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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Turn key restaurants
1950 Texas Ave Waskom, TX 75692-5018
Entity Owned
10-yr Hold
Free & Clear
Property ID
US82-2380079
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2003
Total area
15,696 SF
Lot
20.26 ac (882,526 SF)
APN
00054.00025.00000.000000
UPID
US82-2380079
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
-
Catfish Village of Waskom Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$840k
Owner & transaction history
Lemcs Holdings INC · 10 yrs held
Lemcs Holdings INC
since 2015
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Waskom submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waskom 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$54 / 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
$14,666
Tax year 2023
Assessed value
$1,150,060
Assessed 2023
Previous assessed
$1,107,870
+3.8% YoY
Effective rate
1.28%
On assessed value
Assessed land
$208,900
Assessed improvement
$941,160
Land market value
$208,900
Improvement market value
$941,160
Total market value
$1,150,060
Applied tax rate
4.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2003
Heating
NONE
Buildings
3
Stories
1
Total area
15,696 SF
Lot
20.26 ac (882,526 SF)
APN
00054.00025.00000.000000
UPID
US82-2380079
Jurisdiction
HARRISON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Stories
1
Buildings
3
Lot
20.26 ac
Current owner
From public records · entity-resolved
Lemcs Holdings INC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 357, HUGHES SPRINGS, TX 75656-0357
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2015
—
Lemcs Holdings INC
Mcmillon Ents INC
Warranty Deed
—
Aug 17, 2015
—
Mcmillon Enterprises INC
Lemcs Holdings INC
Grant Deed
related
—
May 15, 2013
—
Lemcs Holdings INC
—
Trustees Deed
related
$250,000 · Great American Foods Corp
Jan 20, 2012
—
Lemcs Holdings INC
Great American Foods Corp
Warranty Deed
related
$650,000 · First National Bank Hughes Spr
—
—
Mcmillon Enterprises INC
—
Deed Of Trust
related
$133,600 · Texas Nat'l Bk
—
—
Lemcs Holding INC
—
Deed Of Trust
related
$1,700,000 · Texas National 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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