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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Distribution centers
5836 County Rd 6300, Lubbock, TX 79416-2023
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US82-6454841
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2014
Total area
28,000 SF
Lot
3 ac (130,680 SF)
Zoning code
12
APN
R146717
UPID
US82-6454841
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$951k
Blend (final)
Blend
$785k
Owner & transaction history
Hernandos Hideaway LLC · 12 yrs held
Hernandos Hideaway LLC
since 2014
7 recorded transactions
Zoning & alternative use
12 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+16.2%
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
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$965,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,120,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$28 / 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
$22,261
Tax year 2023
Assessed value
$1,340,000
Assessed 2024
Previous assessed
$1,340,000
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$52,272
Assessed improvement
$1,287,728
Land market value
$52,272
Improvement market value
$1,287,728
Total market value
$1,340,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2014
Heating
NONE
Total area
28,000 SF
Lot
3 ac (130,680 SF)
Zoning code
12
APN
R146717
UPID
US82-6454841
Jurisdiction
LUBBOCK
Zoning & alternative use
12 · Lubbock, TX
Zoning 12 · permitted uses
12 · 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
WAREHOUSE, STORAGE Current
Est. value
$965,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
3 ac
Current owner
From public records · entity-resolved
Hernandos Hideaway LLC
Entity
Mailing address
PO BOX 16557, LUBBOCK, TX 79490-6557
Ownership since
2014
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
Sep 28, 2019
—
Hernandos Hideaway LLC
—
Deed
related
$788,129 · Aimbank
Feb 28, 2018
—
Hernandos Hideaway LLC
—
Deed
related
$500,000 · Aimbank
Jan 3, 2014
—
Hernandos Hideaway LLC
Robinson,wayne
Warranty Deed
$909,436 · Aimbank
—
—
Hernandos Hideaway LLC
—
Deed Of Trust
related
$996,800 · Aimbank
—
—
Robinson,wayne
—
Deed Of Trust
related
$45,900 · Platinum Bank
—
—
Hernandos Hideaway LLC
—
Loan Modification
related
$788,129 · Aimbank
—
—
Wayne Robinson
—
Deed Of Trust
related
$140,000 · Platinum Bank
—
—
Wayne Robinson
—
Deed Of Trust
related
$141,776 · Happy States Bank
—
—
Hernandos Hideaway LLC
—
Deed Of Trust
related
$500,000 · Aimbank
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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