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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Warehouses
5201 Indiana Ave Bldg B Lubbock, TX 79413-4213
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4390991
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1984
Total area
17,827 SF
Lot
0.95 ac (41,215 SF)
Zoning code
38
APN
R122881
UPID
US82-4390991
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
-
Dynamic Properties Property Management Company
-
Monterey Self Storage Storage Facility
-
Kaitlyn Sarchet | Real Estate Agent Real Estate Agency
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Kathryn J. Rowell, OT Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.72M
Owner & transaction history
Monterey Storage LLC · 4 yrs held
Monterey Storage LLC
since 2022
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
38 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+116.7%
Auto repair, garage
$1.6M
+77.3%
Commercial (general)
$1.4M
+60.4%
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
$1,750,000
ML approach
$1,670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,915,000
Change: +117% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,570,000
Change: +77% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,420,000
Change: +60% · Conversion: Difficult
OFFICE BUILDING
$1,260,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$1,190,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±10% · vs last sale $1.73M (Apr 4 2022)
Last sale anchor
$1.73M
Apr 4 2022
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
$96 / 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
$5,901
Tax year 2023
Assessed value
$326,527
Assessed 2024
Previous assessed
$326,527
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$164,862
Assessed improvement
$161,665
Land market value
$164,862
Improvement market value
$161,665
Total market value
$326,527
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
Off-Market
Year built
1984
Heating
NONE
Total area
17,827 SF
Lot
0.95 ac (41,215 SF)
Zoning code
38
APN
R122881
UPID
US82-4390991
Jurisdiction
LUBBOCK
Zoning & alternative use
38 · Lubbock, TX
Zoning 38 · permitted uses
38 · Lubbock, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lubbock. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1984
Heating
NONE
Lot
0.95 ac
Current owner
From public records · entity-resolved
Monterey Storage LLC
Entity
Mailing address
9663 SANTA MONICA BLVD #745, BEVERLY HILLS, CA 90210-4303
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2022
$1,729,000
Monterey Storage LLC
Dp&e Holdings LLC
Venders Lien
$945,071 · Five Star Bank
Apr 13, 2015
—
Dp & E Holdings LLC
Alhambra Mortgage Company INC
Venders Lien
$208,000 · Security State Bank
Feb 2, 2009
—
Graves,paul R Trust
Graves,paul R
Quit Claim Deed
related
—
—
—
Crawford Commercial Properties
—
Deed Of Trust
related
$190,000 · City Bank
—
—
Dp & E Holdings LLC
—
Deed Of Trust
related
$367,500 · Texas Financial Bank
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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