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Property profile & analytics
OFF-MARKET
Office buildings
3708 Upland Ave Lubbock, TX 79407-5104
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US82-4701857
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Total area
6,306 SF
Lot
1.81 ac (78,844 SF)
Zoning code
17
APN
R128670
UPID
US82-4701857
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
-
Condray Design Group Inc Architect Interior Designer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Condray Design Group INC · 12 yrs held
Condray Design Group INC
since 2014
7 recorded transactions
Zoning & alternative use
17 · 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
—
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
$6,199
Tax year 2023
Assessed value
$292,684
Assessed 2024
Previous assessed
$296,008
-1.1% YoY
Effective rate
2.12%
On assessed value
Assessed land
$32,580
Assessed improvement
$260,104
Land market value
$32,580
Improvement market value
$260,104
Total market value
$292,684
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1972
Heating
CENTRAL
Cooling
CENTRAL
Bathrooms
2
Total area
6,306 SF
Lot
1.81 ac (78,844 SF)
Zoning code
17
APN
R128670
UPID
US82-4701857
Jurisdiction
LUBBOCK
Zoning & alternative use
17 · Lubbock, TXZoning 17 · permitted uses
17 · Lubbock, TX
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
1972
Heating
CENTRAL
Cooling
Yes
Bathrooms
2
Lot
1.81 ac
Current owner
From public records · entity-resolved
Condray Design Group INC
Entity
Mailing address
3708 UPLAND AVE, LUBBOCK, TX 79407-5104
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Feb 21, 2020
—
Condray Design Group INC
—
Deed
related
$425,000 · First United Bk
Apr 11, 2014
—
Condray Design Group INC
Dudley,rickie
Warranty Deed
$275,000 · Ken & Karinda Condray
Apr 11, 2011
—
Rickie Dudley
—
Trustees Deed
related
$195,000 · American State Bank
—
—
Rickie Dudley
—
Deed Of Trust
related
$170,838 · Prosperity Bank
—
—
Dudley,rickie
—
Deed Of Trust
related
$182,174 · American State Bank
—
—
Condray Design Group INC
—
Deed Of Trust
related
$425,000 · First United Bk
—
—
Rickie Dudley
—
Deed Of Trust
related
$186,525 · American State 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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