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Property profile & analytics
OFF-MARKET
Estimated value
$7,165,000
Warehouses
1500 Commerce Dr Mission, TX 78572-1657
Individually Owned
5-yr Hold
Free & Clear
Property ID
US82-2933107
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Total area
79,800 SF
Lot
6.63 ac (288,716 SF)
APN
E8465-08-000-0013-05
UPID
US82-2933107
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
-
Wells Vehicle Electronics Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.85M
Comparable Approach
Comparable
$6.48M
Blend (final)
Blend
$7.17M
Owner & transaction history
Killam Dev Ltd · 5 yrs held
Killam Dev Ltd
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.6M
+122.9%
Office building
$11.3M
+116.8%
Retail stores
$11.1M
+113.8%
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 Mission submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mission 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%
$8,500,000
6.5%
$7,845,000
7%
$7,285,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,200,000
Current use
COMMERCIAL (GENERAL)
$11,590,000
Change: +123% · Conversion: Difficult
OFFICE BUILDING
$11,275,000
Change: +117% · Conversion: Difficult
RETAIL STORES
$11,120,000
Change: +114% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,365,000
Change: +99% · Conversion: Easy
RESTAURANT
$8,365,000
Change: +61% · Conversion: Difficult
MEDICAL BUILDING
$7,755,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,475,000
Change: +44% · Conversion: Moderate
Blend value · Realmo final
$7.17M
Range $6.45M – $7.88M · ±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
$90 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$101,860
Tax year 2022
Assessed value
$4,000,000
Assessed 2023
Previous assessed
$4,000,000
+0.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$606,303
Assessed improvement
$3,393,697
Land market value
$606,303
Improvement market value
$3,393,697
Total market value
$4,000,000
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
2007
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
79,800 SF
Lot
6.63 ac (288,716 SF)
APN
E8465-08-000-0013-05
UPID
US82-2933107
Jurisdiction
HIDALGO
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
$5.2M
COMMERCIAL (GENERAL)
Est. value
$11.6M
OFFICE BUILDING
Est. value
$11.3M
RETAIL STORES
Est. value
$11.1M
AUTO REPAIR, GARAGE
Est. value
$10.4M
RESTAURANT
Est. value
$8.4M
MEDICAL BUILDING
Est. value
$7.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.5M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2007
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
6.63 ac
Current owner
From public records · entity-resolved
Killam Dev Ltd
Individual
Free & Clear · 5 yrs held
Mailing address
4320 UNIVERSITY BLVD, LAREDO, TX 78041-1934
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2020
—
Killam Dev Ltd
Lfd LLC
Grant Deed
—
Oct 10, 2019
—
Lfd LLC
—
Deed
related
$8,750,000 · Jpmorgan Chase Bank NA
Jun 7, 2019
—
Lfd LLC
—
Deed
related
$2,500,000 · Texas Reg'l Bk
May 24, 2019
—
J M A Ents INC
—
Deed
related
$440,000 · Vantage Bk Tx NA
May 14, 2019
—
Lfd LLC
—
Deed
related
$11,750 · Jpmorgan Chase Bank NA
Oct 12, 2006
—
Lfd Ltd
Mission Economic Dev Authority
Grant Deed
—
—
—
Lfd LLC
—
Deed Of Trust
related
$2,500,000 · Texas Reg'l Bk
—
—
J M A Ents INC
—
Deed Of Trust
related
$440,000 · Vantage Bk Tx NA
—
—
Lfd LLC
—
Deed Of Trust
related
$4,606,000 · J P Morgan Chase Bank
—
—
Lfd LLC
—
Loan Modification
related
$410,000 · Jp Morgan Chase Bk
—
—
Lfd LLC
—
Deed Of Trust
related
$2,100,000 · J P Morgan Chase Bank
—
—
Lfd Ltd
—
Deed Of Trust
related
$4,606,000 · J P Morgan Chase 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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