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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Warehouses
1111 Fm 517th Rd Alvin, TX 77511-1876
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2345461
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Total area
15,000 SF
Lot
4.69 ac (204,296 SF)
APN
0620-0119-000
UPID
US82-2345461
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
-
Rodzina Building Systems General Contractor
-
Superior Energy Services Oilfield Professional Services
-
Rodzina Construction LLC Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$705k
CAP Approach
CAP
$1.45M
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.11M
Owner & transaction history
Rodzina Development LLC · 3 yrs held
Rodzina Development LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+34.6%
Retail stores
$1.7M
+30.9%
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 Alvin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alvin 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
$705,000
CAP Approach
CAP Return
Estimation
6%
$1,565,000
6.5%
$1,445,000
7%
$1,340,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,320,000
Current use
AUTO REPAIR, GARAGE
$1,775,000
Change: +35% · Conversion: Easy
RETAIL STORES
$1,730,000
Change: +31% · Conversion: Moderate
MEDICAL BUILDING
$1,285,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±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
$74 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$36,144
Tax year 2024
Assessed value
$1,915,620
Assessed 2024
Previous assessed
$1,917,580
-0.1% YoY
Effective rate
1.89%
On assessed value
Assessed land
$267,420
Assessed improvement
$1,648,200
Land market value
$267,420
Improvement market value
$1,648,200
Total market value
$1,915,620
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Heating
PACKAGE
Buildings
2
Rooms
28
Total area
15,000 SF
Lot
4.69 ac (204,296 SF)
APN
0620-0119-000
UPID
US82-2345461
Jurisdiction
BRAZORIA
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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1994
Heating
PACKAGE
Buildings
2
Rooms
28
Lot
4.69 ac
Current owner
From public records · entity-resolved
Rodzina Development LLC
Entity
Mailing address
1360 POST OAK BLVD STE #1900, HOUSTON, TX 77056-3049
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2025
—
Rodzina Development LLC
—
Deed
related
$500,000 · Capital Bank
Dec 13, 2022
—
Rodzina Development LLC
Lucas Properties & Investments LLC
Venders Lien
$1,678,000 · Lucas Properties & Investments LLC
May 5, 2020
—
Lucas Prop & Invs LLC
—
Deed
related
$1,000,000 · First Nat'l Bk/anderson
Apr 27, 2020
—
Lucas Prop & Invs LLC
Owner Name Unavailable
Correction Deed
related
—
Mar 13, 2020
—
Lucas Prop & Invs LLP
Warrior Energy Services Corp
Grant Deed
—
Feb 7, 2020
—
Warrior Energy Services Corp
Superior Energy Services LLC
Quit Claim Deed
related
—
—
—
Lucas Prop & Invs LLC
—
Deed Of Trust
related
$1,000,000 · First Nat'l Bk/anderson
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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