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Property profile & analytics
OFF-MARKET
Estimated value
$3,140,000
Warehouses
23543 Hwy 288 Angleton, TX 77515-9212
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-7227648
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Total area
32,980 SF
Lot
10.98 ac (478,289 SF)
APN
0081-0118-019
UPID
US82-7227648
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
$3.18M
Comparable Approach
Comparable
$3.11M
Blend (final)
Blend
$3.14M
Owner & transaction history
Shea Brothers LLC · 10 yrs held
Shea Brothers LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.9M
+80.7%
Restaurant
$4.2M
+53.9%
Office building
$4.1M
+52.0%
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 Angleton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Angleton 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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,435,000
6.5%
$3,175,000
7%
$2,945,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,710,000
Current use
AUTO REPAIR, GARAGE
$4,895,000
Change: +81% · Conversion: Easy
RESTAURANT
$4,170,000
Change: +54% · Conversion: Difficult
OFFICE BUILDING
$4,115,000
Change: +52% · Conversion: Difficult
RETAIL STORES
$3,195,000
Change: +18% · Conversion: Moderate
MEDICAL BUILDING
$2,825,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$3.14M
Range $2.83M – $3.45M · ±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
$95 / 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
$60,770
Tax year 2024
Assessed value
$3,987,900
Assessed 2024
Previous assessed
$3,970,820
+0.4% YoY
Effective rate
1.52%
On assessed value
Assessed land
$892,130
Assessed improvement
$3,095,770
Land market value
$892,130
Improvement market value
$3,095,770
Total market value
$3,987,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2003
Heating
PACKAGE
Total area
32,980 SF
Lot
10.98 ac (478,289 SF)
APN
0081-0118-019
UPID
US82-7227648
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
$2.7M
AUTO REPAIR, GARAGE
Est. value
$4.9M
RESTAURANT
Est. value
$4.2M
OFFICE BUILDING
Est. value
$4.1M
RETAIL STORES
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.8M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
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
2003
Heating
PACKAGE
Lot
10.98 ac
Current owner
From public records · entity-resolved
Shea Brothers LLC
Entity
Free & Clear · 10 yrs held
Mailing address
609 20TH ST S, IRONDALE, AL 35210-2025
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Sep 29, 2015
—
Shea Brothers LLC
Mbc Th Angleton Ltd
Grant Deed
—
Sep 19, 2014
—
Mbc Th Angleton Ltd
New Life International
Grant Deed
$1,400,000 · Vandalay Trust (pt)
Feb 5, 2013
$1,000,000
Life International New
Cowen David E
Trustees Deed
—
Jan 18, 2012
—
Rc Seal Invs LLC
Owner Name Unavailable
Grant Deed
related
—
Jan 6, 2012
$1,000,000
Life International New
Cowen David E
Trustees Deed
—
Jun 27, 2011
—
Rc Seal Investments LLC
New Life International
Grant Deed
related
—
—
—
Shea Brothers LLC
—
Deed Of Trust
related
$1,760,000 · Servisfirst 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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