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Property profile & analytics
FOR LEASE
Warehouses
2011 Fm 1729 Lubbock, TX 79403
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2494579
For Lease
1 / 9
$1,500/Mo
2011 Fm 1729, Lubbock, TX 79403
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Total area
2,000 SF
Lot
1.44 ac (62,552 SF)
Zoning code
27
APN
R95426
UPID
US82-2494579
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
by Request
Owner & transaction history
Drill Pier Construction LLC · 6 yrs held
Drill Pier Construction LLC
since 2020
6 recorded transactions
Zoning & alternative use
27 · Lubbock, 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 Lubbock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lubbock 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
—
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
$1,451
Tax year 2023
Assessed value
$110,124
Assessed 2024
Previous assessed
$110,124
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$12,510
Assessed improvement
$97,614
Land market value
$12,510
Improvement market value
$97,614
Total market value
$110,124
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
For Lease
Year built
2007
Heating
NONE
Total area
2,000 SF
Lot
1.44 ac (62,552 SF)
Zoning code
27
APN
R95426
UPID
US82-2494579
Jurisdiction
LUBBOCK
Zoning & alternative use
27 · Lubbock, TX
Zoning 27 · permitted uses
27 · Lubbock, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lubbock. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Lot
1.44 ac
Current owner
From public records · entity-resolved
Drill Pier Construction LLC
Entity
Mailing address
8620 E PO BOX 1288, ARTESIA, NM 88211-1288
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2020
—
Drill Pier Construction LLC
Tommy M Ross
Warranty Deed
$93,500 · Vista Bk
Sep 9, 2019
—
Patrick Midkiff
—
Deed
related
$171,126 · Aimbank
Aug 16, 2012
—
Chad Buxkemper
Ross,tommy & Patsy
Grant Deed
related
—
Nov 28, 2007
—
Drill Pier Construction LLC
Ross,tommy M
Warranty Deed
$50,000 · John E Seay
—
—
Chad E Buxkemper
—
Deed Of Trust
related
$112,729 · Weststar Loan Servicing Co
—
—
Patrick Midkiff
—
Loan Modification
related
$171,126 · Aimbank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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