1314 50Th StLubbock, TX 79412

Property Details for 1314 50Th St

Year built

1976

Lot size

0.34 AC

Property size (Sq ft)

3,658 SF

Zone code

38

Property type

Office buildings

APN

R67523

APU

R67523

Description

This Lubbock, Texas office building at 1314 50th Street offers two immediately available traditional office suites perfect for small businesses. Suite 102, approximately 565 square feet, includes a reception area, two private offices, and a storage room. Suite 103, approximately 519 square feet, features a reception area and three private offices. Suite 103 boasts recently updated paint and carpeting. Both suites share a common bathroom and break area with one other suite within the 3,658 square foot building. The building is ideally suited for standard Monday-Friday, 8 am to 5 pm office operations. Leasing is on a modified gross basis, with tenants responsible for a small, flat monthly fee covering water and sewer utilities. Phone and internet services are not included. Located in Lubbock County, Texas, with easy access to major roadways, this property presents a fantastic opportunity for businesses seeking efficient and well-maintained office space. The address is 1314 50th Street, Lubbock, TX 79412.

• CAP approach

  CAP return

  Valuation

  6%

  $542,697

  6.5%

  $500,951

  7%

  $465,169

• Comparable approach

  Method

  Valuation

  Relative Method

  $326,353

  Geo Method

  $440,131

• Alternative Use

  Use

  Valuation

  Residential

  $621,179

  Hospitality

  $568,997

  Educational

  $473,399

  Medical

  $489,679

  Retail

  $736,398

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5492

Longitude

-101.85

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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