New search
Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Distribution centers
21019 Spg Town Dr, Spring, TX 77388-3508
Entity Owned
11-yr Hold
Free & Clear
Property ID
US82-1074728
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1998
Construction
STEEL FRAME
Total area
41,586 SF
Lot
2.8 ac (121,968 SF)
APN
480130020002
UPID
US82-1074728
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$935k
Owner & transaction history
Sanberg Investments Ltd · 11 yrs held
Sanberg Investments Ltd
since 2015
7 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 Spring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring 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
$22 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$17,434
Tax year 2023
Assessed value
$2,553,233
Assessed 2024
Previous assessed
$2,553,233
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$853,776
Assessed improvement
$1,699,457
Land market value
$853,776
Improvement market value
$1,699,457
Total market value
$2,553,233
Applied tax rate
24.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
1
Stories
1
Total area
41,586 SF
Lot
2.8 ac (121,968 SF)
APN
480130020002
UPID
US82-1074728
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
Building & site characteristics
From public records
Year built
1998
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
2.8 ac
Current owner
From public records · entity-resolved
Sanberg Investments Ltd
Entity
Free & Clear · 11 yrs held
Mailing address
21019 SPING TOWNE DR, SPRING, TX 77388
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Apr 5, 2017
—
Sanberg Investments Ltd
—
Deed
related
$1,877,756 · Amegy Bk
Jan 7, 2015
—
Sanberg Investments Ltd
Sanberg,donald A
Quit Claim Deed
related
—
Oct 27, 2010
—
Donald A Sanberg
—
Deed Of Trust
related
$3,270,000 · Prosperity Bank
Jun 3, 2009
—
Donald A Sanberg
Farrell Ronald E Trust
Grant Deed
$1,120,000 · Plains State Bank
Nov 3, 1997
—
Mark A Farrell
5.3-2920 Venture
Grant Deed
related
—
—
—
Donald A Sanberg
—
Deed Of Trust
related
$150,000 · Plains State Bank
—
—
Sanberg Investments Ltd
—
Deed Of Trust
related
$1,877,756 · Amegy 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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