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Property profile & analytics
OFF-MARKET
Estimated value
$1,265,000
Warehouses
19316 State Hwy 71st W Spicewood, TX 78669
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US82-2339931
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2016
Total area
8,750 SF
Lot
4.11 ac (179,032 SF)
APN
126960401
UPID
US82-2339931
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.36M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.27M
Owner & transaction history
71 Warehouse LLC · 11 yrs held
71 Warehouse LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+24.4%
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 Spicewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spicewood 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%
$1,470,000
6.5%
$1,355,000
7%
$1,260,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,000,000
Current use
AUTO REPAIR, GARAGE
$1,245,000
Change: +24% · Conversion: Easy
OFFICE BUILDING
$980,000
Change: -2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$970,000
Change: -3% · Conversion: Easy
RESTAURANT
$875,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$820,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±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
$145 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$3,581,536
Assessed 2023
Previous assessed
$3,796,802
-5.7% YoY
Assessed land
$966,771
Assessed improvement
$2,614,765
Land market value
$966,771
Improvement market value
$2,614,765
Total market value
$3,581,536
Applied tax rate
2.0000
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
2016
Heating
NONE
Buildings
3
Stories
1
Total area
8,750 SF
Lot
4.11 ac (179,032 SF)
APN
126960401
UPID
US82-2339931
Jurisdiction
TRAVIS
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
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$980,000
INDUSTRIAL (GENERAL)
Est. value
$970,000
RESTAURANT
Est. value
$875,000
RETAIL STORES
Est. value
$820,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RESTAURANT
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
2016
Heating
NONE
Stories
1
Buildings
3
Lot
4.11 ac
Current owner
From public records · entity-resolved
71 Warehouse LLC
Entity
Mailing address
1512 W KOENIG LN, AUSTIN, TX 78756-1416
Ownership since
2014
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
Jun 13, 2018
—
71 Warehouse LLC
—
Deed
related
$5,300,000 · Readycap Com'l
Aug 18, 2014
—
71 Warehouse LLC
Bhukti Mukti LLC
Warranty Deed
$2,574,292 · Anthem Bk&tr
Dec 26, 2013
—
Bhukti Mukti LLC
Mahadevi LLC
Warranty Deed
—
Apr 13, 2011
—
Mahadevi LLC
Renea,stephanie
Warranty Deed
—
Dec 21, 2010
—
Stephanie Renea
Long,chris
Grant Deed
—
Dec 2, 2005
—
Gary S Jenkins
Watson,richard L
Grant Deed
—
Mar 27, 2000
—
Barry Watson
Chapman,donald R
Grant Deed
$92,475 · Seller
—
—
Richard L Watson
—
Deed Of Trust
related
$21,801 · Gary S Jenkins
—
—
71 Warehouse LLC
—
Loan Modification
related
$2,133,540 · Anthem Bk&tr
—
—
71 Warehouse LLC
—
Deed Of Trust
related
$2,423,902 · Pioneer Bk Ssb
—
—
71 Warehouse LLC
—
Deed Of Trust
related
$2,574,292 · Pioneer Bk Ssb
—
—
71 Warehouse LLC
—
Deed Of Trust
related
$5,300,000 · Readycap Com'l
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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