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Property profile & analytics
FOR SALE
Office Spaces
1013 Broadway Lubbock, TX 79401
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-4009773
For Sale
1 / 19
$500,000
1013 Broadway, Lubbock, TX 79401
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1940
Total area
23,000 SF
Lot
0.33 ac (14,375 SF)
Zoning code
38
APN
R110371
UPID
US83-4009773
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$630k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$757k
Blend (final)
Blend
$695k
Owner & transaction history
806 Dev Lc · 6 yrs held
806 Dev Lc
since 2020
7 recorded transactions
Zoning & alternative use
38 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lubbock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lubbock submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$695k
Range $626k – $765k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$30 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,647
Tax year 2023
Assessed value
$492,915
Assessed 2024
Previous assessed
$250,000
+97.2% YoY
Effective rate
0.94%
On assessed value
Assessed land
$93,438
Assessed improvement
$399,477
Land market value
$93,438
Improvement market value
$399,477
Total market value
$492,915
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1940
Heating
NONE
Total area
23,000 SF
Lot
0.33 ac (14,375 SF)
Zoning code
38
APN
R110371
UPID
US83-4009773
Jurisdiction
LUBBOCK
Zoning & alternative use
38 · Lubbock, TXZoning 38 · permitted uses
38 · Lubbock, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1940
Heating
NONE
Lot
0.33 ac
Current owner
From public records · entity-resolved
806 Dev Lc
Individual
Free & Clear · 6 yrs held
Mailing address
4613 117TH ST, LUBBOCK, TX 79424-7611
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2023
—
Bob Development Lc
—
Deed
related
$50,000 · Prosperity Bank
Sep 14, 2020
—
806 Dev Lc
—
Deed
related
$304,440 · Prosperity Bk
Jun 26, 2020
—
806 Dev Lc
International Bk Of Commerce
Grant Deed
related
—
May 7, 2019
$245,000
International Bk Of Commerce
Miles M C C|d & R Acquisitions LLC
Trustees Deed
related
—
Jul 14, 2017
—
D & R Acquisitions LLC
—
Deed
related
—
Mar 1, 2017
—
Rd7 Investments LLC
D & R Acquisitions LLC
Grant Deed
related
—
May 19, 2015
—
D & R Acquisitions LLC
Carlock Building Ltd
Grant Deed
—
Apr 5, 2007
—
Carlock Building Ltd
—
Trustees Deed
related
$1,292,423 · American State Bank
Oct 2, 2006
—
Carlock Building Ltd
Vowell,dru
Warranty Deed
—
Sep 1, 2005
—
Owner Name Unavailable
Edwards Heir Ptshp
Warranty Deed
related
—
—
—
D & R Acquisitions LLC
—
Deed Of Trust
related
—
—
—
806 Dev Lc
—
Deed Of Trust
related
$304,440 · Prosperity Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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