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Property profile & analytics
OFF-MARKET
Estimated value
$1,910,000
Commercial real estate
3601 21st St Lubbock, TX 79410-1229
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3720389
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1966
Total area
16,000 SF
Lot
1 ac (43,658 SF)
Zoning code
38
APN
R93122
UPID
US82-3720389
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
-
Chadwick D. Beaver, ACNP Physician
-
Stephen Grupke, MD Physician
-
Stuart Riggins Physician
-
Jonathan P. Mannas, MD Physician
-
Sixtus Atabong, PA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$1.91M
Owner & transaction history
Lubbock Mob LLC · 6 yrs held
Lubbock Mob LLC
since 2020
7 recorded transactions
Zoning & alternative use
38 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+74.0%
Office building
$1.7M
+8.8%
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
COMMERCIAL (GENERAL)
$1,590,000
Current use
RESTAURANT
$2,770,000
Change: +74% · Conversion: Difficult
OFFICE BUILDING
$1,730,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,410,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.91M
Range $1.72M – $2.10M · ±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
$119 / 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
$38,933
Tax year 2023
Assessed value
$2,094,467
Assessed 2024
Previous assessed
$2,094,467
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$305,606
Assessed improvement
$1,788,861
Land market value
$305,606
Improvement market value
$1,788,861
Total market value
$2,094,467
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1966
Heating
NONE
Total area
16,000 SF
Lot
1 ac (43,658 SF)
Zoning code
38
APN
R93122
UPID
US82-3720389
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
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.8M
OFFICE BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1966
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Lubbock Mob LLC
Entity
Mailing address
10585 SANTA MONICA BLVD FL, LOS ANGELES, CA 90025-4950
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2020
—
Lubbock Mob LLC
Lubbock Mob No 1 LLC
Quit Claim Deed
$845,000 · Stride Bk NA
Aug 26, 2016
—
Lubbock Mob No 1 LLC
Ns Development Co Ltd
Special Warranty Deed
$5,520,000 · Lubbock National Bank
Aug 24, 2016
—
Ns Dev Co Ltd
Ns Dev Co
Quit Claim Deed
—
—
—
Ns Development Co Ltd
—
Deed Of Trust
related
$465,000 · Compass Bank
—
—
Ns Development Co Ltd
—
Deed Of Trust
related
$301,520 · Compass Bank
—
—
Ns Dev Co Ltd
—
Deed Of Trust
related
$5,610,000 · State National Bank
—
—
Ns Development Co Ltd
—
Deed Of Trust
related
$5,280,000 · Happy States 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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