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Property profile & analytics
FOR LEASE
Strip malls
3602 Slide Rd Lubbock, TX 79414
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US82-3044122
For Lease
1 / 6
Contact for pricing
3602 Slide Rd, Lubbock, TX 79414
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Property summary
AI-generated overview
Security Park Shopping Center, located at 3602 Slide Rd in Lubbock, Texas, offers exceptional retail or office space for lease. This multi-tenant property boasts a total of 90,387 square feet situated on 8.45 acres of land in Lubbock County (zip code 79414). Five individual spaces are currently available, ranging in size from 1,224 square feet to 2,150 square feet, providing flexibility for various business needs. The center enjoys a prime location at the intersection of Marsha Sharp Freeway and Slide Road, ensuring high visibility and significant traffic flow. This strategic positioning offers unparalleled access to a substantial customer base. Its proximity to Texas Tech University, Lubbock Christian University, and downtown Lubbock further enhances its appeal and potential for success. The property presents a unique opportunity for businesses seeking a well-established retail location with excellent visibility and convenient access to key areas within the city. The property is ideal for a variety of retail or office uses. Contact us today to learn more about leasing opportunities.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Total area
60,777 SF
Lot
5.57 ac (242,803 SF)
Zoning code
38
APN
R91327
UPID
US82-3044122
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
-
Lumio Solar Energy Company
-
BRAC Hospital
-
Malone Bobby CPA Accounting Firm Tax Preparation
-
Feel Good Nutrition Life Coach
-
Flex Cell Phone Repair Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.15M
Owner & transaction history
Isom Sp LLC · 7 yrs held
Isom Sp LLC
since 2019
3 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
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,545,000
Current use
INDUSTRIAL (GENERAL)
$1,390,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±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
$19 / 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
$57,624
Tax year 2023
Assessed value
$3,000,000
Assessed 2024
Previous assessed
$3,100,000
-3.2% YoY
Effective rate
1.92%
On assessed value
Assessed land
$728,358
Assessed improvement
$2,271,642
Land market value
$728,358
Improvement market value
$2,271,642
Total market value
$3,000,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1979
Heating
NONE
Total area
60,777 SF
Lot
5.57 ac (242,803 SF)
Zoning code
38
APN
R91327
UPID
US82-3044122
Jurisdiction
LUBBOCK
Zoning & alternative use
38 · Lubbock, TXZoning 38 · permitted uses
38 · Lubbock, TX
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
INDUSTRIAL (GENERAL)
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
1979
Heating
NONE
Lot
5.57 ac
Current owner
From public records · entity-resolved
Isom Sp LLC
Entity
Mailing address
PO BOX 246, LUBBOCK, TX 79408-0246
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2019
—
Isom Sp LLC
—
Grant Deed
related
$7,162,114 · Western Bk
May 7, 2018
—
Isom Sp LLC
—
Deed
related
$225,000 · Happy State Bank
Dec 1, 2017
—
Isom Sp LLC
—
Grant Deed
related
$1,800,000 · 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.
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