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Property profile & analytics
OFF-MARKET
Estimated value
$3,245,000
Office buildings
2510 Marsha Sharp Fwy Lubbock, TX 79415-3404
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US82-5150352
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2010
Total area
16,002 SF
Lot
1.28 ac (55,879 SF)
APN
R317816
UPID
US82-5150352
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
-
Domino's Pizza Take-out & Catering
-
Merrill Lynch Financial Advisor Shawn M Johnson Financial Advisor
-
Merrill Lynch Financial Advisor Kyle Fulton Financial Advisor
-
Merrill Lynch Financial Advisor Thomas Todd Thompson Financial Advisor
-
Merrill Lynch Financial Advisor Risa L Jones Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.44M
Comparable Approach
Comparable
$3.06M
Blend (final)
Blend
$3.25M
Owner & transaction history
Dust Bowl LLC · 8 yrs held
Dust Bowl LLC
since 2018
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+22.1%
Restaurant
$2.0M
+17.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,720,000
6.5%
$3,435,000
7%
$3,190,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,060,000
Change: +22% · Conversion: Easy
RESTAURANT
$1,985,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$3.25M
Range $2.92M – $3.57M · ±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
$203 / 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
$54,974
Tax year 2023
Assessed value
$3,368,369
Assessed 2024
Previous assessed
$2,957,425
+13.9% YoY
Effective rate
1.63%
On assessed value
Assessed land
$838,185
Assessed improvement
$2,530,184
Land market value
$838,185
Improvement market value
$2,530,184
Total market value
$3,368,369
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
2010
Heating
NONE
Total area
16,002 SF
Lot
1.28 ac (55,879 SF)
APN
R317816
UPID
US82-5150352
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
COMMERCIAL (GENERAL)
Est. value
$2.1M
RESTAURANT
Est. value
$2.0M
COMMERCIAL (GENERAL)
RESTAURANT
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
2010
Heating
NONE
Lot
1.28 ac
Current owner
From public records · entity-resolved
Dust Bowl LLC
Entity
Mailing address
PO BOX 1948, COLLEYVILLE, TX 76034-1948
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2018
—
Dust Bowl LLC
Tao 320 Ps1 Pl
Special Warranty Deed
$3,454,500 · Wells Fargo Bank NA
Feb 13, 2017
—
Tao-320ps1 LP
—
Deed
related
$190,000 · Happy Sts Bk
—
—
Tao-320ps1 LP
—
Deed Of Trust
related
$94,171 · First United Bk
—
—
Tao-320ps1 LP
—
Deed Of Trust
related
$190,000 · Happy Sts Bk
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
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