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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Office buildings
18534 40th 6th Pkwy Spring Branch, TX 78070-6876
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US82-2419264
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
5,554 SF
Lot
1.17 ac (51,139 SF)
APN
45-0712-0666-00
UPID
US82-2419264
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
-
KM Designs, Inc Architect
-
Corridor Funding Loan Service Bank
-
Nihill Insurance Services, LLC dba AIA of Texas Insurance Agency Insurance Agency
-
Nihill Insurance Services, LLC AIA of Texas Insurance Agency Insurance Agency
-
Capital Title of Texas – Bulverde Title Company Escrow Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
$891k
Blend (final)
Blend
$945k
Owner & transaction history
Fairway Leasing LLC · 21 yrs held
Fairway Leasing LLC
since 2004
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$730,000
+43.7%
Commercial (general)
$625,000
+23.1%
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 Spring Branch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Branch 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
$695,000
CAP Approach
CAP Return
Estimation
6%
$1,345,000
6.5%
$1,240,000
7%
$1,155,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$730,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$625,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±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
$170 / 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
$43,962
Tax year 2023
Assessed value
$2,600,000
Assessed 2023
Previous assessed
$2,600,000
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$1,013,268
Assessed improvement
$1,586,732
Land market value
$1,013,268
Improvement market value
$1,586,732
Total market value
$2,600,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Heating
NONE
Buildings
2
Stories
1
Total area
5,554 SF
Lot
1.17 ac (51,139 SF)
APN
45-0712-0666-00
UPID
US82-2419264
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
AUTO REPAIR, GARAGE
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$625,000
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
Buildings
2
Lot
1.17 ac
Current owner
From public records · entity-resolved
Fairway Leasing LLC
Entity
Mailing address
102 LANTANA, BLANCO, TX 78606-4417
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2020
—
Fairway Leasing LLC
—
Deed
related
$877,589 · Texas Reg'l Bk
Jul 20, 2004
—
Fairway Leasing LLC
Delaurentis,john & Dawn
Warranty Deed
related
$570,000 · Blanco National Bank
—
—
Fairway Leasing LLC
—
Loan Modification
related
$570,000 · Blanco National Bank
—
—
Fairway Leasing LLC
—
Loan Modification
related
$440,000 · Blanco National Bank
—
—
Fairway Leasing LLC
—
Loan Modification
related
$524,692 · Blanco National Bank
—
—
Fairway Leasing LLC
—
Loan Modification
related
$397,229 · Blanco National Bank
—
—
Fairway Leasing LLC
—
Deed Of Trust
related
$1,024,079 · Blanco Nat'l Bk
—
—
Fairway Leasing LLC
—
Deed Of Trust
related
$400,000 · Blanco National Bank
—
—
Fairway Leasing LLC
—
Deed Of Trust
related
$40,000 · Blanco National Bank
—
—
Fairway Leasing LLC
—
Deed Of Trust
related
$440,000 · Blanco National Bank
—
—
Fairway Leasing LLC
—
Loan Modification
related
$877,589 · Texas Reg'l Bk
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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