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Property profile & analytics
FOR LEASE
Strip malls
7717 Milwaukee Ave, Lubbock, TX 79424
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-6688252
For Lease
1 / 3
$25 SF/Yr
7717 Milwaukee Ave, Lubbock, TX 79424
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Property summary
AI-generated overview
Milwaukee Plaza, located at 7717 Milwaukee Ave in Lubbock, Texas, presents a fantastic retail opportunity. This Class A retail strip center, built in 2017, offers a single vacant space totaling 1,480 square feet, representing the minimum and maximum contiguous space available. The entire center encompasses 9,465 square feet situated on a 0.93-acre lot in Lubbock County. The property benefits from its location on Milwaukee Avenue, a major thoroughfare in Lubbock, serving a vibrant commercial and residential area. This high-traffic location provides excellent visibility and accessibility for businesses. The landlord is offering a significant tenant improvement allowance of $25.00 per square foot to assist with build-out costs. This is an exceptional chance to establish or expand a retail presence in a thriving Lubbock neighborhood. The property's 2017 construction ensures modern amenities and efficient space planning. The address is 7717 Milwaukee Ave, Lubbock, TX 79424.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2017
Total area
9,465 SF
Lot
0.93 ac (40,511 SF)
APN
R313200
UPID
US82-6688252
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
-
Hallford Computer Tech Support Center (Bike/Boat/Book/etc) Store
-
Absolute Clean Co Commercial Cleaning Service
-
Shred Nations Recycling Center Waste Management Facility
-
WTNM Florist Association, Inc. Association / Organization
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
Cx5 Patners LLC · 2 yrs held
Cx5 Patners LLC
since 2023
7 recorded transactions
Zoning & alternative use
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
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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)
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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
$30,364
Tax year 2023
Assessed value
$1,806,857
Assessed 2024
Previous assessed
$1,450,000
+24.6% YoY
Effective rate
1.68%
On assessed value
Assessed land
$364,590
Assessed improvement
$1,442,267
Land market value
$364,590
Improvement market value
$1,442,267
Total market value
$1,806,857
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
For Lease
Year built
2017
Heating
NONE
Total area
9,465 SF
Lot
0.93 ac (40,511 SF)
APN
R313200
UPID
US82-6688252
Jurisdiction
LUBBOCK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2017
Heating
NONE
Lot
0.93 ac
Current owner
From public records · entity-resolved
Cx5 Patners LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4709 113TH ST STE #500, LUBBOCK, TX 79424-7374
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2023
—
Cx5 Patners LLC
Karl Kaesbauer
Warranty Deed
—
Sep 1, 2023
—
Forest Investments LLC
Apn Property LLC
Venders Lien
$1,662,500 · Lone Star State Bank Of West Texas
Apr 6, 2022
—
Louis Equities LP
Pat Murden
Correction Deed
related
—
Jan 15, 2021
—
Cx5 Holdings LLC
—
Deed Of Trust
related
$104,000 · H Quincy Long
Dec 22, 2020
—
Homemakers Building Group LLC
—
Deed Of Trust
related
$239,960 · First Bk
Nov 16, 2020
—
Rod Burgett Homes
—
Deed
related
$404,400 · Peoples Bk
Nov 9, 2020
—
Homemakers Building Grp LLC
—
Deed
related
$995,000 · Aimbank
Oct 30, 2020
—
Homemakers Building Group LLC
Escondido Lubbock LLC
Warranty Deed
$403,200 · Aimbank
Oct 27, 2020
—
Homemakers Building Grp LLC
—
Deed Of Trust
related
$144,760 · Aimbank
Jul 31, 2020
—
Rod Burgett Homes INC
806 Land Dev Group LLC
Grant Deed
$208,250 · City Bk
Apr 24, 2017
—
Apn Property LLC
Mike A Neece
Venders Lien
$675,000 · Peoples Bank
—
—
Rod Burgett Homes
—
Loan Modification
related
$404,400 · Peoples Bk
—
—
Homemakers Building Grp LLC
—
Deed Of Trust
related
$995,000 · 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.
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