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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Commercial real estate
21101 State Hwy 46th W Spring Branch, TX 78070-6791
Entity Owned
5-yr Hold
Free & Clear
Property ID
US82-5181985
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2010
Total area
2,872 SF
Lot
2.01 ac (87,425 SF)
APN
74-0088-0007-03
UPID
US82-5181985
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
$520k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
$498k
Blend (final)
Blend
$510k
Owner & transaction history
Ce Mares South LLC · 5 yrs held
Ce Mares South LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$375,000
+16.7%
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 Branch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Branch 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
$520,000
CAP Approach
CAP Return
Estimation
6%
$630,000
6.5%
$585,000
7%
$540,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$325,000
Current use
AUTO REPAIR, GARAGE
$375,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$178 / 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
$23,582
Tax year 2023
Assessed value
$1,530,805
Assessed 2023
Previous assessed
$1,530,805
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$1,086,267
Assessed improvement
$444,538
Land market value
$1,086,267
Improvement market value
$444,538
Total market value
$1,530,805
Applied tax rate
46.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2010
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,872 SF
Lot
2.01 ac (87,425 SF)
APN
74-0088-0007-03
UPID
US82-5181985
Jurisdiction
COMAL
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
COMMERCIAL (GENERAL) Current
Est. value
$325,000
AUTO REPAIR, GARAGE
Est. value
$375,000
COMMERCIAL (GENERAL) Current
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
2010
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.01 ac
Current owner
From public records · entity-resolved
Ce Mares South LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1635 ROGERS RD, FORT WORTH, TX 76107-6513
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2020
—
Ce Mares South LLC
Kenneth C Brown
Venders Lien
—
Dec 12, 2019
—
Texas Transportation Comn
Bulverde Baptist Church
Grant Deed
related
—
Nov 7, 2007
—
Kenneth C Brown
J V Bulverde
Venders Lien
$361,500 · Plainscapital Bank
May 16, 2006
—
Bulverde
Boazman,ray L
Warranty Deed
related
—
—
—
Kenneth C Brown JR.
—
Loan Modification
related
$361,500 · Plains Capital Bank
—
—
Kenneth C Brown JR.
—
Deed Of Trust
related
$972,750 · Plains Capital Bank
—
—
Kenneth C Brown JR.
—
Deed Of Trust
related
$778,200 · Plains Capital Bank
—
—
Kenneth C Brown JR.
—
Deed Of Trust
related
$813,000 · Fort Worth Economic Dev Corp
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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