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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Warehouses
22006 Odell Fairway Trl Spicewood, TX 78669-2202
Individually Owned
5-yr Hold
Free & Clear
Property ID
US82-5207284
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Total area
3,360 SF
Lot
1 ac (43,560 SF)
APN
541050415
UPID
US82-5207284
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
$335k
CAP Approach
CAP
$520k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$545k
Owner & transaction history
Charles Keswani · 5 yrs held
Charles Keswani
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$480,000
+24.4%
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 Spicewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spicewood 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
$335,000
CAP Approach
CAP Return
Estimation
6%
$565,000
6.5%
$520,000
7%
$485,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$385,000
Current use
AUTO REPAIR, GARAGE
$480,000
Change: +24% · Conversion: Easy
OFFICE BUILDING
$375,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$162 / 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
$14,091
Tax year 2022
Assessed value
$844,349
Assessed 2023
Previous assessed
$790,747
+6.8% YoY
Effective rate
1.67%
On assessed value
Assessed land
$304,920
Assessed improvement
$539,429
Land market value
$304,920
Improvement market value
$539,429
Total market value
$844,349
Applied tax rate
2.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Heating
NONE
Buildings
2
Stories
1
Total area
3,360 SF
Lot
1 ac (43,560 SF)
APN
541050415
UPID
US82-5207284
Jurisdiction
TRAVIS
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
$385,000
AUTO REPAIR, GARAGE
Est. value
$480,000
OFFICE BUILDING
Est. value
$375,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2006
Heating
NONE
Stories
1
Buildings
2
Lot
1 ac
Current owner
From public records · entity-resolved
Charles Keswani
Individual
Free & Clear · 5 yrs held
Mailing address
20204 BARNETT GLENN RD, SPICEWOOD, TX 78669-6573
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2021
—
Charles Keswani
Chronis Interests LLC
Warranty Deed
—
Oct 23, 2014
—
Chronis Interests LLC
Bee Creek Hill Ltd
Grant Deed
—
Feb 11, 2011
—
Bee Creek Hill Ltd
Security St Bk & Trust
Grant Deed
$97,600 · Security State Bank & Trust
Mar 31, 2010
—
Bee Creek Hill Ltd
Security St Bk & Trust
Warranty Deed
$97,600 · Security State Bank & Trust
Oct 6, 2009
$90,000
Security St Bk & Trust
Mandel Mike
Trustees Deed
related
—
Mar 3, 2006
—
Ronald L Albright
—
Trustees Deed
related
$132,000 · Security St Bk&tr Fredericksbu
Sep 30, 2005
—
Ronald L Albright
—
Trustees Deed
related
$132,000 · Security St Bk&tr Fredericksbu
Jan 26, 2005
$50,000
Ronald L Albright
Poalson Investments LLC
Warranty Deed
$40,000 · Security St Bk&tr Fredericksbu
Jan 20, 2005
—
Ronald L Albright
Owner Name Unavailable
Grant Deed
related
—
—
—
Ronald L Albright
—
Deed Of Trust
related
$132,000 · Security St Bk&tr Fredericksbu
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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