New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Strip malls
7301 University Ave, Lubbock, TX 79423-1464
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-4101539
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Total area
32,400 SF
Lot
2.72 ac (118,380 SF)
Zoning code
38
APN
R70000
UPID
US83-4101539
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
-
University Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Little Caesars Pizza Restaurant
-
Cricket Wireless Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
Fast Eddie's Lubbock Bar & Pub
-
Battery Joe Computer & Electronic Repair Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.31M
Owner & transaction history
Lupe Medical Three LP · 8 yrs held
Lupe Medical Three LP
since 2017
7 recorded transactions
Zoning & alternative use
38 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.0M
+52.1%
Warehouse, storage
$1.6M
+20.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,300,000
Current use
RETAIL STORES
$1,975,000
Change: +52% · Conversion: Easy
WAREHOUSE, STORAGE
$1,570,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±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
$40 / 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
$64,130
Tax year 2023
Assessed value
$3,795,000
Assessed 2024
Previous assessed
$3,450,000
+10.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$485,358
Assessed improvement
$3,309,642
Land market value
$485,358
Improvement market value
$3,309,642
Total market value
$3,795,000
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
2005
Heating
NONE
Total area
32,400 SF
Lot
2.72 ac (118,380 SF)
Zoning code
38
APN
R70000
UPID
US83-4101539
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.3M
RETAIL STORES
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
2005
Heating
NONE
Lot
2.72 ac
Current owner
From public records · entity-resolved
Lupe Medical Three LP
Entity
Free & Clear · 8 yrs held
Mailing address
1600 W 7TH ST, FT WORTH, TX 76102-2504
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2021
—
Lupe Medical Three LP
—
Deed
related
$5,437,500 · Frost Bk
Sep 11, 2020
—
Lupe Medical Three LP
—
Deed
related
$2,417,772 · Frost Bk
Sep 27, 2017
—
Lupe Medical Three LP
Crimson Sky Capital Ltd
Grant Deed
—
May 22, 2006
—
Crimson Sky Capital Ltd
S & S Commercial Properties Ltd
Grant Deed
$3,493,000 · Column Financial INC
Jul 1, 2004
—
Owner Name Unavailable
Lubbock Coml Bldgs
Warranty Deed
related
—
—
—
Crimson Sky Capital Ltd
—
Deed Of Trust
related
$3,087,661 · Plainscapital Bk
—
—
Lupe Medical Three LP
—
Loan Modification
related
$5,437,500 · Frost Bk
—
—
Lupe Medical Three LP
—
Loan Modification
related
$2,417,772 · Frost 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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