Back to Search
Property profile & analytics
OFF-MARKET
Office buildings
2301 15th St Lubbock, TX 79401-3633
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-4802236
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1936
Total area
1,519 SF
Lot
0.15 ac (6,350 SF)
Zoning code
38
APN
R55379
UPID
US82-4802236
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
Betterlubbock Properties LP · 7 yrs held
Betterlubbock Properties LP
since 2018
7 recorded transactions
Zoning & alternative use
38 · 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
$1,301
Tax year 2023
Assessed value
$75,000
Assessed 2024
Previous assessed
$70,000
+7.1% YoY
Effective rate
1.73%
On assessed value
Assessed land
$2,000
Assessed improvement
$73,000
Land market value
$2,000
Improvement market value
$73,000
Total market value
$75,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1936
Heating
NONE
Total area
1,519 SF
Lot
0.15 ac (6,350 SF)
Zoning code
38
APN
R55379
UPID
US82-4802236
Jurisdiction
LUBBOCK
Zoning & alternative use
38 · Lubbock, TX
Zoning 38 · permitted uses
38 · 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
1936
Heating
NONE
Lot
0.15 ac
Current owner
From public records · entity-resolved
Betterlubbock Properties LP
Entity
Free & Clear · 7 yrs held
Mailing address
3308 59TH ST, LUBBOCK, TX 79413-5518
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2019
—
David R George
—
Deed
related
$89,288 · Lone Star State Bank Of West Texas
Jan 4, 2019
—
David R George
—
Deed
related
$89,288 · Lone Star State Bank Of West Texas
Dec 31, 2018
—
Betterlubbock Properties LP
George,david
Grant Deed
—
Nov 22, 2017
—
David George
Astonish Ventures LLC Six
Grant Deed
—
Apr 29, 2014
$74,800
Astonish Ventures LLC Series Six
Rick Dykes
Venders Lien
$74,800 · Happy State Bank
Apr 7, 2005
—
Raider Rentals
Pioneer Land & Cattle Co
Warranty Deed
related
—
—
—
Anthony L Lloyd
—
Deed Of Trust
related
$106,751 · Firstcapital Bank Of Texas NA
—
—
Rick Dykes
—
Deed Of Trust
related
$106,751 · Firstcapital Bank Of Texas NA
—
—
Rick Dykes
—
Deed Of Trust
related
$640,000 · Firstcapital Bank Of Texas NA
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?”
You own 2301 15th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
