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Property profile & analytics
OFF-MARKET
Strip malls
6823 82nd St, Lubbock, TX 79424-5153
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-9108999
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2019
Total area
10,880 SF
Lot
0.86 ac (37,488 SF)
APN
R327604
UPID
US82-9108999
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
-
Thornhill's Pharmacy Pharmacy
-
Paragon Lubbock Infusion Center Medical Clinic
-
Tune Up; The Manly Salon Barber Shop
-
Tune Up The Manly Salon - Lubbock Barber Shop
-
The Nail Bar Nail Salon
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
Thornhill Real Estate LLC · 7 yrs held
Thornhill Real Estate LLC
since 2018
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
—
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
$31,411
Tax year 2023
Assessed value
$1,575,000
Assessed 2024
Previous assessed
$1,500,000
+5.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$299,904
Assessed improvement
$1,275,096
Land market value
$299,904
Improvement market value
$1,275,096
Total market value
$1,575,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2019
Heating
NONE
Total area
10,880 SF
Lot
0.86 ac (37,488 SF)
APN
R327604
UPID
US82-9108999
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
2019
Heating
NONE
Lot
0.86 ac
Current owner
From public records · entity-resolved
Thornhill Real Estate LLC
Entity
Mailing address
4220 51ST ST, LUBBOCK, TX 79413-3816
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Mar 20, 2024
—
Thornhill Real Estate LLC
—
Deed
related
$1,375,000 · The Victory Bank
Aug 31, 2020
—
Thornhill Real Estate LLC
—
Deed
related
$1,757,500 · Centennial Bk
May 8, 2020
—
Thornhill Real Estate LLC
—
Deed
related
$1,523,427 · Centennial Bk
Feb 27, 2019
—
Thornhill Real Estate LLC
—
Deed
related
$1,757,500 · Centennial Bk
Aug 9, 2018
—
Thornhill Real Estate LLC
R Ww Enterprises INC
Venders Lien
$400,000 · Centennial Bank
Jun 29, 2017
—
Landpro Devs LLC
—
Deed
related
$877,500 · Alliance FCU
—
—
Thornhill Real Estate LLC
—
Deed Of Trust
related
$1,757,500 · Centennial Bk
—
—
Landpro Devs LLC
—
Loan Modification
related
$877,500 · Alliance FCU
—
—
Thornhill Real Estate LLC
—
Loan Modification
related
$1,523,427 · Centennial Bk
—
—
Thornhill Real Estate LLC
—
Loan Modification
related
$1,757,500 · Centennial 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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