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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Warehouses
2801 Brasher Ln Bedford, TX 76021-5285
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US82-1249959
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Total area
23,365 SF
Lot
1.43 ac (62,421 SF)
APN
40232-1-1
UPID
US82-1249959
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
-
Classic Same Day Blinds LLC Hardware & Home Improvement Home Decor Store
-
Drill Now Petroleum Exchange Llc Gas Company
-
First Vehicle Services Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$687k
Blend (final)
Blend
$680k
Owner & transaction history
Roger Penneman · 24 yrs held
Roger Penneman
since 2002
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$930,000
+7.8%
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 Bedford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bedford 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
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$865,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$930,000
Change: +8% · Conversion: Moderate
RETAIL STORES
$840,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$29 / 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
$18,029
Tax year 2023
Assessed value
$1,051,425
Assessed 2024
Previous assessed
$940,000
+11.9% YoY
Effective rate
1.71%
On assessed value
Assessed land
$149,810
Assessed improvement
$901,615
Land market value
$149,810
Improvement market value
$901,615
Total market value
$1,051,425
Applied tax rate
224.0000
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
1975
Heating
NONE
Stories
1
Total area
23,365 SF
Lot
1.43 ac (62,421 SF)
APN
40232-1-1
UPID
US82-1249959
Jurisdiction
TARRANT
Metro division
FORT WORTH-ARLINGTON, TX METROPOLITAN DIVISION
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
$865,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$930,000
RETAIL STORES
Est. value
$840,000
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
1975
Heating
NONE
Stories
1
Lot
1.43 ac
Current owner
From public records · entity-resolved
Roger Penneman
Individual
Mailing address
2801 BRASHER LNC, BEDFORD, TX 76021-5285
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2002
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
Jan 9, 2026
—
Starr Belle LP
—
Deed
related
$2,075,000 · Comerica Bank
Jan 27, 2022
—
Starr Belle LP
—
Deed
related
$1,600,000 · Comerica Bank
Jan 10, 2002
—
Roger Penneman
Peak,michael C & Carla J
Grant Deed
$18,750 · Cnl Commercial Finance INC
—
—
Belle Starr
—
Deed Of Trust
related
$627,000 · United Community Bank
—
—
Belle Starr
—
Deed Of Trust
related
$627,000 · United Community Bank
—
—
Belle LP Starr
—
Deed Of Trust
related
$676,000 · Comerica Bank
—
—
Belle Starr
—
Deed Of Trust
related
$60,000 · Wertz & Associates INC
—
—
Belle LP Starr
—
Deed Of Trust
related
$685,000 · Frost National Bank
—
—
Belle Starr
—
Deed Of Trust
related
$100,000 · United Community 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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