Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,815,000
Commercial real estate
12909 Ih 37 Mathis, TX 78368-1514
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US82-9183869
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
41,850 SF
Lot
1.85 ac (80,499 SF)
APN
1936-0000-0002-000
UPID
US82-9183869
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
$6.52M
Comparable Approach
Comparable
$7.11M
Blend (final)
Blend
$6.82M
Owner & transaction history
Mathis Deluxe Hospotality LLC · 7 yrs held
Mathis Deluxe Hospotality LLC
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 Mathis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mathis 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%
$7,060,000
6.5%
$6,520,000
7%
$6,055,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,260,000
Current use
Blend value · Realmo final
$6.82M
Range $6.13M – $7.50M · ±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
$163 / 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
$48,536
Tax year 2023
Assessed value
$3,053,146
Assessed 2023
Previous assessed
$3,053,146
+0.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$128,000
Assessed improvement
$2,925,146
Land market value
$128,000
Improvement market value
$2,925,146
Total market value
$3,053,146
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
Off-Market
Heating
NONE
Total area
41,850 SF
Lot
1.85 ac (80,499 SF)
APN
1936-0000-0002-000
UPID
US82-9183869
Jurisdiction
SAN PATRICIO
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
COMMERCIAL (GENERAL) Current
Est. value
$8.3M
COMMERCIAL (GENERAL) 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
Heating
NONE
Lot
1.85 ac
Current owner
From public records · entity-resolved
Mathis Deluxe Hospotality LLC
Entity
Mailing address
12909 IH 37, MATHIS, TX 78368-1514
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2018
—
Mathis Deluxe Hospotality LLC
Texas Champion Bank
Special Warranty Deed
$2,394,180 · Texas Champion Bank
Aug 15, 2018
$2,614,755
Texas Champion Bk
Avots Peter E|ullah Investments LLC
Trustees Deed
related
—
May 15, 2009
—
Ullah Investments LLC
Consolidated Electrical Distri
Quit Claim Deed
related
—
—
—
Ullah Investments LLC
—
Deed Of Trust
related
$122,000 · Texas Champion Bank
—
—
Ullah Investments INC
—
Deed Of Trust
related
$2,256,000 · Texas Champion Bank
—
—
Ullah Investments LLC
—
Deed Of Trust
related
$800,000 · Texas Champion Bank
—
—
Ullah Investments LLC
—
Loan Modification
related
$2,256,000 · Champion Bk
—
—
Ullah Investments LLC
—
Loan Modification
related
$2,256,000 · Texas Champion Bk
—
—
Ullah Investments LLC
—
Loan Modification
related
$122,000 · Texas Champion Bk
—
—
Ullah Investments LLC
—
Loan Modification
related
$800,000 · Texas Champion Bk
—
—
Ullah Investments LLC
—
Deed Of Trust
related
$122,000 · Texas Champion Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12909 Ih 37?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
