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

    6050 50Th St Lubbock, TX 79424

    • Commercial real estate
    • 3.02 lot acres
    For Sale
    View listing
    $675,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9423797
    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

    • Commercial real estate

    Property Details for 6050 50Th St

    Lot size
    3.02 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 3.02-acre commercial and industrial land parcel presents a remarkable development opportunity in Lubbock, Texas. Strategically located on 50th Street, just one block east of Milwaukee Avenue, this property enjoys high visibility and accessibility within a thriving retail corridor. The site benefits from its immediate proximity to the Canyon West Shopping Center, a major retail hub anchored by national tenants such as Target, Office Depot, Sam's Club, Burlington, Ross, and Conn's. This prime location ensures high traffic volume and strong consumer demographics. The property is zoned LI (Light Industrial), allowing for a diverse range of development possibilities. Utilities are readily available on-site, facilitating a seamless development process. Furthermore, its convenient location offers easy access to major roadways, including the Marsha Sharp Freeway and West Loop 289, providing efficient connectivity to all areas of Lubbock, including Texas Tech University, UMC, Covenant Medical Center, West End Shopping Center, and South Plains Mall. The property's proximity to Frenship Memorial High School (projected opening August 2025) further enhances its long-term value and potential. This is an exceptional opportunity to acquire a highly desirable and strategically located land parcel poised for immediate development in a rapidly growing area. The asking price is $675,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.95295811
    Latitude
    33.5493571

    Comparable in this City

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      Lubbock Industrial Land: $275K

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      Prime Lubbock Commercial Land

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    • $3,500,000
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      Prime Lubbock Commercial Land

      9.9 Acres, High-Traffic Location
      7103 Milwaukee Ave, Lubbock, TX 79424
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      1.00 Acre

      South Lubbock Commercial Land

      Prime Lubbock location, ideal for development.
      0 114Th St, Lubbock, TX 79424
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    • $825,000
      3,358 SF

      Office/Warehouse Space For Sale

      3358 SF office/warehouse located south of 82nd Street.
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    • $510,000
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      Office Warehouse Property For Sale

      Office warehouse property featuring long-term tenants.
      5811 63Rd St, Lubbock, TX 79424
      View Details

    Similar Nearby for Sale

    • $3,500,000
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      Prime Lubbock Commercial Land

      9.9 Acres, High-Traffic Location
      7103 Milwaukee Ave, Lubbock, TX 79424
      View Details
    • Contact for pricing
      8.00 Acres

      Prime Lubbock Commercial Land

      Highly sought-after Lubbock land, ideal for development.
      1585 & Upland Hwy, Lubbock, TX 79424
      View Details
    • $275,000
      0.37 Acres

      Lubbock Industrial Land: $275K

      Prime 0.366-acre industrial lot.
      0 98Th St, Lubbock, TX 79424
      View Details
    • Contact for pricing
      1.00 Acre

      South Lubbock Commercial Land

      Prime Lubbock location, ideal for development.
      0 114Th St, Lubbock, TX 79424
      View Details
    • $825,000
      3,358 SF

      Office/Warehouse Space For Sale

      3358 SF office/warehouse located south of 82nd Street.
      8349 Upland Ave, Lubbock, TX 79424
      View Details
    • $510,000
      6,924 SF

      Office Warehouse Property For Sale

      Office warehouse property featuring long-term tenants.
      5811 63Rd St, Lubbock, TX 79424
      View Details

    Similar Nearby for Lease

    • $138 SF/Yr
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      Prime Lubbock Office & Warehouse

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      5929 50Th St, Lubbock, TX 79424
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    • $1.00 SF/Yr
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      Affordable Shops: Lubbock County

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    • $525 /Mo
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      Lubbock Flex Space For Lease

      1,500 SF flex space in Southwest Lubbock.
      8224-8224 Valencia Ave, Lubbock, TX 79424
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    • $13 SF/Yr
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      Flex Space on Frankford Avenue

      Flex space with excellent visibility and ample parking available for rent.
      5044 Frankford Ave, Lubbock, TX 79424
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    • $8 SF/Yr
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      Lubbock County Warehouse Space

      1200 SF Warehouse - Single Tenant
      5152 69Th St, Lubbock, TX 79424
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    • $13 SF/Yr
      7,148 SF

      West Loop Warehouse District Flex

      Office/warehouse space in West Loop Warehouse District with freeway access.
      5845 49Th St, Lubbock, TX 79424
      View Details
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    6050 50Th St
    Lubbock, TX 79424
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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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