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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Warehouses
2228 Fm 528th Rd Alvin, TX 77511-9588
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-8171588
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2009
Total area
5,360 SF
Lot
9.91 ac (431,679 SF)
APN
0421-0085-000
UPID
US82-8171588
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
-
Tri County Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$305k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$686k
Blend (final)
Blend
$505k
Owner & transaction history
Tri County Storage Ltd · 4 yrs held
Tri County Storage Ltd
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$710,000
+50.0%
Office building
$700,000
+48.3%
Auto repair, garage
$635,000
+34.6%
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 Alvin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alvin 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
$305,000
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$525,000
7%
$490,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$470,000
Current use
RESTAURANT
$710,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$700,000
Change: +48% · Conversion: Difficult
AUTO REPAIR, GARAGE
$635,000
Change: +35% · Conversion: Easy
RETAIL STORES
$620,000
Change: +31% · Conversion: Moderate
MEDICAL BUILDING
$460,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$94 / 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
$224,326
Tax year 2024
Assessed value
$6,200,000
Assessed 2024
Previous assessed
$9,000,000
-31.1% YoY
Effective rate
3.62%
On assessed value
Assessed land
$598,670
Assessed improvement
$5,601,330
Land market value
$598,670
Improvement market value
$5,601,330
Total market value
$6,200,000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Heating
NONE
Buildings
17
Rooms
27
Total area
5,360 SF
Lot
9.91 ac (431,679 SF)
APN
0421-0085-000
UPID
US82-8171588
Jurisdiction
BRAZORIA
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
$470,000
RESTAURANT
Est. value
$710,000
OFFICE BUILDING
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$635,000
RETAIL STORES
Est. value
$620,000
MEDICAL BUILDING
Est. value
$460,000
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL 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
2009
Heating
NONE
Buildings
17
Rooms
27
Lot
9.91 ac
Current owner
From public records · entity-resolved
Tri County Storage Ltd
Entity
Mailing address
3400 SAVELL DR, BAYTOWN, TX 77521-2717
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Mar 11, 2022
—
Tri County Storage Ltd
—
Deed
related
$3,705,366 · Community Resource Cu
Jul 27, 2020
—
Tri-county Storage Ltd
—
Deed
related
$1,000,000 · Community Resource Cu
Jul 27, 2018
—
Tri County Storage Ltd
—
Deed
related
$843,840 · Community Resource Cu
Aug 4, 2016
—
Tri-county Storage Ltd
—
Deed
related
$550,000 · Icon Bk/tx NA
—
—
Tri-county Storage Ltd
—
Deed Of Trust
related
$550,000 · Icon Bk/tx NA
—
—
Tri-county Storage Ltd
—
Deed Of Trust
related
$1,000,000 · Community Resource Cu
—
—
Tri-county Storage Ltd
—
Deed Of Trust
related
$550,000 · Icon Bk/tx NA
—
—
Tri County Storage Ltd
—
Deed Of Trust
related
$843,840 · Community Resource Cu
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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