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Property profile & analytics
OFF-MARKET
Retail space
2316 Clovis Rd Lubbock, TX 79415-3040
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4749466
Property summary
AI-generated overview
This single-tenant, 6,816-square-foot warehouse, located at 2316 Clovis Rd, Lubbock, TX 79415, presents a unique opportunity. Built in 1958, this Class C property sits on a 0.46-acre lot (20,160 square feet) and offers convenient access to major highways and railways. The building features a showroom space at the front, ideal for retail display, and a loading dock at the rear, perfect for efficient warehousing and distribution. One dock-high door and a second overhead door provide versatile access. The interior space is adaptable to various business needs. Ample parking is available with eight total spaces, plus additional lot space for storage. The property is zoned LI and includes one building with one story. This is an excellent location for retail, wholesale, or distribution businesses seeking a well-situated, functional space.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1958
Total area
6,816 SF
Lot
0.24 ac (10,638 SF)
Zoning code
38
APN
R120240
UPID
US82-4749466
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
Bnd Properties LLC · 7 yrs held
Bnd Properties LLC
since 2019
2 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
$1,444
Tax year 2023
Assessed value
$88,109
Assessed 2024
Previous assessed
$77,694
+13.4% YoY
Effective rate
1.64%
On assessed value
Assessed land
$5,319
Assessed improvement
$82,790
Land market value
$5,319
Improvement market value
$82,790
Total market value
$88,109
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1958
Heating
NONE
Total area
6,816 SF
Lot
0.24 ac (10,638 SF)
Zoning code
38
APN
R120240
UPID
US82-4749466
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
1958
Heating
NONE
Lot
0.24 ac
Current owner
From public records · entity-resolved
Bnd Properties LLC
Entity
Mailing address
103 N TEMPLE AVE, LUBBOCK, TX 79415-3611
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2019
—
Bnd Properties LLC
Fireplaces Unlimited Ltd
Venders Lien
$250,000 · Happy State Bank
—
—
Fireplaces Unlimited Ltd
—
Deed Of Trust
related
$995,000 · Citybank
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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