5313 50Th StLubbock, TX 79414

Property Details for 5313 50Th St

Year built

1975

Lot size

0.50 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $941,189

  6.5%

  $868,790

  7%

  $806,733

• Comparable approach

  Method

  Valuation

  Relative Method

  $565,988

  Geo Method

  $763,310

• Alternative Use

  Use

  Valuation

  Residential

  $1,077,299

  Hospitality

  $986,800

  Educational

  $821,006

  Medical

  $849,242

  Retail

  $1,277,121

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5483

Longitude

-101.927

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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