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Property profile & analytics
FOR SALE
Commercial real estate
7727 Quaker Ave Lubbock, TX 79424
Individually Owned
13-yr Hold
Free & Clear
Property ID
US83-3203478
For Sale
1 / 36
$2,300,000
7727 Quaker Ave, Lubbock, TX 79424
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Property summary
AI-generated overview
This exceptional 8,200-square-foot office building presents a compelling opportunity for both owner-occupants and investors. Situated at the high-traffic intersection of 78th Street and Quaker Avenue in Lubbock, Texas, this property boasts unparalleled visibility and accessibility. Currently, the building enjoys 50% occupancy by a reputable tenant, leaving over 4,000 square feet of readily available space. This flexible space is perfect for a business seeking expansion or an investor aiming to secure strong rental income. The 0.78-acre lot provides ample parking for tenants and visitors, a significant advantage in this busy commercial corridor. The building's location within one of Lubbock's most desirable commercial hubs ensures high visibility and easy access for clients and employees. This is a rare chance to acquire a substantial property in a thriving area, offering a blend of immediate income potential and long-term growth prospects. The asking price is $2,300,000. This property is ready for immediate occupancy or lease, making it an attractive option for a variety of business needs. Don't miss this chance to secure a prime commercial asset in a rapidly developing area of Lubbock.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1992
Total area
8,163 SF
Lot
0.78 ac (34,032 SF)
Zoning code
38
APN
R37963
UPID
US83-3203478
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
-
Cobb, Fendley & Associates, Inc. Engineering Consultant
-
Mcclendon Sarah Employment Agency
-
Metro Health Care Nursing Home
-
Advanced Home Health Home Health Care Service
-
Kelly Plasker, Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$794k
Blend (final)
Blend
$595k
Owner & transaction history
Security St. Bk · 13 yrs held
Security St. Bk
since 2012
2 recorded transactions
Zoning & alternative use
38 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$815,000
+53.4%
Office building
$755,000
+41.6%
Auto repair, garage
$720,000
+35.1%
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
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$530,000
Current use
RESTAURANT
$815,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$755,000
Change: +42% · Conversion: Easy
AUTO REPAIR, GARAGE
$720,000
Change: +35% · Conversion: Difficult
WAREHOUSE, STORAGE
$430,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$73 / 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
$37,906
Tax year 2023
Assessed value
$2,039,216
Assessed 2024
Previous assessed
$2,039,215
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$238,224
Assessed improvement
$1,800,992
Land market value
$238,224
Improvement market value
$1,800,992
Total market value
$2,039,216
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1992
Heating
NONE
Total area
8,163 SF
Lot
0.78 ac (34,032 SF)
Zoning code
38
APN
R37963
UPID
US83-3203478
Jurisdiction
LUBBOCK
Zoning & alternative use
38 · Lubbock, TXZoning 38 · permitted uses
38 · Lubbock, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$530,000
RESTAURANT
Est. value
$815,000
OFFICE BUILDING
Est. value
$755,000
AUTO REPAIR, GARAGE
Est. value
$720,000
WAREHOUSE, STORAGE
Est. value
$430,000
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1992
Heating
NONE
Lot
0.78 ac
Current owner
From public records · entity-resolved
Security St. Bk
Individual
Free & Clear · 13 yrs held
Mailing address
PO BOX 65083, LUBBOCK, TX 79464-5083
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2012
—
Security St. Bk
Zenith Property Inv Hldgs LP
Grant Deed
—
Nov 7, 2007
—
Zenith Property Investment Holdings
Stephen W Clark
Venders Lien
$1,280,000 · First Texas Bank
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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