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Property profile & analytics
OFF-MARKET
Estimated value
$2,425,000
Drug stores
2000 Garth Rd 1 Baytown, TX 77520-2425
Trust Owned
7-yr Hold
~
Est. High Equity
Property ID
US83-4075637
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1999
Construction
BRICK
Total area
14,315 SF
Lot
1.74 ac (76,012 SF)
APN
1209550010001
UPID
US83-4075637
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Donna Dedeaux-Bruns Physician
-
Raul D. Rendon, Pharm Pharmacy
-
Timmy Le, PharmD Pharmacy
-
Elizabeth Smith Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.62M
Comparable Approach
Comparable
$2.23M
Blend (final)
Blend
$2.43M
Owner & transaction history
Exchangeright,net Lease 28 Dst Trust · 7 yrs held
Exchangeright,net Lease 28 Dst Trust
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+57.3%
Industrial (general)
$1.8M
+16.3%
Auto repair, garage
$1.5M
+0.0%
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 Baytown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Baytown 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%
$2,835,000
6.5%
$2,615,000
7%
$2,430,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,505,000
Current use
COMMERCIAL (GENERAL)
$2,370,000
Change: +57% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,750,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,505,000
Change: +0% · Conversion: Difficult
RESTAURANT
$1,490,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$2.43M
Range $2.18M – $2.67M · ±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
$169 / 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
Tax billed
$9,801
Tax year 2022
Assessed value
$1,898,216
Assessed 2024
Previous assessed
$1,831,578
+3.6% YoY
Effective rate
0.52%
On assessed value
Assessed land
$570,090
Assessed improvement
$1,328,126
Land market value
$570,090
Improvement market value
$1,328,126
Total market value
$1,898,216
Applied tax rate
16.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1999
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
14,315 SF
Lot
1.74 ac (76,012 SF)
APN
1209550010001
UPID
US83-4075637
Jurisdiction
HARRIS
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
RETAIL STORES Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RESTAURANT
Est. value
$1.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
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
1999
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.74 ac
Current owner
From public records · entity-resolved
Exchangeright,net Lease 28 Dst Trust
Trust
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2019
—
Exchangeright,net Lease 28 Dst Trust
Houston Dtp LLC
Grant Deed
$63,943,000 · Societe Generale Financial Corporation
Jun 5, 2017
—
Exchangeright Net Leased Po 16
Exchangeright Net Leased Po 16
Quit Claim Deed
related
—
Jun 2, 2017
—
Exchangeright Net Leased Po 16
2000 Garth Road LLC
Grant Deed
$32,722,000 · Barclays Bk/plc
Apr 1, 2003
—
2000 Garth Road LLC
Lsi Campbell LP
Grant Deed
$2,415,750 · Ubs Warburg Real Estate Inv
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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