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Property profile & analytics
OFF-MARKET
Estimated value
$1,910,000
Office buildings
1406 Quinlan St, New Deal, TX 79350
Entity Owned
8-yr Hold
Property ID
US82-2353043
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2012
Total area
37,378 SF
Lot
7.08 ac (308,318 SF)
Zoning code
34
APN
R146656
UPID
US82-2353043
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
by Request
Blend (final)
Blend
$1.91M
Owner & transaction history
Ranch At Dove Tree LLC · 8 yrs held
Ranch At Dove Tree LLC
since 2018
2 recorded transactions
Zoning & alternative use
34 · New Deal, 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 New Deal submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Deal 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$51 / 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
$69,261
Tax year 2023
Assessed value
$3,059,796
Assessed 2024
Previous assessed
$3,059,796
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$63,702
Assessed improvement
$2,996,094
Land market value
$63,702
Improvement market value
$2,996,094
Total market value
$3,059,796
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2012
Heating
CENTRAL
Cooling
CENTRAL
Bathrooms
7
Total area
37,378 SF
Lot
7.08 ac (308,318 SF)
Zoning code
34
APN
R146656
UPID
US82-2353043
Jurisdiction
LUBBOCK
Zoning & alternative use
34 · New Deal, TX
Zoning 34 · permitted uses
34 · New Deal, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Deal. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2012
Heating
CENTRAL
Cooling
Yes
Bathrooms
7
Lot
7.08 ac
Current owner
From public records · entity-resolved
Ranch At Dove Tree LLC
Entity
Mailing address
1406 E COUNTY RD 5800, LUBBOCK, TX 79403-6700
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2018
—
Ranch At Dove Tree LLC
—
Grant Deed
related
$135,000,000 · National Banking Association
Jun 21, 2010
—
Ranch At Dove Tree LLC
—
Trustees Deed
related
$499,950 · Frost National 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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