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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Distribution centers
714 34th St Lubbock, TX 79404-2134
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US83-3436663
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1970
Total area
22,200 SF
Lot
0.69 ac (29,864 SF)
Zoning code
9938
APN
R36877
UPID
US83-3436663
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
-
Goodwill Pound Store Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$857k
Blend (final)
Blend
$695k
Owner & transaction history
Goodwill Industries Of Lubbock INC · 4 yrs held
Goodwill Industries Of Lubbock INC
since 2021
7 recorded transactions
Zoning & alternative use
9938 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+16.8%
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
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$970,000
Current use
OFFICE BUILDING
$1,135,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$890,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$31 / 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
Assessed value
$539,413
Assessed 2024
Previous assessed
$539,413
+0.0% YoY
Assessed land
$29,864
Assessed improvement
$509,549
Land market value
$29,864
Improvement market value
$509,549
Total market value
$539,413
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1970
Heating
NONE
Total area
22,200 SF
Lot
0.69 ac (29,864 SF)
Zoning code
9938
APN
R36877
UPID
US83-3436663
Jurisdiction
LUBBOCK
Zoning & alternative use
9938 · Lubbock, TX
Zoning 9938 · permitted uses
9938 · 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
$970,000
OFFICE BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$890,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1970
Heating
NONE
Lot
0.69 ac
Current owner
From public records · entity-resolved
Goodwill Industries Of Lubbock INC
Entity
Mailing address
715 28TH ST, LUBBOCK, TX 79404-1509
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Oct 29, 2021
—
Goodwill Industries Of Lubbock INC
Tophat Operators LLC
Venders Lien
$388,461 · Amarillo National Bank
Jul 19, 2017
—
Tophat Operators LLC
Coastal Carolina Ventures LLC
Warranty Deed
related
—
Sep 29, 2016
—
Coastal Carolina Ventures LLC
Ih 27 Properties LLC
Warranty Deed
related
—
Jan 22, 2014
—
Greg Garrett
Ih 27 Properties LLC
Venders Lien
$273,415 · Platinum Bank
Sep 25, 2012
—
Ih 27 Properties LLC
Marley Mark D
Grant Deed
related
—
Jun 20, 2012
—
Ih 27 Properties LLC
Jennifer L Marley
Venders Lien
$209,353 · Alliance FCU
Aug 22, 2008
—
Mark Marley
State Of Texas
Grant Deed
related
—
—
—
Ih 27 Properties LLC
—
Deed Of Trust
related
$800,000 · Platinum Bk
—
—
Ih 27 Properties LLC
—
Loan Modification
related
$800,000 · Platinum Bk
—
—
Ih 27 Properties LLC
—
Loan Modification
related
$800,000 · Platinum 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.
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