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Property profile & analytics
OFF-MARKET
Estimated value
$3,830,000
Warehouses
21010 Fm 2493 Bullard, TX 75757-8545
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-6450660
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Construction
STEEL FRAME
Total area
38,000 SF
Lot
3.24 ac (141,178 SF)
APN
1-68990-0000-00-004000
UPID
US82-6450660
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
by Request
CAP Approach
CAP
$3.66M
Comparable Approach
Comparable
$4.00M
Blend (final)
Blend
$3.83M
Owner & transaction history
Steven C Comer · 5 yrs held
Steven C Comer
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.1M
+56.3%
Retail stores
$3.7M
+40.1%
Office building
$3.6M
+38.3%
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 Bullard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bullard 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%
$3,960,000
6.5%
$3,655,000
7%
$3,395,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,620,000
Current use
RESTAURANT
$4,100,000
Change: +56% · Conversion: Difficult
RETAIL STORES
$3,675,000
Change: +40% · Conversion: Moderate
OFFICE BUILDING
$3,625,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,330,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,325,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$3.83M
Range $3.45M – $4.21M · ±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
$101 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$24,500
Tax year 2024
Assessed value
$1,889,550
Assessed 2024
Previous assessed
$1,226,864
+54.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$145,845
Assessed improvement
$1,743,705
Land market value
$145,845
Improvement market value
$1,743,705
Total market value
$1,889,550
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Construction
STEEL FRAME
Heating
NONE
Buildings
3
Total area
38,000 SF
Lot
3.24 ac (141,178 SF)
APN
1-68990-0000-00-004000
UPID
US82-6450660
Jurisdiction
SMITH
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
WAREHOUSE, STORAGE Current
Est. value
$2.6M
RESTAURANT
Est. value
$4.1M
RETAIL STORES
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.3M
WAREHOUSE, STORAGE Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2018
Construction
STEEL FRAME
Heating
NONE
Buildings
3
Lot
3.24 ac
Current owner
From public records · entity-resolved
Steven C Comer
Individual
Mailing address
504 GUINN ST, BULLARD, TX 75757-5310
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2020
—
Steven C Comer
Ken Dietz Homes INC
Warranty Deed
$127,500 · Texas Bk
Sep 26, 2019
—
Hester Properties LLC
—
Trustees Deed
related
$345,079 · Southside Bk
Feb 8, 2019
—
Hester Properties LLC
—
Trustees Deed
related
$366,879 · Southside Bk
Jan 18, 2018
—
Hester Properties LLC
—
Trustees Deed
related
$383,809 · Southside Bk
Mar 21, 2017
—
Hester Properties LLC
Ken Dietz Homes INC
Warranty Deed
related
—
Nov 2, 2015
—
Ken Dietz Homes INC
Msw Tyler LLC
Warranty Deed
related
—
Jan 11, 2012
—
Msw Tyler LLC
Ken Dietz Homes INC
Warranty Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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