New search
Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Specialty properties
7 Greek Cir Lubbock, TX 79416-5814
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US82-2976949
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
2018
Total area
12,068 SF
Lot
0.91 ac (39,792 SF)
Zoning code
38
APN
R107610
UPID
US82-2976949
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
-
Alpha Chi Omega Volunteer Organization Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$562k
Blend (final)
Blend
$505k
Owner & transaction history
Gamma Rho Chapter Of Alpha Chi Om · 6 yrs held
Gamma Rho Chapter Of Alpha Chi Om
since 2019
7 recorded transactions
Zoning & alternative use
38 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$800,000
+63.4%
Retail stores
$770,000
+56.9%
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
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$490,000
Current use
OFFICE BUILDING
$800,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$770,000
Change: +57% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$485,000
Change: -1% · Conversion: Difficult
WAREHOUSE, STORAGE
$415,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$42 / 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
$22,689
Tax year 2023
Assessed value
$1,293,094
Assessed 2024
Previous assessed
$1,220,594
+5.9% YoY
Effective rate
1.75%
On assessed value
Assessed land
$31,834
Assessed improvement
$1,261,260
Land market value
$31,834
Improvement market value
$1,261,260
Total market value
$1,293,094
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
2018
Heating
NONE
Total area
12,068 SF
Lot
0.91 ac (39,792 SF)
Zoning code
38
APN
R107610
UPID
US82-2976949
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.
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$490,000
OFFICE BUILDING
Est. value
$800,000
RETAIL STORES
Est. value
$770,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$485,000
WAREHOUSE, STORAGE
Est. value
$415,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
2018
Heating
NONE
Lot
0.91 ac
Current owner
From public records · entity-resolved
Gamma Rho Chapter Of Alpha Chi Om
Individual
Mailing address
PO BOX 93606, LUBBOCK, TX 79493-3606
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2019
—
Gamma Rho Chapter Of Alpha Chi Om
—
Deed
related
—
Jul 11, 2018
—
Gamma Rho Chapter Of Alpha Chi
—
Deed
related
$1,899,750 · Prosperity Bk
Jun 22, 2018
—
Gamma Rho Chapter Of Alpha Chi
—
Trustees Deed
related
$325,000 · Prosperity Bk
Jun 1, 2018
—
S & B Dev LLC
—
Deed
related
$200,000 · Couch Operating LLC
Oct 7, 2016
—
Gamma Rho Chapter Of Alpha Chi Om
—
Deed
related
$142,866 · American St Bk
—
—
Gamma Rho Chapter Of Alpha Chi Om
—
Loan Modification
related
—
—
—
Gamma Rho Chapter Of Alpha Chi Om
—
Loan Modification
related
$89,656 · American State Bank
—
—
Gamma Rho Chapter Of Alpha Chi Om
—
Loan Modification
related
$142,866 · American St Bk
—
—
Gamma Rho Chapter Of Alpha Chi
—
Deed Of Trust
related
$1,899,750 · Prosperity Bk
—
—
S & B Dev LLC
—
Deed Of Trust
related
$200,000 · Couch Operating LLC
—
—
Gamm R C & Alpha C Omega H Corp
—
Deed Of Trust
related
$142,866 · American St Bk/osceola
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7 Greek Cir?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
