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Property profile & analytics
OFF-MARKET
Estimated value
$2,145,000
Warehouses
9602 University Ave Lubbock, TX 79423-4210
Individually Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-2928557
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Total area
119,592 SF
Lot
5.79 ac (252,143 SF)
APN
R162202
UPID
US83-2928557
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
-
Discount Storage: 96th & University Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.15M
Owner & transaction history
96th & Univ Of Add A Closet South · 18 yrs held
96th & Univ Of Add A Closet South
since 2008
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
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
$18 / 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
$47,400
Tax year 2023
Assessed value
$2,835,000
Assessed 2024
Previous assessed
$2,835,000
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$372,143
Assessed improvement
$2,462,857
Land market value
$372,143
Improvement market value
$2,462,857
Total market value
$2,835,000
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
2006
Heating
NONE
Total area
119,592 SF
Lot
5.79 ac (252,143 SF)
APN
R162202
UPID
US83-2928557
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
2006
Heating
NONE
Lot
5.79 ac
Current owner
From public records · entity-resolved
96th & Univ Of Add A Closet South
Individual
Mailing address
5625 COUNTY RD 7410, LUBBOCK, TX 79424-8438
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2022
—
96th & University Disc Self Storage
—
Deed
related
$1,200,000 · First Bank & Trust
Jan 7, 2008
—
96th & Univ Of Add A Closet South
Postar & Postar INC
Warranty Deed
—
—
—
96th & University Of Add-a-closet
—
Deed Of Trust
related
$1,353,859 · Plainscapital Bk
—
—
96th & University Of Add-a-closet
—
Deed Of Trust
related
$700,000 · Plains Capital Bank
—
—
Postar & Postar INC
—
Loan Modification
related
$874,293 · Plains Capital Bank
—
—
Postar & Postar INC
—
Deed Of Trust
related
$50,000 · Plains Capital Bank
—
—
96th Sreet Of Add-a-closet S Stor
—
Deed Of Trust
related
—
—
—
96th Sreet Of Add-a-closet S Stor
—
Deed Of Trust
related
—
—
—
96th Sreet Of Add-a-closet S Stor
—
Deed Of Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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