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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Community centers
1200 Hwy 35th N Byp Alvin, TX 77511-8232
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US83-3826555
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2018
Total area
29,525 SF
Lot
5.46 ac (237,855 SF)
APN
0620-0058-000
UPID
US83-3826555
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
-
Alvin Animal Clinic Veterinary Clinic
-
La costa Restaurant
-
Mr sombrero #3 Restaurant
-
La Costa Seafood Grill Restaurant
-
Studio 7 Barber & Beauty Spa Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.29M
Owner & transaction history
C L Alvin Equity LLC · 4 yrs held
C L Alvin Equity LLC
since 2021
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 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,510,000
Current use
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±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
$44 / 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 2018Property tax & assessments
Tax year 2018
Assessed value
$6,437,500
Assessed 2023
Previous assessed
$6,437,500
+0.0% YoY
Assessed land
$1,264,300
Assessed improvement
$5,173,200
Land market value
$1,264,300
Improvement market value
$5,173,200
Total market value
$6,437,500
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2018
Heating
NONE
Buildings
2
Stories
1
Bathrooms
1
Total area
29,525 SF
Lot
5.46 ac (237,855 SF)
APN
0620-0058-000
UPID
US83-3826555
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2018
Heating
NONE
Stories
1
Buildings
2
Bathrooms
1
Lot
5.46 ac
Current owner
From public records · entity-resolved
C L Alvin Equity LLC
Entity
Mailing address
12818 LOTT AVE, HOUSTON, TX 77089-1702
Ownership since
2021
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
Sep 10, 2021
—
C L Alvin Equity LLC
Westover Plaza Ltd
Venders Lien
$6,300,000 · Bancorpsouth Bank
Jan 23, 2019
—
Westover Plaza Ltd
—
Deed
related
$306,330 · Texan Bk
Oct 10, 2017
—
Westover Plaza Ltd
—
Deed
related
$3,180,000 · Texan Bk
Jun 30, 2017
—
Westerover Plaza Ltd
Porterfield,bradley & Rebecca
Grant Deed
—
Nov 22, 2004
—
Bradley Porterfield
Craddock,judith R F
Warranty Deed
related
—
—
—
Westover Plaza Ltd
—
Deed Of Trust
related
$306,330 · Texan Bk
—
—
Westover Plaza Ltd
—
Deed Of Trust
related
$3,180,000 · Texan Bk
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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