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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Flex space
16137 Fm 624, Robstown, TX 78380
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2783363
Property summary
AI-generated overview
This exceptional industrial property, located at 16137 FM 624 in Nueces County, offers a total of 18,100 square feet of warehouse space, perfect for a single tenant. The main building boasts approximately 1,200 square feet of office space, a spacious 12,000 square foot shop area equipped with six overhead doors and one sliding door, and a convenient 2,900 square foot canopy. A secondary building provides an additional 2,000 square feet of shop space with two overhead doors. The property sits on approximately 4.96 acres of land, offering ample space for operations and storage. Security features include a gated and partially fenced perimeter, and a partially stabilized yard. The property benefits from heavy 3-phase power and excellent highway access via FM 624 frontage. This location is outside city limits, eliminating zoning restrictions. The property is currently vacant and ready for immediate occupancy. Inquire for pricing and lease terms. APN: 200052721.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1970
Total area
21,100 SF
Lot
4.96 ac (216,145 SF)
Zoning code
OCL
APN
9136-0004-0507
UPID
US82-2783363
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
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$861k
Blend (final)
Blend
$770k
Owner & transaction history
Ask Leasing LLC · 3 yrs held
Ask Leasing LLC
since 2022
2 recorded transactions
Zoning & alternative use
OCL · Robstown, TX
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 Robstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Robstown 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
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$770k
Range $693k – $847k · ±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
$36 / 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
$8,833
Tax year 2023
Assessed value
$577,481
Assessed 2024
Previous assessed
$525,000
+10.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$104,485
Assessed improvement
$472,996
Land market value
$104,485
Improvement market value
$472,996
Total market value
$577,481
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1970
Heating
NONE
Total area
21,100 SF
Lot
4.96 ac (216,145 SF)
Zoning code
OCL
APN
9136-0004-0507
UPID
US82-2783363
Jurisdiction
NUECES
Zoning & alternative use
OCL · Robstown, TX
Zoning OCL · permitted uses
OCL · Robstown, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Robstown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Lot
4.96 ac
Current owner
From public records · entity-resolved
Ask Leasing LLC
Entity
Mailing address
4528 COUNTY RD 81, ROBSTOWN, TX 78380-4357
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2022
—
Ask Leasing LLC
Norma C Miller
Venders Lien
$487,500 · Prosperity Bank
Apr 1, 2019
—
Norma C Miller
Miller Norma C Living Trust
Quit Claim Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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