Technical
Financial
Distress signals
Property profile

1606 Frankford Ave Lubbock, TX 79416

OFF-MARKET
Warehouses
Property ID
US82-7902447
11,700 SF 5.17 ac lot Built 2023
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2023
Total area 11,700 SF
Lot 5.17 ac (225,249 SF)
APN R343735
UPID US82-7902447

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Storage Facility

Location

1606 Frankford Ave Lubbock, TX 79416
Lubbock metro Census 409 LUBBOCK, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
$659k
Blend (final) Blend
$510k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Office building $775,000 +92.2%
Retail stores $745,000 +84.6%
Neighborhood: shopping center $470,000 +16.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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