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Property profile & analytics
OFF-MARKET
Estimated value
$14,090,000
Warehouses
1701 23rd St Canyon, TX 79015-7962
Entity Owned
Free & Clear
Property ID
US82-3179076
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Total area
157,836 SF
Lot
22.05 ac (960,672 SF)
Zoning code
RC2
APN
R-086-0729-0001
UPID
US82-3179076
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
-
Walmart Garden Center Garden Center
-
Walmart Business Center (Bike/Boat/Book/etc) Store
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
Walmart Home Theater Installation Electrical Service General Contractor
-
Walmart Money Center Check Cashing
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.22M
Comparable Approach
Comparable
$12.96M
Blend (final)
Blend
$14.09M
Owner & transaction history
WAL MART REAL EST BUS TRUST
WAL MART REAL EST BUS TRUST
Zoning & alternative use
RC2 · Canyon, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$20.8M
+27.5%
Retail stores
$18.6M
+13.8%
Restaurant
$16.8M
+3.3%
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 Canyon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Canyon 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%
$16,485,000
6.5%
$15,215,000
7%
$14,130,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$16,305,000
Current use
AUTO REPAIR, GARAGE
$20,780,000
Change: +27% · Conversion: Easy
RETAIL STORES
$18,560,000
Change: +14% · Conversion: Moderate
RESTAURANT
$16,845,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$14.09M
Range $12.68M – $15.50M · ±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
$89 / 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
$143,144
Tax year 2018
Assessed value
$8,200,000
Assessed 2024
Previous assessed
$7,500,000
+9.3% YoY
Effective rate
1.75%
On assessed value
Assessed land
$483,350
Assessed improvement
$7,716,650
Land market value
$483,350
Improvement market value
$7,716,650
Total market value
$8,200,000
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
2004
Heating
NONE
Stories
1
Total area
157,836 SF
Lot
22.05 ac (960,672 SF)
Zoning code
RC2
APN
R-086-0729-0001
UPID
US82-3179076
Jurisdiction
RANDALL
Zoning & alternative use
RC2 · Canyon, TX
Zoning RC2 · permitted uses
RC2 · Canyon, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Canyon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$16.3M
AUTO REPAIR, GARAGE
Est. value
$20.8M
RETAIL STORES
Est. value
$18.6M
RESTAURANT
Est. value
$16.8M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
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
2004
Heating
NONE
Stories
1
Lot
22.05 ac
Current owner
From public records · entity-resolved
WAL MART REAL EST BUS TRUST
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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