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Property profile & analytics
OFF-MARKET
Estimated value
$9,605,000
Warehouses
2614 130th St Lubbock, TX 79423-2293
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-9636208
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2017
Total area
418,925 SF
Lot
37.22 ac (1,621,347 SF)
APN
R323617
UPID
US82-9636208
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
-
WTX Foundation Repair of Lubbock Charitable Organization
-
Wrench 'Em Auto Repair Auto Repair Shop
-
West Texas Cab Company Courier Service
-
Syracuse glass lubbock Hardware & Home Improvement Home Decor Store
-
Lone Star Pack n' Ship - Freight/Small Parcel/Mail Service/Printing Shipping Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.61M
Owner & transaction history
1585 A- & Rv INC · 5 yrs held
1585 A- & Rv INC
since 2020
7 recorded transactions
Zoning & alternative use
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
$23 / 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
$243,611
Tax year 2023
Assessed value
$15,800,000
Assessed 2024
Previous assessed
$15,800,000
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$810,673
Assessed improvement
$14,989,327
Land market value
$810,673
Improvement market value
$14,989,327
Total market value
$15,800,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Heating
NONE
Total area
418,925 SF
Lot
37.22 ac (1,621,347 SF)
APN
R323617
UPID
US82-9636208
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
Building & site characteristics
From public records
Year built
2017
Heating
NONE
Lot
37.22 ac
Current owner
From public records · entity-resolved
1585 A- & Rv INC
Entity
Mailing address
3110 FRANKFORD AVE, LUBBOCK, TX 79407-7847
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Dec 28, 2020
—
1585 A- & Rv INC
—
Deed
related
$1,000,000 · Plain Capital Bk
Dec 2, 2019
—
1585 A-plus Rv INC
—
Deed
related
$2,800,000 · Plainscapital Bk
Nov 27, 2019
—
1585 A-plus Rv INC
—
Deed
related
$4,291,684 · Plainscapital Bk
Mar 9, 2018
—
1585 A-plus Rv INC
—
Deed
related
$3,428,000 · Plains Cap Bk
Mar 13, 2017
—
1585 A-plus Rv INC
—
Deed
related
$1,700,000 · Plainscapital Bk
May 2, 2016
—
1585 A-plus Rv INC
—
Deed
related
$900,000 · Plainscapital Bk
—
—
1585 A-plus Rv INC
—
Loan Modification
related
$4,291,684 · Plainscapital Bk
—
—
1585 A-plus Rv INC
—
Deed Of Trust
related
$2,800,000 · Plainscapital Bk
—
—
1585 A-plus Rv INC
—
Deed Of Trust
related
$900,000 · Plainscapital Bk
—
—
1585 A-plus Rv INC
—
Deed Of Trust
related
$1,700,000 · Plainscapital Bk
—
—
1585 A-plus Rv INC
—
Deed Of Trust
related
$3,428,000 · Plains Cap Bk
—
—
1585 A- & Rv INC
—
Deed Of Trust
related
$1,000,000 · Plain Capital 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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