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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Grocery and convenience stores
20140 Hwy 6th 6, Manvel, TX 77578-3802
Individually Owned
8-yr Hold
Free & Clear
Property ID
US82-7052607
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2021
Total area
7,662 SF
Lot
1.1 ac (48,125 SF)
APN
6398-0007-106
UPID
US82-7052607
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
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$941k
Blend (final)
Blend
$790k
Owner & transaction history
Global New Millennium Ptrs Ltd · 8 yrs held
Global New Millennium Ptrs Ltd
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+178.6%
Restaurant
$990,000
+172.6%
Office building
$970,000
+167.4%
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 Manvel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manvel 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
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,015,000
Change: +179% · Conversion: Difficult
RESTAURANT
$990,000
Change: +173% · Conversion: Difficult
OFFICE BUILDING
$970,000
Change: +167% · Conversion: Moderate
RETAIL STORES
$740,000
Change: +103% · Conversion: Easy
MEDICAL BUILDING
$655,000
Change: +80% · Conversion: Difficult
WAREHOUSE, STORAGE
$520,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$103 / 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 2018Property tax & assessments
Tax year 2018
Tax billed
$84,363
Tax year 2018
Assessed value
$2,876,916
Assessed 2023
Previous assessed
$2,353,890
+22.2% YoY
Effective rate
2.93%
On assessed value
Assessed land
$406,660
Assessed improvement
$2,470,256
Land market value
$406,660
Improvement market value
$2,470,256
Total market value
$2,876,916
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2021
Heating
NONE
Total area
7,662 SF
Lot
1.1 ac (48,125 SF)
APN
6398-0007-106
UPID
US82-7052607
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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.0M
RESTAURANT
Est. value
$990,000
OFFICE BUILDING
Est. value
$970,000
RETAIL STORES
Est. value
$740,000
MEDICAL BUILDING
Est. value
$655,000
WAREHOUSE, STORAGE
Est. value
$520,000
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2021
Heating
NONE
Lot
1.1 ac
Current owner
From public records · entity-resolved
Global New Millennium Ptrs Ltd
Individual
Free & Clear · 8 yrs held
Mailing address
4415 HWY 6TH 6, SUGAR LAND, TX 77478-4476
Ownership since
2018
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 25, 2019
—
Global New Millennium Ptrs Ltd
—
Grant Deed
related
$106,453,000 · Wells Fargo Bk
Jan 24, 2018
—
Global New Millennium Ptrs Ltd
Hwy 6/masters Manvel LLC
Grant Deed
—
Sep 4, 2007
—
Hwy 6/masters Manvel LLC
Culling,michael A & Janice K
Grant Deed
$240,000 · Bank Of Houston
—
—
Hwy 6/masters Manvel LLC
—
Deed Of Trust
related
$240,000 · Bank Of Houston
—
—
Hwy 6/masters Manvel LLC
—
Deed Of Trust
related
$40,802 · Bank Of Houston
—
—
Hwy 6/masters Manvel LLC
—
Deed Of Trust
related
$55,258 · Bank Of Houston
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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