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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Warehouses
400 Hwy 62-82 Idalou, TX 79329-2016
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US82-5560157
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2021
Total area
8,400 SF
Lot
29.5 ac (1,284,846 SF)
Zoning code
32
APN
R135481
UPID
US82-5560157
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.11M
Owner & transaction history
Jack Seed & Supply LLC · 5 yrs held
Jack Seed & Supply LLC
since 2020
4 recorded transactions
Zoning & alternative use
32 · Idalou, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+39.8%
Restaurant
$935,000
+2.1%
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 Idalou submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Idalou 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
WAREHOUSE, STORAGE
$915,000
Current use
COMMERCIAL (GENERAL)
$1,280,000
Change: +40% · Conversion: Difficult
RESTAURANT
$935,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$730,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±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
$132 / 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
$14,102
Tax year 2023
Assessed value
$750,930
Assessed 2024
Previous assessed
$756,347
-0.7% YoY
Effective rate
1.88%
On assessed value
Assessed land
$6,155
Assessed improvement
$744,775
Land market value
$6,155
Improvement market value
$744,775
Total market value
$750,930
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Heating
NONE
Total area
8,400 SF
Lot
29.5 ac (1,284,846 SF)
Zoning code
32
APN
R135481
UPID
US82-5560157
Jurisdiction
LUBBOCK
Zoning & alternative use
32 · Idalou, TXZoning 32 · permitted uses
32 · Idalou, 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
WAREHOUSE, STORAGE Current
Est. value
$915,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
RESTAURANT
Est. value
$935,000
AUTO REPAIR, GARAGE
Est. value
$730,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
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
2021
Heating
NONE
Lot
29.5 ac
Current owner
From public records · entity-resolved
Jack Seed & Supply LLC
Entity
Mailing address
PO BOX 1007, IDALOU, TX 79329-1007
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2020
—
Jack Seed & Supply LLC
Randall Thetford
Correction Deed
related
$276,250 · Vista Bk
Oct 31, 2011
—
Randall Thetford
Thetford,ronald
Quit Claim Deed
related
—
Jan 1, 2006
—
Ronald W Thetford
Thetford,linnie S
Quit Claim Deed
related
—
—
—
Jack Seed & Supply LLC
—
Deed Of Trust
related
$276,250 · Vista 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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