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Property profile & analytics
FOR SALE
Warehouses
3909 Upland Ave Lubbock, TX 79407
Entity Owned
Absentee Owner
Free & Clear
Property ID
US83-2986716
For Sale
$875,000
3909 Upland Ave, Lubbock, TX 79407
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Property summary
AI-generated overview
This exceptional 3.348-acre commercial lot in Lubbock, Texas, presents a unique investment opportunity. Ideally situated on a corner lot at 3909 Upland Ave, Lubbock, TX 79407, it's just a block away from the new Frenship ISD school, ensuring high visibility and substantial daily traffic. Zoned Neighborhood Commercial (NC), this property offers diverse development possibilities, including daycare, medical facilities, offices, retail spaces, and restaurants. The lot boasts a brick fence along its northern border and is bordered by a paved alley to the east. Existing residential development in the Frenship East area provides a strong foundation for consistent customer traffic. A new survey is available. The listed acreage accurately reflects the right-of-way granted by the developer for Upland Avenue expansion. This property is priced competitively for a quick sale, representing significant value compared to similar properties in the area
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2023
Total area
8,300 SF
Lot
4.24 ac (184,825 SF)
APN
R343874
UPID
US83-2986716
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
-
Affordable Storage 39th and Upland Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$445k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$640k
Blend (final)
Blend
$545k
Owner & transaction history
AFFORDABLE STORAGE AT 39TH & UPLAND LLC
AFFORDABLE STORAGE AT 39TH & UPLAND LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$800,000
+86.4%
Auto repair, garage
$730,000
+70.6%
Commercial (general)
$660,000
+54.2%
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
$445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$430,000
Current use
RESTAURANT
$800,000
Change: +86% · Conversion: Difficult
AUTO REPAIR, GARAGE
$730,000
Change: +71% · Conversion: Easy
COMMERCIAL (GENERAL)
$660,000
Change: +54% · Conversion: Difficult
RETAIL STORES
$490,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$66 / 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
$355
Tax year 2023
Assessed value
$3,300,000
Assessed 2024
Previous assessed
$3,300,000
+0.0% YoY
Effective rate
0.01%
On assessed value
Assessed land
$59,399
Assessed improvement
$3,240,601
Land market value
$59,399
Improvement market value
$3,240,601
Total market value
$3,300,000
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
For Sale
Year built
2023
Buildings
10
Total area
8,300 SF
Lot
4.24 ac (184,825 SF)
APN
R343874
UPID
US83-2986716
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$430,000
RESTAURANT
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$660,000
RETAIL STORES
Est. value
$490,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
2023
Buildings
10
Lot
4.24 ac
Current owner
From public records · entity-resolved
AFFORDABLE STORAGE AT 39TH & UPLAND LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3110 FRANKFORD AVE, LUBBOCK, TX 79407-7847
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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