Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5916 Loop 289 W Lubbock, TX 79424

    • Retail space
    • 30,315 SF
    • 3.14 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    $925,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3523348
    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

    • Retail space

    Property Details for 5916 Loop 289 W

    Year built
    2003
    Lot size
    3.14 lot acres
    Property size
    30,315 SF
    Property type
    Retail space
    APN
    R169683
    APU
    R169683

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $630,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,218,000
      Market price range: $561k - $2.08M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,335,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,110,000
      Change: -17% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.935
    Latitude
    33.5403
    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
    $58,553
    $821,580
    $2,378,420
    $3,200,000
    -
    $821,580
    $2,378,420
    $3,200,000

    Comparable in this City

    • Value Estimation
      $840,000
      24,530 SF

      5906 Spur 327

      RETAIL STORES (PERSONAL SERVICES) • 24,530 SF
      5906 Spur 327, Lubbock, TX 79424
      View Details
    • Value Estimation by Request
      7,940 SF

      11217 Quaker Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,940 SF
      11217 Quaker Ave, Lubbock, TX 79424-7542
      View Details
    • Value Estimation by Request
      10,000 SF

      6802 Slide Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,000 SF
      6802 Slide Rd, Lubbock, TX 79424-1506
      View Details
    • Value Estimation
      $510,000
      14,099 SF

      7705 Quaker Ave

      RETAIL STORES (PERSONAL SERVICES) • 14,099 SF
      7705 Quaker Ave, Lubbock, TX 79424-3361
      View Details
    • Value Estimation by Request
      138,202 SF

      6816 Slide Rd

      Individual retail properties • 138,202 SF
      6816 Slide Rd, Lubbock, TX 79424
      View Details
    • Value Estimation
      $535,000
      11,931 SF

      5715 82nd St

      RETAIL STORES (PERSONAL SERVICES) • 11,931 SF
      5715 82nd St, Lubbock, TX 79424-2633
      View Details

    Similar Nearby for Sale

    • $2,800,000
      10,450 SF

      Retail/Office Space on Slide Road

      High-visibility retail/office space available for lease on Slide Road.
      10301 Slide Rd, Lubbock, TX 79424
      View Details
    • Contact for pricing
      1,800 SF

      Office/Retail Property on 69th Street

      1,800 sq ft office/retail property suitable for various uses.
      5147 69Th St, Lubbock, TX 79424
      View Details
    • $2,499,999
      14,043 SF

      Lubbock Commercial Opportunity on Upland

      Prime commercial property in a rapidly growing Lubbock corridor.
      8312 Upland Ave, Lubbock, TX 79424
      View Details
    • $650,000
      4,684 SF

      Commercial Retail Property with Warehouse

      Well-maintained commercial property with warehouse, offices, and fenced stackyard.
      5929 50Th St, Lubbock, TX 79424
      View Details
    • $1,900,300
      3.49 Acres

      Prime Lubbock Land - Slide Rd

      3.49 Acres, C-2 Zoning, High Growth Area
      12411 Slide Rd, Lubbock, TX 79424
      View Details
    • Contact for pricing
      25,137 SF

      Multi-Tenant Office Building For Sale

      Three-story Class B+ multi-tenant office building with recent renovations.
      7202 Slide Rd, Lubbock, TX 79424
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr

      High-Traffic Corner Commercial Property

      Prime location with flexible options in a high-traffic area.
      7902 Slide Rd, Lubbock, TX 79424
      View Details
    • Contact for pricing

      Retail Center Near Lubbock-Cooper School

      New retail spaces available near Lubbock-Cooper Liberty High School.
      4726 Woodrow Rd, Lubbock, TX 79424
      View Details
    • Contact for pricing
      1,649 SF

      Retail Space in Lubbock Center

      Regional shopping center with high traffic and anchor tenants.
      6816 Slide Rd, Lubbock, TX 79424
      View Details
    • $15 SF/Yr
      2,090 SF

      Retail Space on 82nd Street

      Retail space for lease on high-traffic 82nd Street.
      7408 82Nd St, Lubbock, TX 79424
      View Details
    • $1.00 SF/Yr
      3,650 SF

      Affordable Shops: Lubbock County

      Prime Retail Space, New Construction
      4321 Woodrow Rd, Lubbock, TX 79424
      View Details
    • $23 SF/Yr
      2,758 SF

      Premier Office and Retail Space

      Class A office and retail space in Lubbock, Texas.
      5107 82Nd St, Lubbock, TX 79424
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5916 Loop 289 W
    Lubbock, TX 79424
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!