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    Property profile & analytics

    13404 Indiana Ave Lubbock, TX 79423-1861

    • Strip malls
    • 6,300 SF
    • 0.75 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9626618
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Aria Nail Bar / Nail Salon
    • The Soda Shack / Restaurant
    • Domino's Pizza / Restaurant

    Property Details for 13404 Indiana Ave

    Year built
    2019
    Lot size
    0.75 lot acres
    Property size
    6,300 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    R334748
    APU
    R334748

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.888
    Latitude
    33.4728
    CBSA code
    31180
    CBSA name
    LUBBOCK, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,793
    $195,192
    $840,480
    $1,035,672
    -
    $195,192
    $840,480
    $1,035,672

    Comparable in this City

    • Value Estimation
      $1,305,000
      32,400 SF

      7301 University Ave

      SHOPPING CENTER, STRIP CENTER • 32,400 SF
      7301 University Ave, Lubbock, TX 79423-1464
      View Details
    • Value Estimation
      $620,000
      10,890 SF

      12406 Indiana Ave

      SHOPPING CENTER, STRIP CENTER • 10,890 SF
      12406 Indiana Ave, Lubbock, TX 79423-5788
      View Details
    • Value Estimation
      $690,000
      13,756 SF

      11814 Indiana Ave

      SHOPPING CENTER, STRIP CENTER • 13,756 SF
      11814 Indiana Ave, Lubbock, TX 79423-9800
      View Details
    • Value Estimation by Request
      4,800 SF

      3406 82nd St

      SHOPPING CENTER, STRIP CENTER • 4,800 SF
      3406 82nd St, Lubbock, TX 79423
      View Details
    • Value Estimation
      $595,000
      19,500 SF

      2811 Loop 289

      SHOPPING CENTER, STRIP CENTER • 19,500 SF
      2811 Loop 289, Lubbock, TX 79423-1488
      View Details
    • Value Estimation by Request
      10,932 SF

      3310 82nd St

      SHOPPING CENTER, STRIP CENTER • 10,932 SF
      3310 82nd St, Lubbock, TX 79423-2011
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,250 SF

      New Multi-Tenant Investment Property

      Built in 2023, featuring nine 1,250 SF shops.
      12309 County Road 2300, Lubbock, TX 79423
      View Details
    • $440,836
      0.85 Acres

      Retail Land on South University

      Retail tract of land in high-traffic area near restaurants.
      8902 University Ave, Lubbock, TX 79423
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    • Contact for pricing
      5,388 SF

      Lubbock Applebee's NNN Investment Opportunity

      NNN leased Applebee's with annual rent increases in Lubbock, TX.
      4025 Loop 289 S, Lubbock, TX 79423
      View Details
    • Contact for pricing
      4,397 SF

      Retail Property on 82nd Street

      Retail property available for sale in Lubbock, Texas.
      3319 82Nd St, Lubbock, TX 79423
      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
    • Contact for pricing

      Prime Commercial Lots at Intersection

      Corner lots ideal for retail, restaurant, or QSR development.
      114th St & Indiana Ave, Lubbock, TX 79423
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      1,764 SF

      Retail Space in New Center

      Newly constructed retail space available for lease in Lubbock.
      12706 Indiana Ave, Lubbock, TX 79423
      View Details
    • Contact for pricing

      Office Space in Kingsgate Center

      Office spaces available in South Lubbock's Kingsgate Shopping Center.
      4010 82Nd St, Lubbock, TX 79423
      View Details
    • Contact for pricing
      1,484 SF

      Retail Space in High-Traffic Area

      Retail space with excellent visibility and accessibility in South Lubbock.
      3402 73Rd St, Lubbock, TX 79423
      View Details
    • Contact for pricing

      Retail Space in Village Center

      Recently renovated retail center at a busy intersection.
      4414 82Nd St, Lubbock, TX 79423
      View Details
    • $12 SF/Yr
      4,020 SF

      Retail Space in Melonie Square

      Retail space available in a busy shopping center.
      8004 Indiana Dr, Lubbock, TX 79423
      View Details
    • Contact for pricing

      Premier Retail Destination in Lubbock

      High-traffic retail center with customizable spaces in vibrant community.
      4210 82Nd St, Lubbock, TX 79423
      View Details

    Property Visit Statistics

    • Visits by month
      4.8k
    • Visitors by month
      3.7k
    • Avg Time on site
      37 min
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    13404 Indiana Ave
    Lubbock, TX 79423-1861
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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.

    More about this property
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