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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Industrial properties
2025 Webster Ave Waco, TX 76706-2733
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US83-4003135
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1960
Construction
CONCRETE
Total area
13,984 SF
Lot
2.71 ac (118,135 SF)
Zoning code
M3
APN
480200000062008
UPID
US83-4003135
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
-
Castohn Texas LLC Big Box & Wholesale Store Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$712k
Blend (final)
Blend
$650k
Owner & transaction history
Castohn Texas LLC · 5 yrs held
Castohn Texas LLC
since 2021
7 recorded transactions
Zoning & alternative use
M3 · Waco, TX
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 Waco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waco 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
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$405,000
Current use
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$46 / 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
$32,151
Tax year 2022
Assessed value
$1,434,100
Assessed 2023
Previous assessed
$1,434,100
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$177,200
Assessed improvement
$1,256,900
Land market value
$177,200
Improvement market value
$1,256,900
Total market value
$1,434,100
Applied tax rate
48.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1960
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
13,984 SF
Lot
2.71 ac (118,135 SF)
Zoning code
M3
APN
480200000062008
UPID
US83-4003135
Jurisdiction
MCLENNAN
Zoning & alternative use
M3 · Waco, TX
Zoning M3 · permitted uses
M3 · Waco, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waco. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$405,000
INDUSTRIAL (GENERAL) Current
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
1960
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.71 ac
Current owner
From public records · entity-resolved
Castohn Texas LLC
Entity
Mailing address
7216 LAKEWOOD DR W, LAKEWOOD, WA 98499-7917
Ownership since
2021
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
Mar 3, 2026
—
Vb S1 Assets LLC
—
Deed
related
$50,917 · Deutsche Bank Trust Co Americas
May 18, 2021
—
Castohn Texas LLC
Waco Iron & Metal LLC
Venders Lien
$1,133,000 · Zb NA
Sep 6, 2018
$643,060
Waco Iron & Metal LLC
Haliburton Kerry L|wright,justin C
Trustees Deed
related
—
Feb 2, 2017
—
Fish Arrow Holdings LLC
—
Deed
related
$200,000 · American Bk
Jun 1, 2015
—
J2dw Arrow Properties LLC
Wright Justin C
Grant Deed
—
Dec 23, 2014
—
Justin C Wright
Gt Management LLC
Venders Lien
$750,000 · American Bank NA
Sep 25, 2007
—
Gt Management LLC
Kipnir Ltd
Venders Lien
$425,000 · Solomon State Bank
Dec 9, 2004
$56,750
Kipnir Ltd
Fielder,henry W
Trustees Deed
—
—
—
J2dw Arrow Properties LLC
—
Deed Of Trust
related
$200,000 · American Bk
—
—
Gt Management LLC
—
Deed Of Trust
related
$531,000 · Solomon St Bk
—
—
Gt Management LLC
—
Deed Of Trust
related
$119,000 · Solomon State Bank
—
—
Fish Arrow Holdings LLC
—
Loan Modification
related
$200,000 · American 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.
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