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Property profile & analytics
FOR SALE
Commercial real estate
1256 County Road 401 Merkel, TX 79536
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2046425
For Sale
1 / 40
$2,500,000
1256 County Road 401, Merkel, TX 79536
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2020
Total area
3,000 SF
Lot
53.51 ac (2,330,939 SF)
APN
A0072015100
UPID
US82-2046425
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
$580k
CAP Approach
CAP
$455k
Comparable Approach
Comparable
$577k
Blend (final)
Blend
$580k
Owner & transaction history
Kerry Fryar · 8 yrs held
Kerry Fryar
since 2018
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 Merkel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Merkel 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
$580,000
CAP Approach
CAP Return
Estimation
6%
$495,000
6.5%
$455,000
7%
$425,000
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$193 / 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
$9,697
Tax year 2023
Assessed value
$686,715
Assessed 2023
Previous assessed
$686,715
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$204,259
Assessed improvement
$482,456
Land market value
$204,259
Improvement market value
$482,456
Total market value
$686,715
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
For Sale
Year built
2020
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Total area
3,000 SF
Lot
53.51 ac (2,330,939 SF)
APN
A0072015100
UPID
US82-2046425
Jurisdiction
TAYLOR
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
2020
Heating
CENTRAL
Cooling
Yes
Buildings
2
Lot
53.51 ac
Current owner
From public records · entity-resolved
Kerry Fryar
Individual
Mailing address
181 COUNTY RD 139, MERKEL, TX 79536-3105
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Jul 9, 2018
—
Kerry Fryar
Rags Tin Cup LLC
Warranty Deed
$100,500 · Rags Tin Cup LLC
May 1, 2018
—
Rags Tin Cup LLC
Card,leo
Warranty Deed
related
—
Mar 30, 2017
—
Leo Card
Rags Tin Cup LLC
Warranty Deed
related
—
Apr 29, 2013
—
Rags Tin Cup LLC
Amjm Farms LLC
Warranty Deed
related
—
Feb 16, 2011
—
Amjm Farms LLC
Cks Properties LP
Warranty Deed
$150,000 · Private Individual
Apr 25, 2005
—
Tin Cup Country Club
Owner Name Unavailable
Grant Deed
—
—
—
Rags Tin Cup LLC
—
Deed Of Trust
related
$200,000 · Kelly Mccarty
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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