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Property profile & analytics
OFF-MARKET
Estimated value
$6,405,000
Manufacturing properties
24131 Hardy Rd Spring, TX 77373-5769
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3477232
Property profile
Verified
Property type
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Year built
1981
Construction
METAL FRAME
Total area
56,377 SF
Lot
9.4 ac (409,281 SF)
APN
410850000253
UPID
US83-3477232
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
-
LoneStar Fasteners Industrial Manufacturer Production Facility
-
911 Water Heater Home Appliance Store Building Supply
-
Walker Bolt Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.41M
Owner & transaction history
G & I Ix Lonestar LP · 8 yrs held
G & I Ix Lonestar LP
since 2017
7 recorded transactions
Zoning & alternative use
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 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%
$8,055,000
6.5%
$7,435,000
7%
$6,905,000
Blend value · Realmo final
$6.41M
Range $5.76M – $7.05M · ±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
$114 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$44,343
Tax year 2023
Assessed value
$5,607,162
Assessed 2024
Previous assessed
$5,607,162
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$1,487,124
Assessed improvement
$4,120,038
Land market value
$1,487,124
Improvement market value
$4,120,038
Total market value
$5,607,162
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
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Status
Off-Market
Year built
1981
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
7
Stories
1
Total area
56,377 SF
Lot
9.4 ac (409,281 SF)
APN
410850000253
UPID
US83-3477232
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
Building & site characteristics
From public records
Year built
1981
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
7
Lot
9.4 ac
Current owner
From public records · entity-resolved
G & I Ix Lonestar LP
Entity
Mailing address
2292 BRIAR RDG TRL, CARROLLTON, TX 75010-4769
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2018
—
G & I Ix Lonestar LP
—
Loan Modification
related
$96,000,000 · Bank Of America
Sep 1, 2017
—
G & I Ix Lonestar LP
Canam Po LP
Grant Deed
$76,000,000 · Bank Of America
Apr 20, 2012
—
Canam Po LP
—
Deed Of Trust
related
$85,000,000 · Ing Life Ins & Annunity Co
Aug 8, 2011
—
Canam Po LP
Nl Ventures Vi Hardy LLC
Grant Deed
related
—
Mar 24, 2008
—
Nl Ventures Vi Hardy LLC
—
Deed Of Trust
related
$150,000,000 · Lasalle National Bank
Mar 19, 2008
—
Nl Ventures Vi Hardy LLC
Lone Star Fasteners
Grant Deed
related
—
Dec 2, 2005
—
Lone Star Fasteners
—
Deed Of Trust
related
$7,000,000 · Amegy Bank NA
Feb 24, 2004
—
Lone Star Fasteners LP
—
Deed Of Trust
related
$7,000,000 · Bank One NA
Dec 26, 2001
—
Lone Star Houston Lss
—
Deed Of Trust
related
$12,000,000 · Wells Fargo Energy Capital Tte
—
—
Lone Star Fasteners
—
Deed Of Trust
related
—
—
—
Lone Star Fasteners
—
Deed Of Trust
related
$700,000 · J P Morgan Chase Bank
—
—
Lone Star Fasteners
—
Deed Of Trust
related
$1,000,000 · J P Morgan Chase Bank
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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