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Property profile & analytics
FOR SALE
Office buildings
8312 Upland Ave, Lubbock, TX 79424
Entity Owned
Free & Clear
Property ID
US82-1258452
For Sale
1 / 42
$2,499,999
8312 Upland Ave, Lubbock, TX 79424
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Property summary
AI-generated overview
This exceptional commercial office space, totaling 1,473 rentable square feet (1,961 usable square feet), is ideally situated near the intersection of 82nd and Upland Avenue, offering easy access to Loop 289 in southwest Lubbock. The property is zoned commercial and located in Lubbock County. Currently, seven fully furnished offices and two spacious, team-capable conference rooms are available for immediate occupancy within a multi-tenant building. The space includes a shared kitchenette and ample parking, ensuring convenience for employees and clients. A secured access system provides peace of mind. This turnkey solution is perfect for a business seeking a move-in ready, well-appointed office environment in a highly desirable location. The property's strategic placement near Loop 289 provides excellent accessibility and visibility. The combination of furnished offices, collaborative conference rooms, and convenient amenities makes this an attractive opportunity for businesses of various sizes. Don't miss this chance to secure a prime office space in a thriving area of Lubbock.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
13,791 SF
Lot
1.37 ac (59,634 SF)
Zoning code
17
APN
R75450
UPID
US82-1258452
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
-
Centerline Engineering & Consulting Land Surveyor Civil Engineering Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$810k
Owner & transaction history
LEZTEW LLC
LEZTEW LLC
Zoning & alternative use
17 · 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
Method
Estimation
Statistic approach
by Request
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,270,000
Current use
AUTO REPAIR, GARAGE
$1,215,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$810k
Range $729k – $891k · ±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
$59 / 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
$35,010
Tax year 2023
Assessed value
$1,805,187
Assessed 2024
Previous assessed
$1,671,915
+8.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$178,911
Assessed improvement
$1,626,276
Land market value
$178,911
Improvement market value
$1,626,276
Total market value
$1,805,187
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
2002
Heating
NONE
Total area
13,791 SF
Lot
1.37 ac (59,634 SF)
Zoning code
17
APN
R75450
UPID
US82-1258452
Jurisdiction
LUBBOCK
Zoning & alternative use
17 · Lubbock, TX
Zoning 17 · permitted uses
17 · 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
OFFICE BUILDING Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING Current
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
2002
Heating
NONE
Lot
1.37 ac
Current owner
From public records · entity-resolved
LEZTEW LLC
Entity
Free & Clear · 0 yrs held
Mailing address
8312 UPLAND AVE, LUBBOCK, TX 79424-4718
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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