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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Office Spaces
1102 Broadway Lubbock, TX 79401-3304
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0168082
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1940
Total area
33,300 SF
Lot
0.14 ac (6,250 SF)
Zoning code
38
APN
R108189
UPID
US82-0168082
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
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$945k
Owner & transaction history
Hub City Main Street Investments Ll · 10 yrs held
Hub City Main Street Investments Ll
since 2015
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
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±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
$28 / 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
$30,313
Tax year 2023
Assessed value
$753,877
Assessed 2024
Previous assessed
$1,630,762
-53.8% YoY
Effective rate
4.02%
On assessed value
Assessed land
$23,438
Assessed improvement
$730,439
Land market value
$23,438
Improvement market value
$730,439
Total market value
$753,877
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
Off-Market
Year built
1940
Heating
NONE
Total area
33,300 SF
Lot
0.14 ac (6,250 SF)
Zoning code
38
APN
R108189
UPID
US82-0168082
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
0.14 ac
Current owner
From public records · entity-resolved
Hub City Main Street Investments Ll
Entity
Mailing address
2629 21ST ST, LUBBOCK, TX 79410-1518
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2019
—
Hub City Main Street Investment LLC
—
Deed
related
$400,000 · American Momentum Bank
Jul 5, 2017
—
Hub City Main Street Invs LLC
—
Grant Deed
related
$3,382,000 · First United Bk
May 11, 2017
—
Hub City Main Street Invs LLC
—
Deed
related
$989,000 · First Bk
Nov 17, 2016
—
Hub City Main Street Invs LLC
—
Deed
related
$1,000,000 · First Bk
Oct 22, 2015
—
Hub City Main Street Investments Ll
Carlock Building Ltd
Venders Lien
$1,000,000 · First Bank & Trust
Sep 1, 2006
—
Carlock Building Ltd
Wilkerson,j G JR
Grant Deed
related
—
—
—
Hub City Main Street Invs LLC
—
Loan Modification
related
$1,000,000 · First Bk
—
—
Hub City Main Street Invs LLC
—
Loan Modification
related
$989,000 · First 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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