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Property profile & analytics
OFF-MARKET
Estimated value
$2,545,000
Warehouses
12130 Hwy 3rd 1st Bldg 1 Webster, TX 77598-1540
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US82-0235072
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2017
Construction
STEEL & CONCRETE
Total area
42,000 SF
Lot
8.09 ac (352,313 SF)
APN
1386340010001
UPID
US82-0235072
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
by Request
Comparable Approach
Comparable
$2.33M
Blend (final)
Blend
$2.55M
Owner & transaction history
Ajay K Jain · 7 yrs held
Ajay K Jain
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.3M
+103.2%
Apartment house (5+ units)
$3.1M
+85.3%
Office building
$2.9M
+74.5%
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 Webster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Webster 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
WAREHOUSE, STORAGE
$1,645,000
Current use
COMMERCIAL (GENERAL)
$3,345,000
Change: +103% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,050,000
Change: +85% · Conversion: Difficult
OFFICE BUILDING
$2,875,000
Change: +74% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,600,000
Change: +58% · Conversion: Easy
MEDICAL BUILDING
$2,510,000
Change: +52% · Conversion: Difficult
RESTAURANT
$2,480,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$1,745,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$2.55M
Range $2.29M – $2.80M · ±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
$61 / 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
$118,847
Tax year 2023
Assessed value
$10,903,396
Assessed 2024
Previous assessed
$10,903,396
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$3,388,130
Assessed improvement
$7,515,266
Land market value
$3,388,130
Improvement market value
$7,515,266
Total market value
$10,903,396
Applied tax rate
21.0000
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
2017
Construction
STEEL & CONCRETE
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
42,000 SF
Lot
8.09 ac (352,313 SF)
APN
1386340010001
UPID
US82-0235072
Jurisdiction
HARRIS
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
$1.6M
COMMERCIAL (GENERAL)
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.5M
RESTAURANT
Est. value
$2.5M
RETAIL STORES
Est. value
$1.7M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
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
2017
Construction
STEEL & CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
8.09 ac
Current owner
From public records · entity-resolved
Ajay K Jain
Individual
Mailing address
12130 HWY 3RD 1ST BLDG #1, WEBSTER, TX 77598-1540
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2019
—
Ajay K Jain
Kremenic,thomas
Warranty Deed
$900,000 · Community Bk/tx
Jun 12, 2013
—
Makai Properties LP
R & H Invs
Grant Deed
$2,063,375 · Frost Bk
May 8, 2008
—
R & H Investments
Spacehab INC
Grant Deed
related
—
—
—
Kremenic,thomas
—
Loan Modification
related
$508,426 · Sterling Bk
—
—
Makai Properties LP
—
Deed Of Trust
related
$1,871,972 · Frost Bk
—
—
Kremenic,thomas
—
Loan Modification
related
$369,083 · Sterling 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.
Try Rey
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