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Property profile & analytics
OFF-MARKET
Warehouses
1389 Wald Rd New Braunfels, TX 78132-5014
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3722471
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2011
Total area
6,200 SF
Lot
0.67 ac (29,272 SF)
APN
56-0193-0001-04
UPID
US82-3722471
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
-
Strength Built Athletics Training facility Gym & Fitness Center
-
Jordan Faulkner Strength and Performance Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Onq Optical Labs LLC · 9 yrs held
Onq Optical Labs LLC
since 2016
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 New Braunfels submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Braunfels 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,052
Tax year 2023
Assessed value
$629,132
Assessed 2024
Previous assessed
$524,277
+20.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$160,410
Assessed improvement
$554,140
Land market value
$160,410
Improvement market value
$554,140
Total market value
$714,550
Applied tax rate
46.0000
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
2011
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
6,200 SF
Lot
0.67 ac (29,272 SF)
APN
56-0193-0001-04
UPID
US82-3722471
Jurisdiction
COMAL
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
2011
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Onq Optical Labs LLC
Entity
Mailing address
1439 HANZ DR, NEW BRAUNFELS, TX 78130-2567
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Aug 29, 2018
—
Onq Optical Labs LLC
—
Deed
related
$221,914 · First Com'l Bk NA
Oct 31, 2016
—
Onq Optical Labs LLC
Sug LLC
Warranty Deed
$320,000 · First Com'l Bk
Aug 2, 2016
—
Sug LLC
—
Deed
related
$258,538 · First St Bk
Jun 2, 2011
—
Sug LLC
Obrien,john & Sandy
Warranty Deed
$302,550 · First State Bank
Jan 5, 2011
—
John O'brien
S & U Properties LLC
Warranty Deed
—
May 15, 2009
—
Lovett Partners LLC
Lovett,john W & Christa G
Quit Claim Deed
related
—
Oct 2, 2007
—
S & U Properties LLC
Lovett,john W & Christa G
Warranty Deed
related
$330,000 · First State Bank
Nov 22, 2006
—
John W Lovett
Bremer,curtis W
Warranty Deed
related
$70,000 · Curtis W Bremer
—
—
John O'brien
—
Deed Of Trust
related
$157,500 · Schertz Bank & Trust
—
—
Sug LLC
—
Loan Modification
related
$258,538 · First St Bk
—
—
Onq Optical Labs LLC
—
Deed Of Trust
related
$221,914 · First Com'l Bk NA
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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