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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Warehouses
1808 Industrial Blvd Colleyville, TX 76034-7700
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US82-1206263
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1983
Total area
10,160 SF
Lot
0.94 ac (40,820 SF)
APN
7745-1-5
UPID
US82-1206263
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
-
AutomatedPT Factory Industrial Manufacturer
-
InnerWisdom Yoga Gym & Fitness Center
-
Vetted Pet Health Veterinary Clinic
-
The Posh Paw Resort Kennel & Boarding Facility
-
Geneva Synergy Group Business Service Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$574k
Blend (final)
Blend
$530k
Owner & transaction history
Hoverson Properties LLC · 10 yrs held
Hoverson Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$850,000
+94.9%
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 Colleyville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colleyville 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
$485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$435,000
Current use
MEDICAL BUILDING
$850,000
Change: +95% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$420,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$530k
Range $477k – $583k · ±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 2023Property tax & assessments
Tax year 2023
Tax billed
$23,503
Tax year 2023
Assessed value
$1,400,000
Assessed 2024
Previous assessed
$1,190,000
+17.6% YoY
Effective rate
1.68%
On assessed value
Assessed land
$244,932
Assessed improvement
$1,155,068
Land market value
$244,932
Improvement market value
$1,155,068
Total market value
$1,400,000
Applied tax rate
224.0000
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
1983
Heating
NONE
Stories
1
Total area
10,160 SF
Lot
0.94 ac (40,820 SF)
APN
7745-1-5
UPID
US82-1206263
Jurisdiction
TARRANT
Metro division
FORT WORTH-ARLINGTON, TX METROPOLITAN DIVISION
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
$435,000
MEDICAL BUILDING
Est. value
$850,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$420,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1983
Heating
NONE
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Hoverson Properties LLC
Entity
Mailing address
1808 INDUSTRIAL BLVD STE #101, COLLEYVILLE, TX 76034-5798
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2019
—
Hoverson Properties LLC
—
Deed
related
$1,627,663 · Branch Bk&tr
Nov 7, 2016
—
Hoverson Properties LLC
—
Deed
related
$1,661,100 · Bank Of The Ozarks
Nov 4, 2016
—
Hoverson Properties LLC
—
Deed
related
$1,661,100 · Bank Of The Ozarks
Apr 1, 2016
—
Hoverson Properties LLC
Gh Mortgage INC
Special Warranty Deed
$1,470,000 · Community & Southern Bank
Jul 20, 2015
—
Gh Mortgage INC
Geneva Realty Mgmt 1808 Indl
Warranty Deed
$937,500 · Legacy Bk/tx
—
—
Geneva Realty Mgmt 1808 Indl
—
Loan Modification
related
$120,000 · Legacytexas Bank
—
—
Hoverson Properties LLC
—
Deed Of Trust
related
$1,627,663 · Branch Bk&tr
—
—
Geneva Realty Mgmt 1808 Indl
—
Deed Of Trust
related
$748,300 · Legacytexas Bank
—
—
Geneva Realty Mgmt 1808 Indl
—
Deed Of Trust
related
$120,000 · Legacytexas Bank
—
—
Jay M Fry
—
Deed Of Trust
related
$630,000 · Summit Bank
—
—
Geneva Realty Mgmt 1808 Indl
—
Deed Of Trust
related
$880,000 · Summit Bank
—
—
Hoverson Properties LLC
—
Loan Modification
related
$1,661,100 · Bank Of The Ozarks
—
—
Hoverson Properties LLC
—
Loan Modification
related
$1,661,100 · Bank Of The Ozarks
—
—
Geneva Realty Mgmt 1808 Indl
—
Deed Of Trust
related
$200,000 · Summit Bank
—
—
Geneva Realty Mgmt 1808 Indl
—
Deed Of Trust
related
$100,000 · Summit Bank
—
—
Geneva Realty Mgmt 1808 Indl
—
Deed Of Trust
related
$120,000 · Legacytexas 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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