Individually Owned 
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4805 N Interstate 27, Lubbock, TX 79403
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Property summary
AI-generated overview
4805 N I-27 is a multi-building industrial complex with direct exposure and vehicular access to Interstate 27. The site covers approximately 6.97 acres and includes a mix of office and warehouse uses as well as retail/flex space across six separate structures, totaling about 27,744 square feet. Improvements consist of a 1,669-square-foot standalone office building, an 800-square-foot storage building, and a 7,575-square-foot office/warehouse building that was renovated in 2019. Additional facilities include a 9,000-square-foot office/retail/warehouse building constructed in 2021, and two newer warehouse buildings completed in 2023 and 2024 with approximate sizes of 1,200 and 7,500 square feet, respectively. The property features a large outdoor yard area suitable for equipment storage, staging/stacking uses, and potential future expansion, supporting logistics, distribution, and general operational workflows for business activities that require scalable space.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
2021
Total area
15,350 SF
Lot
4.89 ac (213,139 SF)
Zoning code
38
APN
R67706
UPID
US82-4891276
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
General Contractor Construction Company
-
Big Box & Wholesale Store Building Supply
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.75M
Owner & transaction history
since 2019
7 recorded transactions
Zoning & alternative use
38 · Lubbock, TX
Top alternative use upside
Commercial (general)
$1.9M
+116.9%
Restaurant
$1.7M
+93.2%
Auto repair, garage
$1.4M
+58.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.75M
Value range
$1.58M – $1.93M
±10% around blend
Estimated value / SF
$114 / SF
Confidence
Property data
88
Comparable evidence
60
Income certainty
100
$1.58M
blend $1.75M
$1.93M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
15,350 SF
Lot area
4.89 ac
Year built
2021
APN
R67706
Zoning
38
Assessed value
$1,165,061
Annual tax
$19,377
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$19,377
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.45M
Range $386k – $1.45M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.75M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+117%
vs current-use indication
Restaurant
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
8.45%
Selected cap rate for this other warehouses
Derived from the Lubbock market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.45%
9.0%
NOI (est.)
$313k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.70M
Move the market yield to see immediate price impact.
Value / SF
$241
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.95%8.45%8.95%
$281k
$3.54M
$3.33M
$3.14M
$313k
$3.93M
$3.70M
$3.49M
$344k
$4.32M
$4.07M
$3.84M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,377
Tax year 2023
Assessed value
$1,165,061
Assessed 2024
Previous assessed
$1,165,061
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$21,316
Assessed improvement
$1,143,745
Land market value
$21,316
Improvement market value
$1,143,745
Total market value
$1,165,061
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
2021
Heating
NONE
Buildings
2
Bathrooms
1
Total area
15,350 SF
Lot
4.89 ac (213,139 SF)
Zoning code
38
APN
R67706
UPID
US82-4891276
Jurisdiction
LUBBOCK
Zoning & alternative use
38 · Lubbock, TXZoning 38 · permitted uses
38 · Lubbock, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2021
Heating
NONE
Buildings
2
Bathrooms
1
Lot
4.89 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
38
Jurisdiction
Lubbock, TX
Recorded code
38
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 38 in Lubbock, TX.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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