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    Property profile & analytics

    116 1st Milano, TX 76556-2797

    • Commercial real estate
    • 2,260 SF
    • 0.79 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US82-5636622
    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

    • Commercial real estate

    Property Details for 116 1st

    Year built
    1926
    Lot size
    0.79 lot acres
    Property size
    2,260 SF
    Property type
    Commercial real estate
    APN
    R21418
    APU
    R21418

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milano
    County
    Milam
    State
    Texas
    Longitude
    -96.8618
    Latitude
    30.7114

    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
    2022
    $500
    $9,250
    $26,220
    $35,470
    -
    $9,250
    $26,220
    $35,470

    Comparable in this City

    • Value Estimation by Request
      1,300 SF

      321 Ww E Ave

      COMMERCIAL (GENERAL) • 1,300 SF
      321 Ww E Ave, Milano, TX 76556
      View Details
    • Value Estimation by Request
      1,400 SF

      304 Ew E Ave

      COMMERCIAL (GENERAL) • 1,400 SF
      304 Ew E Ave, Milano, TX 76556-2874
      View Details
    • Value Estimation by Request
      656 SF

      227 Ave C C

      COMMERCIAL (GENERAL) • 656 SF
      227 Ave C C, Milano, TX 76556
      View Details
    • Value Estimation by Request
      1,500 SF

      404 Ave C C

      COMMERCIAL (GENERAL) • 1,500 SF
      404 Ave C C, Milano, TX 76556
      View Details
    • Value Estimation by Request
      4,012 SF

      225 Texas St

      COMMERCIAL (GENERAL) • 4,012 SF
      225 Texas St, Milano, TX 76556
      View Details
    • Value Estimation by Request
      2,670 SF

      Milano, TX 76556

      COMMERCIAL (GENERAL) • 2,670 SF
      Milano, TX 76556
      View Details

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    116 1st
    Milano, TX 76556-2797
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    Realmo Value Estimation

    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.

    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.

    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
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