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Property profile & analytics
FOR SALE
Warehouses
7027 Quaker Ave Lubbock, TX 79424
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2381358
For Sale
1 / 5
$2,850,000
7027 Quaker Ave, Lubbock, TX 79424
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Total area
8,110 SF
Lot
1.27 ac (55,390 SF)
Zoning code
38
APN
R71168
UPID
US82-2381358
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
-
Mister Car Wash Car Wash
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$425k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$606k
Blend (final)
Blend
$515k
Owner & transaction history
7027 S Quaker Lubbock LLC · 11 yrs held
7027 S Quaker Lubbock LLC
since 2015
7 recorded transactions
Zoning & alternative use
38 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$810,000
+89.7%
Office building
$750,000
+75.1%
Auto repair, garage
$715,000
+67.1%
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
$425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$425,000
Current use
RESTAURANT
$810,000
Change: +90% · Conversion: Difficult
OFFICE BUILDING
$750,000
Change: +75% · Conversion: Difficult
AUTO REPAIR, GARAGE
$715,000
Change: +67% · Conversion: Easy
COMMERCIAL (GENERAL)
$530,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$355,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$64 / 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
$14,871
Tax year 2023
Assessed value
$800,000
Assessed 2024
Previous assessed
$800,000
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$415,425
Assessed improvement
$384,575
Land market value
$415,425
Improvement market value
$384,575
Total market value
$800,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1989
Heating
NONE
Total area
8,110 SF
Lot
1.27 ac (55,390 SF)
Zoning code
38
APN
R71168
UPID
US82-2381358
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
WAREHOUSE, STORAGE Current
Est. value
$425,000
RESTAURANT
Est. value
$810,000
OFFICE BUILDING
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$530,000
RETAIL STORES
Est. value
$355,000
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1989
Heating
NONE
Lot
1.27 ac
Current owner
From public records · entity-resolved
7027 S Quaker Lubbock LLC
Entity
Mailing address
222 E 5TH ST, TUCSON, AZ 85705-8412
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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 14, 2020
—
Wellspring 19th LLC
—
Deed
related
$1,750,000 · Aimbank
Apr 2, 2020
—
7027 S Quaker Lubbock LLC
—
Deed
related
$1,680,000 · Aimbank
Apr 6, 2015
—
7027 S Quaker Lubbock LLC
Quaker Partners Ltd
Quit Claim Deed
$1,680,000 · Aimbank
May 17, 2013
—
Cartessa Ltd
Quaker Partners Ltd
Grant Deed
related
—
Feb 7, 2012
—
Xstream Lb-08 Ltd
—
Trustees Deed
related
$100,000 · American State Bank
Mar 10, 2011
—
Quaker Partners Ltd
Crystal Falls Car Wash INC
Grant Deed
$1,957,962 · Aimbank
—
—
Quaker Partners Ltd
—
Loan Modification
related
$1,176,219 · Aimbank
—
—
7027 S Quaker Lubbock LLC
—
Loan Modification
related
$1,680,000 · Aimbank
—
—
Wellspring 19th LLC
—
Deed Of Trust
related
$1,750,000 · 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.
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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