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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Warehouses
2650 Fm 1516th N Converse, TX 78109-3479
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4681272
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2012
Total area
8,000 SF
Lot
3.99 ac (173,587 SF)
APN
05101-204-0010
UPID
US82-4681272
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
$855k
Comparable Approach
Comparable
$942k
Blend (final)
Blend
$900k
Owner & transaction history
Werts Texas Properties LLC · 5 yrs held
Werts Texas Properties LLC
since 2020
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+70.6%
Commercial (general)
$925,000
+51.7%
Medical building
$670,000
+10.2%
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 Converse submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Converse 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%
$925,000
6.5%
$855,000
7%
$795,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$610,000
Current use
RESTAURANT
$1,040,000
Change: +71% · Conversion: Difficult
COMMERCIAL (GENERAL)
$925,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$670,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$625,000
Change: +3% · Conversion: Easy
RETAIL STORES
$610,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$113 / 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
$43,244
Tax year 2023
Assessed value
$2,486,600
Assessed 2024
Previous assessed
$2,486,600
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$354,120
Assessed improvement
$2,132,480
Land market value
$354,120
Improvement market value
$2,132,480
Total market value
$2,486,600
Applied tax rate
6.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2012
Heating
CENTRAL
Cooling
YES
Buildings
3
Stories
1
Total area
8,000 SF
Lot
3.99 ac (173,587 SF)
APN
05101-204-0010
UPID
US82-4681272
Jurisdiction
BEXAR
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
$610,000
RESTAURANT
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$925,000
MEDICAL BUILDING
Est. value
$670,000
AUTO REPAIR, GARAGE
Est. value
$625,000
RETAIL STORES
Est. value
$610,000
WAREHOUSE, STORAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2012
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Lot
3.99 ac
Current owner
From public records · entity-resolved
Werts Texas Properties LLC
Entity
Mailing address
400 N OLD SAINT LOUIS RD, WOOD RIVER, IL 62095-1167
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2020
—
Werts Texas Properties LLC
Werts Dwight A Trust
Correction Deed
related
—
May 18, 2012
—
Werts Dwight A Tr
—
Trustees Deed
related
$556,432 · Bank Of Edwardsville
—
—
Werts Dwight A Tr
—
Deed Of Trust
related
$399,384 · Union Planters National 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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