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Property profile & analytics
FOR LEASE
Turn key restaurants
5204 Slide Rd, Lubbock, TX 79414
Entity Owned
4-yr Hold
Free & Clear
Property ID
US82-2090440
For Lease
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5204 Slide Rd, Lubbock, TX 79414
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Property summary
AI-generated overview
This 2,400 square foot freestanding retail building, located at 5204 Slide Road in Lubbock, Texas, presents a unique investment opportunity. Built in 1999 and extensively renovated in 2021, the property boasts a convenient drive-thru and ample parking (23 spaces) on a 0.56-acre lot. Zoned for neighborhood commercial use (APN: R532000-00000-01050-000, Lubbock County), this single-tenant space is currently vacant and ready for immediate occupancy. Its prime location along Slide Road, a major retail corridor with high daily traffic (approximately 30,000 vehicles), offers exceptional visibility and accessibility. The property benefits from proximity to other national quick-service restaurants (QSRs) including Raising Cane's, Chick-fil-A, McDonald's, Hawaiian Bros, Dutch Bros, and Burger King, ensuring high foot and vehicle traffic. The strong demographics of the area further enhance the property's appeal
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1977
Total area
2,444 SF
Lot
0.56 ac (24,481 SF)
Zoning code
38
APN
R25713
UPID
US82-2090440
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
-
Arby's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Miracle Restaurant Group LLC · 4 yrs held
Miracle Restaurant Group LLC
since 2022
3 recorded transactions
Zoning & alternative use
38 · Lubbock, TX
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,894
Tax year 2023
Assessed value
$795,369
Assessed 2024
Previous assessed
$639,876
+24.3% YoY
Effective rate
1.50%
On assessed value
Assessed land
$146,805
Assessed improvement
$648,564
Land market value
$146,805
Improvement market value
$648,564
Total market value
$795,369
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1977
Heating
NONE
Total area
2,444 SF
Lot
0.56 ac (24,481 SF)
Zoning code
38
APN
R25713
UPID
US82-2090440
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.
Building & site characteristics
From public records
Year built
1977
Heating
NONE
Lot
0.56 ac
Current owner
From public records · entity-resolved
Miracle Restaurant Group LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 387, RIO VISTA, CA 94571-0387
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2022
—
Miracle Restaurant Group LLC
Page Baldwin JR
Lease
—
Feb 19, 2016
—
5204 Slide LLC
Rapier,joseph R
Grant Deed
—
—
—
Isabel M Rapier
—
Deed Of Trust
related
$271,080 · Lubbock National 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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