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Property profile & analytics
OFF-MARKET
Commercial real estate
104 Lipan Dr Lipan, TX 76462
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US82-0110255
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1938
Total area
3,204 SF
Lot
0.14 ac (6,011 SF)
APN
15800.001.0001.3
UPID
US82-0110255
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
-
Eagle Mountain Farm House Cheese Bakery Specialty Food Shop
-
SUGS Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Patten Tree Service LLC · 5 yrs held
Patten Tree Service LLC
since 2020
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 Lipan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lipan 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
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$1,008
Tax year 2024
Assessed value
$62,860
Assessed 2024
Previous assessed
$70,050
-10.3% YoY
Effective rate
1.60%
On assessed value
Assessed land
$4,830
Assessed improvement
$58,030
Land market value
$4,830
Improvement market value
$58,030
Total market value
$62,860
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1938
Heating
NONE
Stories
1
Total area
3,204 SF
Lot
0.14 ac (6,011 SF)
APN
15800.001.0001.3
UPID
US82-0110255
Jurisdiction
HOOD
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
1938
Heating
NONE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Patten Tree Service LLC
Entity
Mailing address
PO BOX 1496, GRANBURY, TX 76048-8496
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2020
—
Patten Tree Service LLC
John Howard
Warranty Deed
$48,000 · John M & Beth Howard
Jan 18, 2018
—
John Howard
Lipan Cowboy Church
Warranty Deed
related
—
Jun 30, 2016
—
Lipan Cowboy Church
Satterfield,willis & Bonnie F
Warranty Deed
related
—
Jun 10, 2014
—
Sweet Louise INC
First National Bank Of Granbury
Venders Lien
$112,000 · First National Bank Of Granbury
Dec 7, 2012
—
First Natl Bk Of Granbury
Harrell,ronnie & Elsie
Deed In Lieu Of Foreclosure
related
—
Feb 10, 2012
—
Ronnie Harrell
First Natl Bk Of Granbury
Grant Deed
$45,000 · First National Bank Granbury
Jun 2, 2010
—
First Natl Bk Of Granbury
Shellys Market LLC
Deed In Lieu Of Foreclosure
related
—
Aug 7, 2009
—
Shellys Market LLC
—
Trustees Deed
related
$113,780 · First National Bank Granbury
Apr 17, 2006
—
Shellys Market LLC
Green,judy
Warranty Deed
$80,000 · First Nat'l Bk/granbury
—
—
Shellys Market LLC
—
Deed Of Trust
related
$35,000 · First National Bank Granbury
—
—
Sweet Louise INC
—
Loan Modification
related
$112,000 · First Nat'l Bk/granbury
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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