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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Warehouses
1310 Rayford Rd Spring, TX 77386-2709
Entity Owned
12-yr Hold
Free & Clear
Property ID
US83-2338011
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2005
Construction
FRAME
Total area
11,216 SF
Lot
5.2 ac (226,468 SF)
APN
0105-00-03600
UPID
US83-2338011
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
-
CubeSmart Self Storage Storage Facility
-
Dacor Fastners MFG & Carbon Factory Industrial Manufacturer
-
Springtex Glass General Contractor Renovation Specialist
-
Peoples Mortgage Company - Colton Lovett Loan Service Bank
-
Premier Remodeling Pros Spring Hardware & Home Improvement Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$930k
Owner & transaction history
Cube Hhf LP · 12 yrs held
Cube Hhf LP
since 2013
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+96.9%
Commercial (general)
$1.3M
+72.4%
Restaurant
$1.1M
+53.0%
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 Spring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring 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
$830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$740,000
Current use
OFFICE BUILDING
$1,460,000
Change: +97% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,280,000
Change: +72% · Conversion: Difficult
RESTAURANT
$1,135,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$720,000
Change: -3% · Conversion: Easy
MEDICAL BUILDING
$655,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±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
$83 / 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
$68,167
Tax year 2024
Assessed value
$4,601,213
Assessed 2024
Previous assessed
$4,326,110
+6.4% YoY
Effective rate
1.48%
On assessed value
Assessed land
$1,132,340
Assessed improvement
$3,468,873
Land market value
$1,132,340
Improvement market value
$3,468,873
Total market value
$4,601,213
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
7
Bathrooms
4
Total area
11,216 SF
Lot
5.2 ac (226,468 SF)
APN
0105-00-03600
UPID
US83-2338011
Jurisdiction
MONTGOMERY
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
$740,000
OFFICE BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$720,000
MEDICAL BUILDING
Est. value
$655,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2005
Construction
FRAME
Heating
NONE
Cooling
Yes
Buildings
7
Bathrooms
4
Lot
5.2 ac
Current owner
From public records · entity-resolved
Cube Hhf LP
Entity
Free & Clear · 12 yrs held
Mailing address
5 OLD LANCASTER RD, MALVERN, PA 19355-2132
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2021
—
Cube Hhf LP
—
Deed
related
$105,000,000 · Miscellaneous Ins Co
Dec 11, 2013
—
Cube Hhf LP
Pmsv Rayford East LP
Grant Deed
—
Nov 1, 2005
—
Rayford East Pmsv
Rayford Storage LLC
Quit Claim Deed
related
—
—
—
Cube Hhf LP
—
Deed Of Trust
related
$105,000,000 · Miscellaneous Ins Co
—
—
Pmsv Rayford East LP
—
Deed Of Trust
related
$69,919,035 · Wells Fargo 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.
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