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Property profile & analytics
OFF-MARKET
Estimated value
$4,505,000
Distribution centers
2601 Loop 289 Lubbock, TX 79404-6901
Entity Owned
2-yr Hold
Free & Clear
Property ID
US82-2314324
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1994
Total area
189,737 SF
Lot
31 ac (1,350,360 SF)
Zoning code
38
APN
R98620
UPID
US82-2314324
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
-
Accent Engineering & Logistics, Inc. Industrial Manufacturer Production Facility
-
Smartfield, Inc. Consultant Agricultural Service
-
Gage Van Horn & Associates Inc (Bike/Boat/Book/etc) Store
-
GVH Distribution Distribution Center Logistics Company
-
Flower Turbines Metal Fabrication Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.51M
Owner & transaction history
Gve Management LLC · 2 yrs held
Gve Management LLC
since 2023
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$24 / 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
$28,354
Tax year 2023
Assessed value
$5,100,000
Assessed 2024
Previous assessed
$5,100,000
+0.0% YoY
Effective rate
0.56%
On assessed value
Assessed land
$148,540
Assessed improvement
$4,951,460
Land market value
$148,540
Improvement market value
$4,951,460
Total market value
$5,100,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1994
Heating
NONE
Total area
189,737 SF
Lot
31 ac (1,350,360 SF)
Zoning code
38
APN
R98620
UPID
US82-2314324
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
1994
Heating
NONE
Lot
31 ac
Current owner
From public records · entity-resolved
Gve Management LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2601 SE LOOP 289, LUBBOCK, TX 79404-6901
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2023
—
Gve Management LLC
Byler INC
Warranty Deed
—
Jul 14, 2022
—
Furgerson & Schmidt LLC
Furgeson Schmidt Partnersip
Correction Deed
related
$4,720,000 · American Bank Of Commerce
Jun 17, 2021
—
Furgerson & Schmidt LLC
Furgerson Schmidt Partnership
Warranty Deed
$4,720,000 · American Bank Of Commerce
Oct 9, 2020
—
Furgerson
Furgerson Schmidt Paternship
Quit Claim Deed
related
—
Jun 29, 2020
—
Furgerson-schmidt Ptshp
—
Deed
related
—
Sep 5, 2018
—
Furgerson & Schmidt LLC
—
Deed
related
$3,104,746 · American Bk/commerce
Sep 27, 2005
—
Furgerson-schmidt Ptshp
Loop 289 Ltd Ptrs
Warranty Deed
related
—
—
—
Furgerson-schmidt Ptshp
—
Deed Of Trust
related
$1,000,000 · American Bk/commerce
—
—
Furgerson-schmidt Ptshp
—
Loan Modification
related
—
—
—
Furgerson-schmidt Partnership
—
Deed Of Trust
related
$908,603 · American Bank Of Commerce
—
—
Furgerson-schmidt Ptshp
—
Loan Modification
related
—
—
—
Furgerson-schmidt Ptshp
—
Deed Of Trust
related
$1,700,000 · American Bank Of Commerce
—
—
Furgerson-schmidt Ptshp
—
Deed Of Trust
related
$100,000 · American Bank Of Commerce
—
—
Furgerson-schmidt Ptshp
—
Loan Modification
related
$1,500,000 · American Bk/commerce
—
—
Furgerson & Schmidt LLC
—
Deed Of Trust
related
$3,104,746 · American Bk/commerce
—
—
Furgerson-schmidt Partnership
—
Deed Of Trust
related
$2,986,151 · American Bank Of Commerce
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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