

      High-visibility retail site with drive-through on busy thoroughfare.
      5004 Slide Rd, Lubbock, TX 79414
      View Details
    • $1,299,000
      3,600 SF

      High-Traffic Retail Center on Slide

      Retail space in a busy, established Lubbock retail corridor.
      5302 Slide Rd, Lubbock, TX 79414
      View Details
    • $8 SF/Yr
      90,387 SF

      Security Park Retail Center

      Lubbock Retail Space - 5 Units Available
      3602 Slide Rd, Lubbock, TX 79414
      View Details
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    Lubbock, TX 79414-4105
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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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