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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Specialty properties
3610 22nd St Lubbock, TX 79410-1350
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US82-4130170
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
2006
Total area
38,580 SF
Lot
0.99 ac (43,021 SF)
Zoning code
9938
APN
R88000
UPID
US82-4130170
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
-
Covenant NeuroScience Institute Medical Clinic
-
Covenant Sleep Center Medical Clinic
-
High Plains Epilepsy Association Social Service Agency Charitable Organization
-
West Tx Parkinsonism Society Association Or Organization
-
National Multiple Sclerosis Society Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.08M
Owner & transaction history
Covenant Health System · 8 yrs held
Covenant Health System
since 2017
7 recorded transactions
Zoning & alternative use
9938 · 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
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$1,755,000
Current use
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±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
$28 / 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
Assessed value
$467,057
Assessed 2024
Previous assessed
$9,069,092
-94.9% YoY
Assessed land
$458,174
Assessed improvement
$8,883
Land market value
$458,174
Improvement market value
$8,883
Total market value
$467,057
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
2006
Heating
NONE
Buildings
2
Total area
38,580 SF
Lot
0.99 ac (43,021 SF)
Zoning code
9938
APN
R88000
UPID
US82-4130170
Jurisdiction
LUBBOCK
Zoning & alternative use
9938 · Lubbock, TX
Zoning 9938 · permitted uses
9938 · 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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$1.8M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
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
2006
Heating
NONE
Buildings
2
Lot
0.99 ac
Current owner
From public records · entity-resolved
Covenant Health System
Individual
Mailing address
3615 19TH ST, LUBBOCK, TX 79410-1203
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2017
—
Covenant Health System
Mpd Dev LP
Grant Deed
related
—
Aug 24, 2005
—
Mpd Develop Ltd Ptshp
Mpd Dev LP
Quit Claim Deed
related
—
Mar 4, 2005
—
Owner Name Unavailable
Methodist Hospital
Warranty Deed
related
—
—
—
High Plains Surgery Center LP
—
Deed Of Trust
related
$500,000 · Lubbock National Bank
—
—
High Plains Surgery Center LP
—
Deed Of Trust
related
$2,300,000 · Lubbock National Bank
—
—
Mpd Dev LP
—
Deed Of Trust
related
$10,067,710 · Happy Sts Bk
—
—
Mpd Dev
—
Deed Of Trust
related
$10,070,000 · Merrill Lynch Mortgage Lending
—
—
High Plains Surgery Center LP
—
Deed Of Trust
related
$250,000 · Lubbock National 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.
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