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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Commercial real estate
12109 Indiana Ave Lubbock, TX 79423
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3205657
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2020
Total area
9,480 SF
Lot
1.2 ac (52,060 SF)
APN
R301567
UPID
US82-3205657
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.25M
Owner & transaction history
Curt W Davis · 5 yrs held
Curt W Davis
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$965,000
+9.5%
Office building
$960,000
+8.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$885,000
Current use
RESTAURANT
$965,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$960,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$835,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±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
$131 / 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
$32,616
Tax year 2023
Assessed value
$2,113,635
Assessed 2024
Previous assessed
$1,550,000
+36.4% YoY
Effective rate
1.54%
On assessed value
Assessed land
$364,420
Assessed improvement
$1,749,215
Land market value
$364,420
Improvement market value
$1,749,215
Total market value
$2,113,635
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2020
Heating
NONE
Total area
9,480 SF
Lot
1.2 ac (52,060 SF)
APN
R301567
UPID
US82-3205657
Jurisdiction
LUBBOCK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$885,000
RESTAURANT
Est. value
$965,000
OFFICE BUILDING
Est. value
$960,000
AUTO REPAIR, GARAGE
Est. value
$835,000
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Lot
1.2 ac
Current owner
From public records · entity-resolved
Curt W Davis
Individual
Mailing address
13805 MEMPHIS AVE, LUBBOCK, TX 79423-5204
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2021
$153,750
Curt W Davis
Mck Properties LLC
Warranty Deed
$153,750 · Texas Tech FCU
Sep 22, 2020
—
Mck Properties LLC
—
Deed
related
$1,808,750 · Peoples Bk
Aug 26, 2019
—
Mck Properties LLC
Built For Dreams R/e Invs LLC
Grant Deed
$1,808,750 · Peoples Bk
Oct 25, 2017
—
Built For Dreas Real Estate Investm
—
Deed
related
$130,000 · First Bank & Trust Co
Nov 21, 2013
—
Built Of Dreams R & E Invs LLC
Nolan Greak Self-directed
Grant Deed
$113,430 · American Bk/commerce
—
—
Built For Dreams Real Investme
—
Loan Modification
related
$114,130 · American Bk/commerce
—
—
Built For Dreams R & E Invs LLC
—
Loan Modification
related
—
—
—
Built Of Dreams Real Estate Inves
—
Loan Modification
related
$113,958 · American Bk/commerce
—
—
Built Of Dreams Real Est Invs LLC
—
Loan Modification
related
$113,576 · American Bk/commerce
—
—
Mck Properties LLC
—
Loan Modification
related
$1,808,750 · Peoples 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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