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Property profile & analytics
OFF-MARKET
Retail residential properties
2601 Fairway Dr Alvin, TX 77511-4682
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US82-2179696
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1999
Total area
463 SF
Lot
3.59 ac (156,380 SF)
APN
0161-0056-002
UPID
US82-2179696
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
-
CubeSmart Self Storage Storage Facility
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
David Michael · 9 yrs held
David Michael
since 2017
6 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 Alvin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alvin 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 2018Property tax & assessments
Tax year 2018
Assessed value
$4,602,090
Assessed 2023
Previous assessed
$1,078,890
+326.6% YoY
Assessed land
$196,250
Assessed improvement
$4,405,840
Land market value
$196,250
Improvement market value
$4,405,840
Total market value
$4,602,090
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1999
Heating
PACKAGE
Cooling
CENTRAL
Buildings
13
Rooms
63
Total area
463 SF
Lot
3.59 ac (156,380 SF)
APN
0161-0056-002
UPID
US82-2179696
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
Building & site characteristics
From public records
Year built
1999
Heating
PACKAGE
Cooling
Yes
Buildings
13
Rooms
63
Lot
3.59 ac
Current owner
From public records · entity-resolved
David Michael
Individual
Mailing address
PO BOX 933, APTOS, CA 95001-0933
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2017
—
David Michael
—
Trustees Deed
related
$1,118,000 · Texas Advantage Cmnty Bk NA
Mar 31, 2017
—
David Michael
Walker,keith
Warranty Deed
$400,000 · Texas Advantage Cmnty Bk NA
Jan 5, 2009
—
Kmd Storage Properties Ltd
—
Trustees Deed
related
$319,000 · Michael J Garrity
Dec 5, 2006
—
Kmd Storage Properties Ltd
Hornbeck Dev Ltd
Grant Deed
$319,000 · Hornbeck Dev Ltd
—
—
Kmd Storage Properties Ltd
—
Deed Of Trust
related
$319,000 · Michael J Garrity
—
—
Kmd Storage Properties Ltd
—
Deed Of Trust
related
$49,000 · Michael J Garrity
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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