Financial
Distress signals
Property profile

5916 Loop 289 W Lubbock, TX 79424

FOR LEASE
Retail space
Property ID
US82-3523348
30,315 SF 3.14 ac lot Built 2003
Last sale Jul 2013
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of a 30,140-square-foot industrial building on a 3.145-acre site. It is located with roadway access to Loop 289, Spur 327, and Highway 62, and is situated near Texas Tech University, South Plains Mall, and the surrounding retail corridor. The property is zoned M-I (Light Industrial) and includes provisions for vehicle parking with 183 parking spaces.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$59k
Tax billed · 2023
Assessed value · 2024$3.20M
Assessed land$822k
Assessed improvement$2.38M
Effective rate1.83%

Value estimate

· Sep 2026
$925k
$833k – $1.02M
AI approach$630k
Submarket $/SF estimate$1.22M
NOI build-up
Gross scheduled income$455k
Vacancy & credit loss−$36k
Operating expenses−$126k
NOI · 2,440,358.33% cap applied$293k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
2,440,358.33%
$293k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLUBBOCK

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm31.9
Realty agency28.0
Building Supply20.2

Location

5916 Loop 289 W Lubbock, TX 79424
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

16 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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