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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Community centers
173 Tovrea Rd Alvin, TX 77511-2963
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-0602968
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2002
Total area
15,040 SF
Lot
1.86 ac (80,804 SF)
APN
8150-0000-006
UPID
US82-0602968
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
-
Wingstop Restaurant
-
Smoothie King Specialty Food Shop (Bike/Boat/Book/etc) Store
-
3C Dental Group Dental Office
-
Vapor Maven (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Q Lash & Brow Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$842k
Blend (final)
Blend
$780k
Owner & transaction history
Stpn Investment LLC · 2 yrs held
Stpn Investment LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+67.3%
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 Alvin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alvin 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
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$770,000
Current use
MEDICAL BUILDING
$1,290,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$52 / 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
$51,363
Tax year 2018
Assessed value
$2,761,640
Assessed 2023
Previous assessed
$2,000,000
+38.1% YoY
Effective rate
1.86%
On assessed value
Assessed land
$472,700
Assessed improvement
$2,288,940
Land market value
$472,700
Improvement market value
$2,288,940
Total market value
$2,761,640
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2002
Heating
PACKAGE
Total area
15,040 SF
Lot
1.86 ac (80,804 SF)
APN
8150-0000-006
UPID
US82-0602968
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$770,000
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
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
2002
Heating
PACKAGE
Lot
1.86 ac
Current owner
From public records · entity-resolved
Stpn Investment LLC
Entity
Mailing address
7777 BONHOMME AVE, SAINT LOUIS, MO 63105-1911
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2024
—
Stpn Investment LLC
Pool 6 Properties LLC
Special Warranty Deed
—
Jul 12, 2023
—
Pool 6 Properties LLC
—
Deed
related
—
Jul 13, 2021
—
Pool 6 Properites LLC
Sfp Pool Six LLC
Special Warranty Deed
$37,420,000 · Bsp Of Finance LLC
Jul 18, 2019
—
Sfp Pool Six LLC
—
Deed
related
—
Jul 14, 2014
—
Sfp Pool Six LLC
Trigild INC
Limited Warranty Deed
—
Oct 21, 2013
—
Trigild INC
Coldwater Portfolio Ptrs LLC
Grant Deed
related
—
Jan 22, 2009
—
Coldwater Portfolio Ptrs LLC
Alvin Tx Associates LLC
Grant Deed
related
—
Feb 22, 2006
—
Coldwater Portfolio Props LLC
Alvin Texas Associates LLC
Deed Of Trust
related
$73,440,000 · Greenwich Capital Fin'l INC
—
—
Sfp Pool Six LLC
—
Loan Modification
related
—
—
—
Alvin Texas Associates LLC
—
Deed Of Trust
related
$128,333 · Quail Creek 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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