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Financial
Distress signals
Property profile

1923 Marsha Sharp Fwy Lubbock, TX 79415

FOR LEASE
Strip malls
Property ID
US82-2514821
18,300 SF 1.51 ac lot Built 2007
Individually Owned Owner of record is an individual. 9-yr Hold Held for 9 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a retail shopping center located near Texas Tech University and Downtown Lubbock in Lubbock, Texas, with frontage along the Marsha Sharp Freeway access road and adjacency to a Walmart Supercenter. It is positioned for convenient access to I-27, US 82, and US 84 and is configured to accommodate both retail and office uses, with suites available for either shell customization or finished build-outs. The west end-cap includes a 1,400-square-foot second-generation retail suite that…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$35k
Tax billed · 2023
Assessed value · 2024$1.57M
Assessed land$789k
Assessed improvement$777k
Effective rate2.25%

Value estimate

· Oct 2026
$720k
$648k – $792k
AI approach$530k
Submarket $/SF estimate$905k
NOI build-up
Gross scheduled income$40k
Vacancy & credit loss−$3k
Operating expenses−$11k
NOI · 212,516.67% cap applied$26k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
212,516.67%
$26k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
38
JurisdictionLUBBOCK

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop9.4
Locksmith9.0
Watch Repair Shop8.7

Location

1923 Marsha Sharp Fwy Lubbock, TX 79415
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

15 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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