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    Jaden Timmons, Lubbock, TX

    License ID: 9006918
    Progressive Properties
    Association
    Lubbock Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (909) 881-2641
    Office Address:
    6301 Indiana Ave, Lubbock, TX, 79413

    Performance

    Listings
    16

    Listings

    For Sale (14)

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    • $95,000
      0.17 Acres

      Residential Land in Vintage Township

      Desirable residential land for custom home in Lubbock, Texas.
      12006 Savannah Ave, Lubbock, TX 79424
      View Details
    • $95,000
      0.18 Acres

      Residential Land in Vintage Township

      Desirable lots in Lubbock's Vintage Township with green space.
      12008 Savannah Ave, Lubbock, TX 79424
      View Details
    • $95,000
      0.19 Acres

      Residential Land in Vintage Township

      Desirable lots in Lubbock's Vintage Township with green space.
      12010 Savannah Ave, Lubbock, TX 79424
      View Details
    • $95,000
      0.20 Acres

      Residential Land in Vintage Township

      Desirable lots in Vintage Township with green space views.
      12012 Savannah Ave, Lubbock, TX 79424
      View Details
    • $1,100,000
      4.00 Acres

      Lubbock Land with Income Potential

      4+/- acres with existing rental income and future development potential.
      7603 Alcove Ave, Lubbock, TX 79407
      View Details
    • $1,395,000
      2.00 Acres

      Prime Commercial Land in Lubbock

      High-visibility commercial land perfect for development in a growing area.
      114Th St, Lubbock, TX 79423
      View Details
    • $1,742,400
      5.00 Acres

      Highway 87 Lubbock Commercial Land

      5-Acre Tract, High Visibility, Prime Location
      10717 Hwy 87 Frd, Lubbock, TX 79404
      View Details
    • $1,393,920
      2.00 Acres

      Prime Lubbock Industrial Land

      2-Acre Hard Corner, Hwy 87 & 114th
      712 County Road 7300, Lubbock, TX 79404
      View Details
    • $871,200
      2.00 Acres

      Highway 87 Lubbock Commercial Land

      Prime 2-acre tract, high visibility, ideal for business.
      10715 Hwy 87 Frd, Lubbock, TX 79404
      View Details
    • $566,280
      2.00 Acres

      98th St Industrial Land Opportunity

      Prime 2-Acre Lubbock Industrial Tract
      502 98Th St, Lubbock, TX 79404
      View Details
    • $1,306,800
      5.00 Acres

      98th St Industrial Land - 5 Acres

      Prime Lubbock Industrial Land: 5 acres, high visibility.
      504 98Th St, Lubbock, TX 79404
      View Details
    • $2,300,000
      0.78 Acres

      Prime Lubbock Office Building

      High-traffic location, excellent investment.
      7727 Quaker Ave, Lubbock, TX 79424
      View Details
    • $2,300,000

      High-Visibility Office Building in Lubbock

      8,200 SF office building, prime location, investment or owner-occupant.
      7727 Quaker Ave, Lubbock, TX 79424
      View Details
    • $2,300,000
      8,163 SF

      High-Visibility Office Building For Sale

      8,200 SF office building in a high-traffic Lubbock location.
      7727 Quaker Ave, Lubbock, TX 79424
      View Details

    For Lease (2)

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    • $20 SF/Yr
      8,163 SF

      7727 Quaker Ave Rear

      Office properties & Spaces • 8,163 SF
      7727 Quaker Ave, Lubbock, TX 79424
      View Details
    • $22 SF/Yr
      1,041 SF

      Modern Office Space in Lubbock

      Modern 1,041 SF office space in prime Lubbock location.
      6905 82Nd St, Lubbock, TX 79424
      View Details

    Leases and Sales on Map

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    Jaden Timmons, Lubbock, TX
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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.

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