5012 50Th StLubbock, TX 79414

Property Details for 5012 50Th St

Year built

2007

Lot size

1.36 AC

Property size (Sq ft)

19,200 SF

Zone code

9938

Property type

Office buildings

APN

R87046

APU

R87046

Description

This exceptional 871 square foot office space is available for lease within The Enclave, a Class B office building located at 5012 50th St, Lubbock, TX 79414. Built in 2007, The Enclave offers a traditional office setting within a multi-tenant building totaling 19,200 square feet. This particular suite boasts three private offices, providing ample space for a variety of business needs. Its location in a high-traffic area ensures excellent visibility and accessibility for clients and employees alike. The modern design and layout create a professional and efficient work environment. The property is conveniently situated in Lubbock, Texas, offering easy access to major roadways and local amenities. This is an ideal opportunity for businesses seeking a well-maintained, conveniently located office space in a thriving area. The suite is ready for immediate occupancy. Interested parties should inquire about lease terms and availability. The building's address is easily accessible and benefits from high visibility. This space is perfect for businesses seeking a professional and efficient workspace in a desirable Lubbock location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,848,490

  6.5%

  $2,629,376

  7%

  $2,441,563

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,712,952

  Geo Method

  $2,310,144

• Alternative Use

  Use

  Valuation

  Residential

  $3,260,426

  Hospitality

  $2,986,533

  Educational

  $2,484,760

  Medical

  $2,570,215

  Retail

  $3,865,182

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5496

Longitude

-101.919

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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