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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Grocery and convenience stores
23806 Aldine Westfield Rd Spring, TX 77373-8684
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-7715436
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
2015
Construction
CONCRETE BLOCKS
Total area
8,774 SF
Lot
3.83 ac (166,835 SF)
APN
1075500000001
UPID
US82-7715436
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
-
Bright Food Mart Grocery & Convenience Store
-
Sweet Bee'z x Mr Fricklz Shaved Ice Grocery & Convenience Store Specialty Food Shop
-
Shipley Do-Nuts Bakery Discount Store
-
Exxon Gas Station
-
Tacos Sayin Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
Aldine Investor LLC · 11 yrs held
Aldine Investor LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$725,000
+19.3%
Restaurant
$695,000
+13.8%
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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$610,000
Current use
RETAIL STORES
$725,000
Change: +19% · Conversion: Difficult
RESTAURANT
$695,000
Change: +14% · Conversion: Difficult
WAREHOUSE, STORAGE
$525,000
Change: -14% · Conversion: Difficult
MEDICAL BUILDING
$510,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$59 / 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
$25,574
Tax year 2022
Assessed value
$3,373,880
Assessed 2024
Previous assessed
$3,352,357
+0.6% YoY
Effective rate
0.76%
On assessed value
Assessed land
$836,760
Assessed improvement
$2,537,120
Land market value
$836,760
Improvement market value
$2,537,120
Total market value
$3,373,880
Applied tax rate
24.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
2015
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Total area
8,774 SF
Lot
3.83 ac (166,835 SF)
APN
1075500000001
UPID
US82-7715436
Jurisdiction
HARRIS
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
SERVICE STATION (FULL SERVICE) Current
Est. value
$610,000
RETAIL STORES
Est. value
$725,000
RESTAURANT
Est. value
$695,000
WAREHOUSE, STORAGE
Est. value
$525,000
MEDICAL BUILDING
Est. value
$510,000
SERVICE STATION (FULL SERVICE) Current
RETAIL STORES
RESTAURANT
WAREHOUSE, STORAGE
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
2015
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Buildings
3
Lot
3.83 ac
Current owner
From public records · entity-resolved
Aldine Investor LLC
Entity
Free & Clear · 11 yrs held
Mailing address
5719 PATERSON XING, SUGAR LAND, TX 77479-4949
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2021
—
Aldine Investor LLC
—
Deed
related
$100,000 · Bancorpsouth Bank
Mar 21, 2019
—
Aldine Investor LLC
—
Deed
related
$1,013,037 · Golden Bk
Dec 28, 2017
—
Aldine Investor LLC
—
Deed
related
$363,750 · Golden Bk
Jan 28, 2015
—
Aldine Investor LLC
—
Trustees Deed
related
$1,692,000 · Golden Bk
Oct 15, 2014
—
Aldine Investor LLC
Presbytery Of New Covenant INC
Grant Deed
related
—
Nov 23, 2004
—
Presbytery Of New Covenant INC
Presbyterian Extension Committ
Quit Claim Deed
related
—
—
—
Aldine Investor LLC
—
Loan Modification
related
$1,013,037 · Golden Bk
—
—
Aldine Investor LLC
—
Deed Of Trust
related
$363,750 · Golden Bk
—
—
Aldine Investor LLC
—
Deed Of Trust
related
$1,013,500 · Golden 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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