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Property profile & analytics
OFF-MARKET
Warehouses
2005 County Rd 129, Pearland, TX 77581-6483
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-5342559
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Total area
1,800 SF
Lot
1.75 ac (76,230 SF)
APN
8225-0134-130
UPID
US82-5342559
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
-
APEXINTENSITY 24 HOUR GYM Strength & Conditioning // Boxing Gym & Fitness Center
-
3 Kings Boxing Club Gym & Fitness Center Sports School
-
Adri T Home and Decor General Contractor
-
ManuTherapy Alternative Medicine Practice Spa & Massage Center
-
IceLush by Apex Intensity Bakery Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mtm Elite Properties LLC · 15 yrs held
Mtm Elite Properties LLC
since 2010
4 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 Pearland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pearland 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
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$22,491
Tax year 2024
Assessed value
$1,775,660
Assessed 2024
Previous assessed
$1,350,000
+31.5% YoY
Effective rate
1.27%
On assessed value
Assessed land
$154,120
Assessed improvement
$1,621,540
Land market value
$154,120
Improvement market value
$1,621,540
Total market value
$1,775,660
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
2009
Heating
GAS
Cooling
NONE
Buildings
6
Stories
1
Bathrooms
1
Total area
1,800 SF
Lot
1.75 ac (76,230 SF)
APN
8225-0134-130
UPID
US82-5342559
Jurisdiction
BRAZORIA
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
2009
Heating
GAS
Cooling
Yes
Stories
1
Buildings
6
Bathrooms
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
Mtm Elite Properties LLC
Entity
Mailing address
503 REGENCY CT, FRIENDSWOOD, TX 77546-8800
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Dec 29, 2020
—
Mtm Elite Properties LLC
—
Deed
related
$130,000 · Hometown Bk
Aug 27, 2010
—
Mtm Elite Properties LLC
Mark A Syers
Warranty Deed
$300,000 · Hometown Bank NA
—
—
Mtm Elite Properties LLC
—
Deed Of Trust
related
$50,000 · Hometown Bk
—
—
Mtm Elite Properties LLC
—
Deed Of Trust
related
$130,000 · Hometown 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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