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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Strip malls
2407 9th St Ste 200, Lubbock, TX 79401-2420
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-5170232
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2011
Total area
21,942 SF
Lot
2.05 ac (89,105 SF)
APN
R311407
UPID
US82-5170232
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
Current use
Occupant on record · Public records
-
Tikka Shack Indian Grub Restaurant
-
Amazon Hub Locker+ (Lubbock) Courier Service Postal Service
-
Byte Federal Bitcoin ATM (Endzone Liquor Overton Park) Crypto Atm Atm
-
Barefoot Campus Outfitter Clothing Store
-
Hawaii Poke & Ramen Lubbock, TX Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$995k
Owner & transaction history
Vista 2407 Plaza Ltd · 1 yrs held
Vista 2407 Plaza Ltd
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+70.4%
Commercial (general)
$1.3M
+51.4%
Warehouse, storage
$1.3M
+44.2%
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
Method
Estimation
Statistic approach
by Request
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$880,000
Current use
RETAIL STORES
$1,500,000
Change: +70% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,330,000
Change: +51% · Conversion: Easy
WAREHOUSE, STORAGE
$1,270,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$45 / SF
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
$77,476
Tax year 2023
Assessed value
$3,914,000
Assessed 2024
Previous assessed
$3,800,000
+3.0% YoY
Effective rate
1.98%
On assessed value
Assessed land
$1,782,100
Assessed improvement
$2,131,900
Land market value
$1,782,100
Improvement market value
$2,131,900
Total market value
$3,914,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2011
Heating
NONE
Total area
21,942 SF
Lot
2.05 ac (89,105 SF)
APN
R311407
UPID
US82-5170232
Jurisdiction
LUBBOCK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$880,000
RETAIL STORES
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2011
Heating
NONE
Lot
2.05 ac
Current owner
From public records · entity-resolved
Vista 2407 Plaza Ltd
Individual
Mailing address
6336 GREENVILLE AVEC DALLAS
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
—
Vista 2407 Plaza Ltd
2407 9th Street LLC
Special Warranty Deed
$4,350,000 · Standard Insurance Co
Oct 3, 2019
—
Fearless Plaza LLC
Pickering R/e Hldgs LLC
Grant Deed
related
—
Apr 3, 2013
—
Pickering Real Estate Holdings
City Bk
Grant Deed
—
Feb 5, 2013
$4,600,000
City Bk
Hicks,michael
Trustees Deed
related
—
Dec 14, 2012
—
City Bk
Lkm Matador Real Estate LLC
Grant Deed
—
—
—
Lkm Matador Real Estate LLC
—
Deed Of Trust
related
$650,000 · City Bank
—
—
Mccanton Woods Lc
—
Deed Of Trust
related
$1,000,000 · City Bank
—
—
Mccanton Woods Lc
—
Deed Of Trust
related
$200,000 · City Bank Texas
—
—
Mccanton Woods Lc
—
Loan Modification
related
$26,971,712 · City Bk
—
—
Mccanton Woods Lc
—
Loan Modification
related
$26,971,712 · City Bk
—
—
Pickering R & E Hldgs LLC
—
Deed Of Trust
related
$3,167,000 · Rh Pickering Fam Invs LP
—
—
Lkm Matador Real Estate LLC
—
Deed Of Trust
related
$283,000 · City Bank
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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