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Property profile & analytics
OFF-MARKET
Warehouses
23193 Nichols Sawmill Rd, Hockley, TX 77447-9604
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US83-2424379
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2012
Total area
560 SF
Lot
1.72 ac (74,793 SF)
Zoning code
2
APN
0453-00-00114
UPID
US83-2424379
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
-
CTI Response Industrial Consultant Service Establishment
-
Clean Tank Construction Company Plumbing Service
-
Accuworx Environmental Services Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Y2 C Land LLC · 1 yrs held
Y2 C Land LLC
since 2025
4 recorded transactions
Zoning & alternative use
2 · Hockley, TX
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 Hockley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hockley 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
—
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
$10,167
Tax year 2024
Assessed value
$790,233
Assessed 2024
Previous assessed
$644,000
+22.7% YoY
Effective rate
1.29%
On assessed value
Assessed land
$93,491
Assessed improvement
$696,742
Land market value
$93,491
Improvement market value
$696,742
Total market value
$790,233
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
2012
Heating
NONE
Cooling
NONE
Buildings
3
Total area
560 SF
Lot
1.72 ac (74,793 SF)
Zoning code
2
APN
0453-00-00114
UPID
US83-2424379
Jurisdiction
MONTGOMERY
Zoning & alternative use
2 · Hockley, TX
Zoning 2 · permitted uses
2 · Hockley, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hockley. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2012
Heating
NONE
Cooling
Yes
Buildings
3
Lot
1.72 ac
Current owner
From public records · entity-resolved
Y2 C Land LLC
Entity
Mailing address
101 HERON CT, MAGNOLIA, TX 77355-6295
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2025
—
Y2 C Land LLC
Causey Cayce
Deed
$855,000 · Frost Bank
Feb 14, 2025
—
Causey Cayce
—
Deed
related
$204,000 · Yes Capital Funding INC
Feb 11, 2011
—
Cayce Causey
Mitchell,richard G JR
Warranty Deed
—
Dec 7, 2007
—
Richard G Mitchell JR.
Engledow,evangeline
Warranty Deed
$75,000 · Evangeline Engledow
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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