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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Retail space
12206 Geneva Ave Lubbock, TX 79423-7955
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4833371
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Total area
6,000 SF
Lot
1.2 ac (52,060 SF)
APN
R301575
UPID
US82-4833371
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
Current use
Occupant on record · Public records
-
SouthernCarlson Building Supply Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$370k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$552k
Blend (final)
Blend
$605k
Owner & transaction history
Dulin Properties LLC · 10 yrs held
Dulin Properties LLC
since 2016
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$610,000
+67.4%
Office building
$605,000
+65.8%
Commercial (general)
$560,000
+52.9%
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
$370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$365,000
Current use
RESTAURANT
$610,000
Change: +67% · Conversion: Easy
OFFICE BUILDING
$605,000
Change: +66% · Conversion: Easy
COMMERCIAL (GENERAL)
$560,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$530,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$101 / 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
$31,597
Tax year 2023
Assessed value
$1,434,079
Assessed 2024
Previous assessed
$1,501,600
-4.5% YoY
Effective rate
2.20%
On assessed value
Assessed land
$260,300
Assessed improvement
$1,173,779
Land market value
$260,300
Improvement market value
$1,173,779
Total market value
$1,434,079
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2009
Heating
NONE
Buildings
2
Total area
6,000 SF
Lot
1.2 ac (52,060 SF)
APN
R301575
UPID
US82-4833371
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
RETAIL STORES Current
Est. value
$365,000
RESTAURANT
Est. value
$610,000
OFFICE BUILDING
Est. value
$605,000
COMMERCIAL (GENERAL)
Est. value
$560,000
AUTO REPAIR, GARAGE
Est. value
$530,000
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2009
Heating
NONE
Buildings
2
Lot
1.2 ac
Current owner
From public records · entity-resolved
Dulin Properties LLC
Entity
Mailing address
12026 RAINY OAKS DR, MAGNOLIA, TX 77354-6298
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
—
Dulin Properties LLC
—
Deed
related
$164,000 · Citizens State Bank
Oct 12, 2022
—
Dulin Properties LLC
—
Deed
related
$1,300,000 · Citizens State Bank
Sep 29, 2021
—
Dulin Properties LLC
—
Deed
related
$1,096,000 · Citizens State Bank
Jun 3, 2016
—
Dulin Properties LLC
Patzig Ents INC
Grant Deed
$403,750 · Platinum Bk
Aug 1, 2007
—
Patzig Ents INC
Nolan Greak Self-directed Psp
Warranty Deed
$65,000 · Security Bank
—
—
Patzig Ents
—
Deed Of Trust
related
$192,000 · Vista Bank
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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