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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Flex space
1002 Laurent St, Victoria, TX 77901
Individually Owned
8-yr Hold
Free & Clear
Property ID
US82-6289219
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1979
Construction
FRAME
Total area
7,440 SF
Lot
1.86 ac (81,109 SF)
APN
14620-001-00200
UPID
US82-6289219
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
$590k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
Richard Dennis Cisneros · 8 yrs held
Richard Dennis Cisneros
since 2018
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$925,000
+53.1%
Commercial (general)
$885,000
+47.1%
Retail stores
$730,000
+21.5%
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 Victoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Victoria 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%
$640,000
6.5%
$590,000
7%
$545,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$605,000
Current use
RESTAURANT
$925,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$885,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$730,000
Change: +21% · Conversion: Moderate
AUTO REPAIR, GARAGE
$700,000
Change: +17% · Conversion: Easy
OFFICE BUILDING
$680,000
Change: +13% · Conversion: Difficult
MEDICAL BUILDING
$645,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$79 / 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
$6,944
Tax year 2023
Assessed value
$367,510
Assessed 2023
Previous assessed
$367,510
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$243,330
Assessed improvement
$124,180
Land market value
$243,330
Improvement market value
$124,180
Total market value
$367,510
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1979
Construction
FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
7,440 SF
Lot
1.86 ac (81,109 SF)
APN
14620-001-00200
UPID
US82-6289219
Jurisdiction
VICTORIA
Zoning & alternative use
Zoning · permitted uses
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
INDUSTRIAL (GENERAL) Current
Est. value
$605,000
RESTAURANT
Est. value
$925,000
COMMERCIAL (GENERAL)
Est. value
$885,000
RETAIL STORES
Est. value
$730,000
AUTO REPAIR, GARAGE
Est. value
$700,000
OFFICE BUILDING
Est. value
$680,000
MEDICAL BUILDING
Est. value
$645,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
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
1979
Construction
FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
1.86 ac
Current owner
From public records · entity-resolved
Richard Dennis Cisneros
Individual
Free & Clear · 8 yrs held
Mailing address
1503 S LAURENT ST, VICTORIA, TX 77901-7763
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2018
—
Richard Dennis Cisneros
Richard Dennis Cisneros
Intrafamily Transfer
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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