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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Grocery and convenience stores
1541 Hwy 2004 Richwood, TX 77531-2518
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US82-2341097
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1994
Total area
7,078 SF
Lot
1 ac (43,560 SF)
APN
4360-0000-503
UPID
US82-2341097
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
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$658k
Blend (final)
Blend
$600k
Owner & transaction history
Alexa Gianelly Contreras · 1 yrs held
Alexa Gianelly Contreras
since 2024
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$995,000
+210.5%
Restaurant
$970,000
+201.8%
Auto repair, garage
$875,000
+172.2%
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 Richwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richwood 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
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$995,000
Change: +210% · Conversion: Moderate
RESTAURANT
$970,000
Change: +202% · Conversion: Difficult
AUTO REPAIR, GARAGE
$875,000
Change: +172% · Conversion: Difficult
MEDICAL BUILDING
$640,000
Change: +99% · Conversion: Difficult
RETAIL STORES
$620,000
Change: +93% · Conversion: Easy
WAREHOUSE, STORAGE
$540,000
Change: +68% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$85 / 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 2018Property tax & assessments
Tax year 2018
Tax billed
$30,986
Tax year 2018
Assessed value
$1,451,916
Assessed 2023
Previous assessed
$1,224,670
+18.6% YoY
Effective rate
2.13%
On assessed value
Assessed land
$84,940
Assessed improvement
$1,366,976
Land market value
$84,940
Improvement market value
$1,366,976
Total market value
$1,451,916
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1994
Heating
PACKAGE
Total area
7,078 SF
Lot
1 ac (43,560 SF)
APN
4360-0000-503
UPID
US82-2341097
Jurisdiction
BRAZORIA
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
OFFICE BUILDING
Est. value
$995,000
RESTAURANT
Est. value
$970,000
AUTO REPAIR, GARAGE
Est. value
$875,000
MEDICAL BUILDING
Est. value
$640,000
RETAIL STORES
Est. value
$620,000
WAREHOUSE, STORAGE
Est. value
$540,000
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1994
Heating
PACKAGE
Lot
1 ac
Current owner
From public records · entity-resolved
Alexa Gianelly Contreras
Individual
Mailing address
1506 CALEDONIA TRL, SUGAR LAND, TX 77479-5761
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2024
—
Alexa Gianelly Contreras
Laurel Oak Investments LLC
Deed
$123,061 · Laurel Oak Investments LLC
Feb 13, 2019
—
1541 Richwood Realty INC
Jansa Properties INC
Venders Lien
$920,000 · Hometown Bank NA
May 1, 2017
—
Jansa Properties INC
—
Deed
related
$310,000 · Tallahassee St Bk
Apr 29, 2008
—
Jansa Properties INC
Yasin Properties LLC
Warranty Deed
related
—
—
—
Jansa Properties INC
—
Deed Of Trust
related
$255,000 · Tallahassee St Bk
—
—
Jansa Properties INC
—
Deed Of Trust
related
$310,000 · Tallahassee St 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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