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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Strip malls
24435 State Hwy 249 Tomball, TX 77375-8468
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3259926
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2016
Construction
STEEL FRAME
Total area
15,172 SF
Lot
4.31 ac (187,713 SF)
APN
1245250010001
UPID
US82-3259926
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
$610k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$662k
Blend (final)
Blend
$635k
Owner & transaction history
Tomball Integrated Invs LLC · 6 yrs held
Tomball Integrated Invs LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$975,000
+85.2%
Apartment house (5+ units)
$855,000
+62.4%
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 Tomball submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tomball 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
$610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$525,000
Current use
AUTO REPAIR, GARAGE
$975,000
Change: +85% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$855,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$42 / 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
$69,713
Tax year 2022
Assessed value
$9,162,035
Assessed 2024
Previous assessed
$9,709,877
-5.6% YoY
Effective rate
0.76%
On assessed value
Assessed land
$2,815,695
Assessed improvement
$6,346,340
Land market value
$2,815,695
Improvement market value
$6,346,340
Total market value
$9,162,035
Applied tax rate
26.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Total area
15,172 SF
Lot
4.31 ac (187,713 SF)
APN
1245250010001
UPID
US82-3259926
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$525,000
AUTO REPAIR, GARAGE
Est. value
$975,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$855,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
3
Lot
4.31 ac
Current owner
From public records · entity-resolved
Tomball Integrated Invs LLC
Entity
Mailing address
6510 FM 359TH RD S, FULSHEAR, TX 77441-6412
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2020
—
David P Ellent PLLC
—
Deed
related
$3,000,000 · Third Coast Bk Ssb
Oct 20, 2020
—
David P Ellent PLLC
—
Deed
related
$1,350,000 · Third Coast Bk Ssb
Jul 14, 2020
—
Tomball Integrated Invs LLC
—
Deed
related
$1,750,000 · Third Coast Bk Ssb
Oct 7, 2019
—
Tomball Integrated Invs LLC
Texas Northpointe LLC
Grant Deed
$1,387,500 · Third Coast Bk Ssb
Nov 12, 2018
—
Northpointe Crossing LLC
—
Deed
related
$4,080,000 · Vista Bk
Nov 17, 2017
—
Northpointe Crossing LLC
—
Deed
related
$7,021,871 · Vista Bk
Dec 18, 2014
—
Laaco Ltd
Silver Bayou LLC
Grant Deed
related
—
Oct 21, 2014
—
Silver Bayou LLC
Eastbourne Northpointe I LP
Grant Deed
$1,237,503 · Laaco Ltd
May 16, 2014
—
Moondance INC
Eastbourne Northpointe I LP
Grant Deed
$1,120,000 · Bancorp South Bank
Feb 1, 2013
—
318 Tomball Venture LLC
Emerus Dev Co LLC
Trustees Deed
$9,375,000 · Texas Cap Bk
Oct 10, 2012
—
Emerus Dev Co LLC
Eastbourne Northpointe I LP
Grant Deed
related
—
Dec 6, 2011
—
Arhc Sctmbtx001 LLC
Nw Houston Mob II LP
Grant Deed
related
$45,859,148 · General Electric Capital Corp
Apr 25, 2006
—
Tomball Phase Land II
Eastbourne Northpointe I
Grant Deed
related
$926,500 · Stillwater Nat'l Bank & Trust
—
—
Northpointe Crossing LLC
—
Loan Modification
related
$4,080,000 · Vista Bk
—
—
Tomball Integrated Invs LLC
—
Loan Modification
related
$1,750,000 · Third Coast Bk Ssb
—
—
Nw Houston Mob II
—
Deed Of Trust
related
$6,500,000 · Bank Of America NA Bank Of America NA
—
—
Arhc Sctmbtx001 LLC
—
Loan Modification
related
—
—
—
Northpointe Crossing LLC
—
Deed Of Trust
related
$4,080,000 · Vista Bk
—
—
Northpointe Investors LLC
—
Deed Of Trust
related
$23,500,000 · Morrow Investors INC
—
—
Northpointe Crossing LLC
—
Deed Of Trust
related
$7,021,871 · Vista Bk
—
—
David P Ellent PLLC
—
Loan Modification
related
$1,350,000 · Third Coast Bk Ssb
—
—
David P Ellent PLLC
—
Loan Modification
related
$3,000,000 · Third Coast Bk Ssb
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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