Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

2405 114Th St Lubbock, TX 79423

FOR SALE
Office buildings
Property ID
US82-2647795
5,000 SF 0.62 ac lot Built 1984
Last sale Apr 2021
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 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

This exceptional Class A office building, located at 2405 114th St in Lubbock, Texas, presents a unique investment opportunity. The property boasts a total of 9,950 square feet, encompassing 6,750 square feet of meticulously renovated office space and 3,200 square feet of warehouse space. The modern office area features a blend of private offices, open workspaces, a spacious conference room, a well-equipped break room, restrooms, and substantial storage. A state-of-the-art HVAC system…

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?
$3k
Tax billed · 2023
Assessed value · 2024$306k
Assessed land$81k
Assessed improvement$225k
Effective rate1.11%

Value estimate

· Nov 2026
$310k
$279k – $341k
AI approach$310k
NOI build-up
Gross scheduled income$173k
Vacancy & credit loss−$13k
Operating expenses−$24k
NOI · 6.89% cap applied$136k

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?
6.89%
$136k 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?
19
JurisdictionLUBBOCK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.1
Restaurant12.7
Law Firm12.3

Location

2405 114Th St Lubbock, TX 79423
County assessor Recorded deeds · 2 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

2 recorded sales · 15 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3909 114th, Lubbock, TX 79423 $976,000 Oct 2020 8,587 SF
2503 74th, Lubbock, TX 79423-1411 $380,000 May 2020 7,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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