Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9703 Milwaukee Ave Lubbock, TX 79424-9701

    • Commercial real estate
    • 6,912 SF
    • 1.42 lot acres
    OFF-MARKET
    Value Estimations
    $555,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4922829
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bitcoin Depot - Bitcoin ATM / Crypto Atm / Atm
    • Circle K | Car Wash / Car Wash
    • Circle K ATM / Atm
    • Circle K / Gas Station

    Property Details for 9703 Milwaukee Ave

    Year built
    2022
    Lot size
    1.42 lot acres
    Property size
    6,912 SF
    Property type
    Commercial real estate
    APN
    R337909
    APU
    R337909

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $672,000
      Market price range: $247k - $673k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $450,000
      Current use
      RESTAURANT
      $690,000
      Change: +53% Conversion: Difficult
      OFFICE BUILDING
      $635,000
      Change: +42% Conversion: Easy
      AUTO REPAIR, GARAGE
      $610,000
      Change: +35% Conversion: Difficult
      WAREHOUSE, STORAGE
      $365,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.956
    Latitude
    33.5057
    CBSA code
    31180
    CBSA name
    LUBBOCK, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $30,190
    $253,138
    $1,561,862
    $1,815,000
    -
    $253,138
    $1,561,862
    $1,815,000

    Comparable in this City

    • Value Estimation by Request
      1.19 Acres

      8102 Venita Ave

      Land • 1.19 Acres
      8102 Venita Ave, Lubbock, TX 79424
      View Details
    • Value Estimation by Request
      3.88 Acres

      82nd St & Saratoga Ave

      Land • 3.88 Acres
      82nd St & Saratoga Ave, Lubbock, TX 79424
      View Details
    • Value Estimation by Request

      5702 Spur 327

      Land
      5702 Spur 327, Lubbock, TX 79424
      View Details
    • Value Estimation by Request
      0.74 Acres

      5016 Acc Rd

      Land • 0.74 Acres
      5016 Acc Rd, Lubbock, TX 79424
      View Details
    • Value Estimation by Request

      6711 Milwaukee Ave

      Land
      6711 Milwaukee Ave, Lubbock, TX 79424
      View Details
    • Value Estimation by Request

      6623 Monticello Ave

      Land
      6623 Monticello Ave, Lubbock, TX 79424
      View Details

    Similar Nearby for Sale

    • $675,000

      Established Roll-Off Dumpster Business

      Profitable Lubbock, TX Waste Business
      10210 Quaker Ave, Lubbock, TX 79424
      View Details
    • $2,178,000
      5.00 Acres

      Lubbock Commercial Land - 5 Acres

      Prime 5-acre commercial lot, high traffic area.
      7002 82Nd St, Lubbock, TX 79424
      View Details
    • $175,000

      Prime Lubbock Commercial Land

      Heavy Commercial Zoned Lot - $175,000
      6701 Quincy Ave, Lubbock, TX 79424
      View Details
    • Contact for pricing

      Lubbock Commercial Land - 33,000 SF

      Prime Lubbock development land, ideal retail.
      6711 Milwaukee Ave, Lubbock, TX 79424
      View Details
    • Contact for pricing

      Lubbock Commercial Land: Prime Retail Site

      High-traffic retail land, ready for development.
      8210 Milwaukee Ave, Lubbock, TX 79424
      View Details
    • Contact for pricing
      0.25 Acres

      Slide Road Commercial Land Investment

      Prime Lubbock location, divisible lots, high-traffic area.
      10802 Slide Rd, Lubbock, TX 79424
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      41,023 SF

      Frankford Plaza Retail Center

      Lubbock, TX Strip Center - High Traffic
      5004 Frankford Ave, Lubbock, TX 79424
      View Details
    • $21 SF/Yr
      10,000 SF

      Milwaukee Ave Retail Space

      10,000 SF Retail/Office Space in Lubbock, TX
      6703 Milwaukee Ave, Lubbock, TX 79424
      View Details
    • $8 SF/Yr
      1,200 SF

      Lubbock County Warehouse Space

      1200 SF Warehouse - Single Tenant
      5152 69Th St, Lubbock, TX 79424
      View Details
    • $12 SF/Yr
      86,534 SF

      Rockridge Plaza: Retail Space Available

      Lubbock, TX Retail Center: 3 Suites Available
      5217 82Nd St, Lubbock, TX 79424
      View Details
    • $20 SF/Yr
      138,202 SF

      South Plains Crossing Retail Center

      High-traffic retail space available.
      6816 Slide Rd, Lubbock, TX 79424
      View Details
    • $15 SF/Yr
      41,023 SF

      Retail Space on Frankford Avenue

      Highly visible retail spaces with convenient parking and highway access.
      5004 Frankford Ave, Lubbock, TX 79424
      View Details

    Property Visit Statistics

    • Visits by month
      15.2k
    • Visitors by month
      11.1k
    • Avg Time on site
      11 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9703 Milwaukee Ave
    Lubbock, TX 79424-9701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.