New search
Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Turn key restaurants
6015 82nd St, Lubbock, TX 79424-0807
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4027979
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2006
Total area
18,036 SF
Lot
2.56 ac (111,586 SF)
APN
R307510
UPID
US82-4027979
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
-
Stacked Breakfast and Lunch Restaurant Cafe & Coffee Shop
-
Hydronaut Aquatics (Bike/Boat/Book/etc) Store Pet Store & Service
-
Odds & Ends Home Decor Store Department Store
-
Manhattan 9 Bar & Pub
-
Stella's Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$745k
Owner & transaction history
Lubbock River Crossing LLC · 20 yrs held
Lubbock River Crossing LLC
since 2006
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$41 / 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
$56,015
Tax year 2023
Assessed value
$2,725,000
Assessed 2024
Previous assessed
$2,675,000
+1.9% YoY
Effective rate
2.06%
On assessed value
Assessed land
$1,004,274
Assessed improvement
$1,720,726
Land market value
$1,004,274
Improvement market value
$1,720,726
Total market value
$2,725,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2006
Heating
NONE
Total area
18,036 SF
Lot
2.56 ac (111,586 SF)
APN
R307510
UPID
US82-4027979
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
2006
Heating
NONE
Lot
2.56 ac
Current owner
From public records · entity-resolved
Lubbock River Crossing LLC
Entity
Mailing address
3707 154TH ST, LUBBOCK, TX 79423-6318
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2020
—
3r Rothwell Ranch Ltd
—
Deed
related
$942,000 · First Bk
Jan 17, 2006
—
Lubbock River Crossing LLC
River Smiths Center Mgt LLC
Quit Claim Deed
related
—
—
—
Lubbock River Crossing LLC
—
Deed Of Trust
related
$2,364,543 · First Bank & Trust
—
—
Lubbock River Crossing LLC
—
Deed Of Trust
related
$2,364,543 · First Bank & Trust
—
—
Lubbock River Crossing LLC
—
Loan Modification
related
$546,581 · First Bk
—
—
Lubbock River Crossing LLC
—
Loan Modification
related
$2,161,977 · First Bk
—
—
Lubbock River Crossing LLC
—
Deed Of Trust
related
$295,000 · First Bank & Trust
—
—
Lubbock River Crossing LLC
—
Deed Of Trust
related
$5,088,800 · First Bank & Trust
—
—
Lubbock River Crossing LLC
—
Deed Of Trust
related
$3,803,200 · First Bank & Trust
—
—
3r Rothwell Ranch Ltd
—
Deed Of Trust
related
$942,000 · First Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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