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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Warehouses
12700 Cole Dr Cleveland, TX 77328-2363
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-2573933
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Total area
8,000 SF
Lot
4.99 ac (217,277 SF)
Zoning code
5
APN
6060-00-17200
UPID
US83-2573933
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
$760k
Comparable Approach
Comparable
$717k
Blend (final)
Blend
$740k
Owner & transaction history
Scott Gerard Davis · 2 yrs held
Scott Gerard Davis
since 2024
7 recorded transactions
Zoning & alternative use
5 · Cleveland, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$950,000
+84.4%
Restaurant
$920,000
+78.8%
Auto repair, garage
$730,000
+41.5%
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 Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland 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%
$825,000
6.5%
$760,000
7%
$705,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$515,000
Current use
APARTMENT HOUSE (5+ UNITS)
$950,000
Change: +84% · Conversion: Difficult
RESTAURANT
$920,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$730,000
Change: +42% · Conversion: Easy
OFFICE BUILDING
$715,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$515,000
Change: 0% · Conversion: Moderate
MEDICAL BUILDING
$470,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$93 / 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
$18,368
Tax year 2024
Assessed value
$900,000
Assessed 2024
Previous assessed
$870,000
+3.4% YoY
Effective rate
2.04%
On assessed value
Assessed land
$424,438
Assessed improvement
$475,562
Land market value
$424,438
Improvement market value
$475,562
Total market value
$900,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Heating
NONE
Cooling
NONE
Total area
8,000 SF
Lot
4.99 ac (217,277 SF)
Zoning code
5
APN
6060-00-17200
UPID
US83-2573933
Jurisdiction
MONTGOMERY
Zoning & alternative use
5 · Cleveland, TX
Zoning 5 · permitted uses
5 · Cleveland, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$515,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$950,000
RESTAURANT
Est. value
$920,000
AUTO REPAIR, GARAGE
Est. value
$730,000
OFFICE BUILDING
Est. value
$715,000
RETAIL STORES
Est. value
$515,000
MEDICAL BUILDING
Est. value
$470,000
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2019
Heating
NONE
Cooling
Yes
Lot
4.99 ac
Current owner
From public records · entity-resolved
Scott Gerard Davis
Individual
Free & Clear · 2 yrs held
Mailing address
12318 HWY 59, SPLENDORA, TX 77372-4097
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2024
—
Scott Gerard Davis
M&slimited Parmership LP
Correction Deed
related
—
Jul 10, 2020
—
G-force Jars LLC
—
Deed
related
$150,000 · Southtrust Bk
Jun 19, 2020
—
G-force Jars LLC
—
Deed
related
$349,394 · Independent Bk
Jan 21, 2020
—
Midline Road Properties
Ok Family Properties LP
Grant Deed
related
—
Apr 24, 2019
—
G-force Jars LLC
—
Deed
related
$350,000 · Independent Bk
Apr 17, 2019
—
G-force Jars LLC
—
Deed
related
$350,000 · Independent Bk
Dec 20, 2018
—
Midline Road Properties
Id I Machine Works
Warranty Deed
related
—
Mar 23, 2018
—
Denny D Coker
—
Deed Of Trust
related
$350,000 · Independent Bk
Sep 5, 2017
—
Scott G Davis
M & S LP
Quit Claim Deed
—
Sep 18, 2014
—
Denny D Coker
Kennedy Odie D
Grant Deed
related
—
Jan 28, 2013
—
Ok Family Properties LP
Kennedy,odie
Warranty Deed
related
—
Dec 28, 2012
—
M & S Angels Family LP
Davis,scott G & Fanni M
Warranty Deed
related
—
Jun 8, 2011
—
Denny D Coker
Kennedy,odie D
Warranty Deed
$120,000 · Odie Kennedy
—
—
G-force Jars LLC
—
Loan Modification
related
$350,000 · Independent Bk
—
—
G-force Jars LLC
—
Loan Modification
related
$350,000 · Independent Bk
—
—
G-force Jars LLC
—
Loan Modification
related
$349,394 · Independent Bk
—
—
G-force Jars LLC
—
Loan Modification
related
$150,000 · Southtrust 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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