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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Warehouses
1500 Woodrow Rd Slaton, TX 79364-2719
Entity Owned
6-yr Hold
Free & Clear
Property ID
US82-2428378
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
4,520 SF
Lot
1 ac (43,560 SF)
Zoning code
26
APN
R150399
UPID
US82-2428378
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
$696k
Blend (final)
Blend
$645k
Owner & transaction history
Slaton Economic Dev Corp · 6 yrs held
Slaton Economic Dev Corp
since 2020
5 recorded transactions
Zoning & alternative use
26 · Slaton, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$685,000
+52.7%
Office building
$645,000
+43.8%
Retail stores
$480,000
+6.4%
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 Slaton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Slaton 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
WAREHOUSE, STORAGE
$450,000
Current use
COMMERCIAL (GENERAL)
$685,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$645,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$480,000
Change: +6% · Conversion: Moderate
AUTO REPAIR, GARAGE
$395,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$143 / 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
$4,960
Tax year 2023
Assessed value
$245,045
Assessed 2024
Previous assessed
$245,045
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$13,068
Assessed improvement
$231,977
Land market value
$13,068
Improvement market value
$231,977
Total market value
$245,045
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
NONE
Total area
4,520 SF
Lot
1 ac (43,560 SF)
Zoning code
26
APN
R150399
UPID
US82-2428378
Jurisdiction
LUBBOCK
Zoning & alternative use
26 · Slaton, TXZoning 26 · permitted uses
26 · Slaton, TX
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
WAREHOUSE, STORAGE Current
Est. value
$450,000
COMMERCIAL (GENERAL)
Est. value
$685,000
OFFICE BUILDING
Est. value
$645,000
RETAIL STORES
Est. value
$480,000
AUTO REPAIR, GARAGE
Est. value
$395,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1999
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Slaton Economic Dev Corp
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 232, SLATON, TX 79364-0232
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2020
—
Slaton Economic Dev Corp
Slaton Economic Dev Corp
Correction Deed
related
—
Jan 16, 2015
—
Slaton Economic Dev Corp
Hurst,robert & Rosemarie
Grant Deed
—
Mar 8, 2012
$147,658
Citizens Bk
Boyd,blake
Trustees Deed
related
—
—
—
Larry Lemon
—
Deed Of Trust
related
$16,900 · Citizens Federal Bank Fsb
—
—
Larry Lemon
—
Deed Of Trust
related
$146,200 · Citizens Federal Bank Fsb
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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