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Property profile & analytics
OFF-MARKET
Schools
7615 University Ave Lubbock, TX 79423-2125
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US82-2667839
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1994
Total area
6,708 SF
Lot
1.52 ac (66,250 SF)
Zoning code
38
APN
R88949
UPID
US82-2667839
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
-
Wade Gordon Barber Lubbock Vocational School Training Center
-
Wienerschnitzel Restaurant Take-out & Catering
-
Wade Gordon Hairdressing Academy Hair 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
Wpbc Lubbock LLC · 9 yrs held
Wpbc Lubbock LLC
since 2016
7 recorded transactions
Zoning & alternative use
38 · Lubbock, TX
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
$15,117
Tax year 2023
Assessed value
$788,583
Assessed 2024
Previous assessed
$813,226
-3.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$298,125
Assessed improvement
$490,458
Land market value
$298,125
Improvement market value
$490,458
Total market value
$788,583
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1994
Heating
NONE
Total area
6,708 SF
Lot
1.52 ac (66,250 SF)
Zoning code
38
APN
R88949
UPID
US82-2667839
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.
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Lot
1.52 ac
Current owner
From public records · entity-resolved
Wpbc Lubbock LLC
Entity
Mailing address
2802 SWEETGUM LN, AMARILLO, TX 79124-4930
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2026
—
S L Assets Lc
—
Deed
related
$1,197,292 · Citizens State Bank
Dec 2, 2020
—
Wpbc Lubbock LLC
—
Deed
related
$705,000 · Amarillo National Bank
Jul 21, 2020
—
Bowman Miles & Worthley INC
—
Deed
related
$73,000 · Lubbock Nat'l Bk
Jul 17, 2020
—
Bowman Miles & Worthley INC
—
Deed
related
$1,975,000 · Lubbock Nat'l Bk
Nov 23, 2016
—
Wpbc Lubbock LLC
Henthorn Commercial Dev LLC
Warranty Deed
$1,028,000 · Henthorn Commercial Dev LLC
Aug 20, 2014
—
Henthorn Commercial Development LLC
Home Plate Diner Ltd
Venders Lien
$500,000 · Peoples Bank
—
—
Home Plate Diner Ltd
—
Deed Of Trust
related
$1,084,075 · Peoples Bank & Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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