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Property profile & analytics
OFF-MARKET
Estimated value
$4,305,000
Motels
2551 Loop 289 Lubbock, TX 79423-2943
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0100594
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1986
Total area
59,966 SF
Lot
2.25 ac (97,984 SF)
Zoning code
38
APN
R36285
UPID
US82-0100594
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
-
2551 S Loop 289 Parking Parking Lot & Garage
-
Aurora Flats Property Management Company Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.31M
Owner & transaction history
South Loop S6 LLC · 10 yrs held
South Loop S6 LLC
since 2016
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$6,120,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$6,060,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,590,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,275,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$3,655,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,905,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.31M
Range $3.87M – $4.74M · ±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
$72 / 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
$34,454
Tax year 2023
Assessed value
$3,691,063
Assessed 2024
Previous assessed
$1,853,503
+99.1% YoY
Effective rate
0.93%
On assessed value
Assessed land
$440,929
Assessed improvement
$3,250,134
Land market value
$440,929
Improvement market value
$3,250,134
Total market value
$3,691,063
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1986
Heating
NONE
Total area
59,966 SF
Lot
2.25 ac (97,984 SF)
Zoning code
38
APN
R36285
UPID
US82-0100594
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.1M
OFFICE BUILDING
Est. value
$6.1M
COMMERCIAL (GENERAL)
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.3M
RETAIL STORES
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$2.9M
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1986
Heating
NONE
Lot
2.25 ac
Current owner
From public records · entity-resolved
South Loop S6 LLC
Entity
Mailing address
1134 N 9TH ST STE #200, MILWAUKEE, WI 53233-1504
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2019
—
South Loop S6 LLC
—
Deed
related
$4,160,000 · Firstcapital Bk/tx NA
Aug 1, 2019
—
South Loop S6 LLC
—
Deed
related
$4,160,000 · Firstcapital Bk/tx NA
May 14, 2019
—
South Loop S6 LLC
—
Deed
related
$4,160,000 · Firstcapital Bk/tx NA
Mar 7, 2016
—
South Loop S6 LLC
Sa Laredo Enterprises INC
Special Warranty Deed
$4,160,000 · Firstcapital Bank Of Texas NA
May 31, 2007
—
Les Hotels II Holdings LLC
Res Inn II LP
Special Warranty Deed
$52,303,000 · Wachovia Bank NA
—
—
South Loop S6 LLC
—
Loan Modification
related
$4,160,000 · Firstcapital Bk/tx NA
—
—
Sa Laredo Enterprises INC
—
Loan Modification
related
$4,257,493 · Citizens Bk
—
—
South Loop S6 LLC
—
Loan Modification
related
$4,160,000 · Firstcapital Bk/tx NA
—
—
South Loop S6 LLC
—
Loan Modification
related
$4,160,000 · Firstcapital Bk/tx NA
—
—
Laredo Enterprises INC
—
Deed Of Trust
related
$4,575,336 · Citizens Federal Bank Fsb
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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