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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Strip malls
5004 Frankford Ave 500, Lubbock, TX 79424-1143
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2330886
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
42,090 SF
Lot
3.16 ac (137,857 SF)
APN
R167858
UPID
US82-2330886
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
-
Stacks Social Club Community Center
-
Sandra Dickerson Mdpa Physician
-
Cathy Malouf Physician
-
Cheryl Caffey Landry Pediatrician Medical Clinic
-
Hot & Juicy Cajun Seafood & Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$810k
Owner & transaction history
Texas Brothers LLC · 5 yrs held
Texas Brothers LLC
since 2021
7 recorded transactions
Zoning & alternative use
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
Method
Estimation
Statistic approach
by Request
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$810k
Range $729k – $891k · ±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
$19 / 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
$78,760
Tax year 2023
Assessed value
$3,949,237
Assessed 2024
Previous assessed
$3,761,178
+5.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$675,499
Assessed improvement
$3,273,738
Land market value
$675,499
Improvement market value
$3,273,738
Total market value
$3,949,237
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
Off-Market
Year built
2007
Heating
NONE
Total area
42,090 SF
Lot
3.16 ac (137,857 SF)
APN
R167858
UPID
US82-2330886
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
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Lot
3.16 ac
Current owner
From public records · entity-resolved
Texas Brothers LLC
Entity
Free & Clear · 5 yrs held
Mailing address
200 NW AVE K K, ANDREWS, TX 79714-3622
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2021
—
Texas Brothers LLC
45th & Western Shopping Center
Grant Deed
related
—
Apr 30, 2013
—
45th & Western Shopping Center
S & S Commercial Properties Ltd
Warranty Deed
—
Jul 18, 2006
—
S & S Commercial Properties Ltd
—
Trustees Deed
related
$1,720,000 · Citizens Federal Bank Fsb
—
—
45th & Western Shopping Center
—
Deed Of Trust
related
$87,709 · Interstate Bk Ssb
—
—
45th & Western Shopping Center
—
Deed Of Trust
related
$60,000 · Interstate Bk Ssb
—
—
S Properties
—
Deed Of Trust
related
$1,543,005 · Citizens Federal Bank Fsb
—
—
S & S Commercial Properties Ltd
—
Loan Modification
related
$185,040 · Citizens Federal Bank Fsb
—
—
S & S Commercial Properties Ltd
—
Deed Of Trust
related
$242,977 · Platinum Bank
—
—
George Sanchez SR.
—
Loan Modification
related
$10,696 · Springleaf Financial Svcs INC
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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