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Property profile & analytics
FOR LEASE
Strip malls
4206 19Th St Lubbock, TX 79416
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-1752558
For Lease
Contact for pricing
4206 19Th St, Lubbock, TX 79416
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2014
Total area
17,114 SF
Lot
0.57 ac (24,746 SF)
Zoning code
38
APN
R107951
UPID
US82-1752558
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
-
Tea2Go Peoria Restaurant Cafe & Coffee Shop
-
footTech Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Wellnest Rehabilitation Medical Clinic
-
Advanced Home Health Home Health Care Service
-
DoubleDave's Pizzaworks Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$790k
Owner & transaction history
Paulena LP · 12 yrs held
Paulena LP
since 2013
7 recorded transactions
Zoning & alternative use
38 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+47.7%
Warehouse, storage
$885,000
+28.7%
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
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$685,000
Current use
RETAIL STORES
$1,015,000
Change: +48% · Conversion: Easy
WAREHOUSE, STORAGE
$885,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$620,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$46 / 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
$38,953
Tax year 2023
Assessed value
$2,050,000
Assessed 2024
Previous assessed
$2,095,550
-2.2% YoY
Effective rate
1.90%
On assessed value
Assessed land
$136,103
Assessed improvement
$1,913,897
Land market value
$136,103
Improvement market value
$1,913,897
Total market value
$2,050,000
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
2014
Heating
NONE
Total area
17,114 SF
Lot
0.57 ac (24,746 SF)
Zoning code
38
APN
R107951
UPID
US82-1752558
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
$685,000
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$885,000
OFFICE BUILDING
Est. value
$620,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
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
2014
Heating
NONE
Lot
0.57 ac
Current owner
From public records · entity-resolved
Paulena LP
Entity
Free & Clear · 12 yrs held
Mailing address
2202 AVE AVE E, LUBBOCK, TX 79404-1033
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Sep 11, 2020
—
Paulena LP
—
Deed
related
$2,157,921 · Amarillo Nat'l Bk
Sep 5, 2013
—
Paulena LP
Kiousis,john
Grant Deed
—
Oct 22, 2009
—
American Twr Asset Sub II LLC
Ruble,richard & Terri
Warranty Deed
—
Jun 19, 2006
—
Richard M Ruble
—
Trustees Deed
related
$120,000 · American Bank Of Commerce
—
—
Paulena LP
—
Loan Modification
related
$2,900,000 · Amarillo Nat'l Bk
—
—
Paulena LP
—
Loan Modification
related
$2,899,900 · Amarillo Nat'l Bk
—
—
Paulena LP
—
Loan Modification
related
$2,900,000 · Amarillo Nat'l Bk
—
—
Paulena LP
—
Loan Modification
related
$2,157,921 · Amarillo Nat'l 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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