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Property profile & analytics
OFF-MARKET
Estimated value
$2,165,000
Warehouses
802 Hwy 84 Slaton, TX 79364
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US82-2521311
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2010
Total area
15,500 SF
Lot
2.16 ac (94,090 SF)
Zoning code
26
APN
R156359
UPID
US82-2521311
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.48M
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$2.17M
Owner & transaction history
Geron W Stricklin · 6 yrs held
Geron W Stricklin
since 2020
7 recorded transactions
Zoning & alternative use
26 · Slaton, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+52.7%
Office building
$2.2M
+43.8%
Restaurant
$1.7M
+11.5%
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 Slaton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Slaton 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%
$2,680,000
6.5%
$2,475,000
7%
$2,300,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,545,000
Current use
COMMERCIAL (GENERAL)
$2,355,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$2,220,000
Change: +44% · Conversion: Difficult
RESTAURANT
$1,720,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$1,645,000
Change: +6% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,350,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$2.17M
Range $1.95M – $2.38M · ±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
$140 / 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
$7,907
Tax year 2023
Assessed value
$345,000
Assessed 2024
Previous assessed
$345,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$18,818
Assessed improvement
$326,182
Land market value
$18,818
Improvement market value
$326,182
Total market value
$345,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2010
Heating
NONE
Total area
15,500 SF
Lot
2.16 ac (94,090 SF)
Zoning code
26
APN
R156359
UPID
US82-2521311
Jurisdiction
LUBBOCK
Zoning & alternative use
26 · Slaton, TXZoning 26 · permitted uses
26 · Slaton, 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
WAREHOUSE, STORAGE Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.2M
RESTAURANT
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
2010
Heating
NONE
Lot
2.16 ac
Current owner
From public records · entity-resolved
Geron W Stricklin
Individual
Mailing address
PO BOX 713, SLATON, TX 79364-0713
Ownership since
2020
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
Jan 13, 2020
—
Geron W Stricklin
—
Deed
related
$140,000 · City Bk
Jun 12, 2018
—
Geron Stricklin
—
Deed
related
—
—
—
Geron W Stricklin
—
Deed Of Trust
related
$140,000 · City Bk
—
—
Geron Stricklin
—
Deed Of Trust
related
$194,000 · Vista Bank
—
—
Geron W Stricklin
—
Deed Of Trust
related
$38,865 · Lubbock National Bank
—
—
Geron Stricklin
—
Loan Modification
related
—
—
—
Geron Stricklin
—
Loan Modification
related
—
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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