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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Commercial real estate
1905 Elder Hl Rd Driftwood, TX 78619-2125
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US83-1794237
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2013
Total area
5,236 SF
Lot
83.76 ac (3,648,586 SF)
APN
R18368
UPID
US83-1794237
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
-
Driftwood Recovery Rehabilitation Center Addiction Treatment Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$911k
Blend (final)
Blend
$1.00M
Owner & transaction history
Obrc Properties LLC · 10 yrs held
Obrc Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.3M
+161.7%
Office building
$1.3M
+155.4%
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 Driftwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Driftwood 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%
$1,180,000
6.5%
$1,085,000
7%
$1,010,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,300,000
Change: +162% · Conversion: Difficult
OFFICE BUILDING
$1,270,000
Change: +155% · Conversion: Easy
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±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
$191 / 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
$52,640
Tax year 2023
Assessed value
$3,154,860
Assessed 2024
Previous assessed
$6,830,150
-53.8% YoY
Effective rate
1.67%
On assessed value
Assessed land
$4,307,560
Assessed improvement
$2,522,590
Land market value
$4,307,560
Improvement market value
$2,522,590
Total market value
$6,830,150
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2013
Heating
CENTRAL
Cooling
CENTRAL
Buildings
6
Total area
5,236 SF
Lot
83.76 ac (3,648,586 SF)
APN
R18368
UPID
US83-1794237
Jurisdiction
HAYS
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
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE
OFFICE 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
2013
Heating
CENTRAL
Cooling
Yes
Buildings
6
Lot
83.76 ac
Current owner
From public records · entity-resolved
Obrc Properties LLC
Entity
Mailing address
PO BOX 306, DRIFTWOOD, TX 78619-0306
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2016
—
Obrc Properties LLC
Oohla Bean LLC
Grant Deed
$6,000,000
Jul 11, 2011
—
Oohla Bean LLC
Garrison,robin C
Grant Deed
related
—
Dec 20, 2010
—
Robin C Garrison
Sides,bobby & Alice
Warranty Deed
$1,236,074 · Garrison Robin Trust (pt)
Dec 8, 2010
—
Robin Garrison
Federal Natl Mtg Assn Fnma
Grant Deed
related
—
Sep 14, 2010
$278,402
Aurora Ln Svcs LLC
Graham,louise
Trustees Deed
—
Sep 10, 2010
—
Owner Name Unavailable
Aurora Loan Svcs LLC
Grant Deed
related
—
Apr 7, 2009
$875,000
Bobby Sides
Hightower Aaron
Trustees Deed
$576,000 · First State Bank Central Texas
Feb 9, 2006
—
Bargo Group LLC
Sides,bobby & Alice
Warranty Deed
$850,000 · Bobby & Alice Sides
—
—
Bobby Sides
—
Deed Of Trust
related
$576,000 · First State Bank Central Texas
—
—
Bobby Sides
—
Deed Of Trust
related
$576,000 · First State Bank Central Texas
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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