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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Warehouses
17992 Red Iron Schertz, TX 78154-3212
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-8870576
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2017
Total area
35,400 SF
Lot
4.69 ac (204,340 SF)
APN
56-0046-0011-00
UPID
US82-8870576
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
-
Texas Plumbing Supply Plumbing Service Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$985k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.03M
Owner & transaction history
Tps-red Iron LLC · 9 yrs held
Tps-red Iron LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+32.4%
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 Schertz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Schertz 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
$985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,150,000
Current use
RETAIL STORES
$1,525,000
Change: +32% · Conversion: Moderate
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±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
$29 / 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
$48,270
Tax year 2023
Assessed value
$3,509,050
Assessed 2024
Previous assessed
$3,536,470
-0.8% YoY
Effective rate
1.38%
On assessed value
Assessed land
$856,180
Assessed improvement
$2,652,870
Land market value
$856,180
Improvement market value
$2,652,870
Total market value
$3,509,050
Applied tax rate
46.0000
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
2017
Heating
NONE
Total area
35,400 SF
Lot
4.69 ac (204,340 SF)
APN
56-0046-0011-00
UPID
US82-8870576
Jurisdiction
COMAL
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
$1.2M
RETAIL STORES
Est. value
$1.5M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
2017
Heating
NONE
Lot
4.69 ac
Current owner
From public records · entity-resolved
Tps-red Iron LLC
Entity
Free & Clear · 9 yrs held
Mailing address
7586 MORLEY ST, HOUSTON, TX 77061-2827
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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 7, 2023
—
Tps Red Iron LLC
—
Deed
related
$1,800,000 · Bank Of America NA
Aug 27, 2019
—
Tps-red Iron LLC
—
Deed
related
$3,026,000 · Bank Of America
Oct 23, 2017
—
Tps-red Iron LLC
—
Deed
related
$2,528,000 · Bank Of America
Mar 6, 2017
—
Tps-red Iron LLC
Samt Holdings LLC
Warranty Deed
—
Feb 1, 2013
—
Samt Holdings LLC
Schertz Bk & Trust
Grant Deed
related
$261,750 · Texas Champion Bank
Sep 8, 2011
$340,000
Schertz Bk & Trust
Culpepper,ben A
Trustees Deed
related
—
Jul 13, 2007
—
Albin Penkunis
Russell Amescua
Venders Lien
$369,000 · Schertz Bank & Trust
—
—
Samt Holdings LLC
—
Deed Of Trust
related
$2,891,246 · Texas Champion Bk
—
—
Tps-red Iron LLC
—
Deed Of Trust
related
$3,026,000 · Bank Of America
—
—
Albin Penkunis
—
Loan Modification
related
$368,924 · Schertz Bank & Trust
—
—
Albin Penkunis
—
Deed Of Trust
related
$200,000 · Dealers Electrical Supply Co
—
—
Tps-red Iron LLC
—
Deed Of Trust
related
$2,528,000 · Bank Of America
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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