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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Commercial real estate
2904 1st St Bay City, TX 77414-6828
Entity Owned
2-yr Hold
Free & Clear
Property ID
US83-3598444
Property summary
AI-generated overview
This exceptional mixed-use property, located at 2904 1st St, Bay City, Texas 77414, presents a unique investment opportunity. The property, built in 1951, features a single-story main building encompassing 5,074 square feet, previously used as a boys center. This adaptable space is ideal for a variety of commercial uses. An additional 938 square feet of space is available in an adjacent mobile home, suitable for office space or residential use. The expansive 60,012 square foot lot offers significant outdoor space, including a driveway accommodating multiple vehicles and two fenced areas, providing flexibility for expansion or outdoor activities. The property is conveniently located just off a main road, ensuring high visibility and accessibility. The asking price is $247,349. Owner financing is available, with no credit check required, making this an easily accessible investment opportunity.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1951
Total area
5,074 SF
Lot
1.38 ac (60,013 SF)
APN
39073
UPID
US83-3598444
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
-
Gulf Winds Rtc Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$548k
Blend (final)
Blend
$550k
Owner & transaction history
Texas Capital Loans LLC · 2 yrs held
Texas Capital Loans LLC
since 2024
1 recorded transaction
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 Bay City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bay City 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$108 / 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
Assessed value
$358,320
Assessed 2024
Previous assessed
$286,900
+24.9% YoY
Assessed land
$160,000
Assessed improvement
$198,320
Land market value
$160,000
Improvement market value
$198,320
Total market value
$358,320
Applied tax rate
10.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1951
Heating
CENTRAL
Cooling
CENTRAL
Bathrooms
1
Total area
5,074 SF
Lot
1.38 ac (60,013 SF)
APN
39073
UPID
US83-3598444
Jurisdiction
MATAGORDA
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
1951
Heating
CENTRAL
Cooling
Yes
Bathrooms
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Texas Capital Loans LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 741209, HOUSTON, TX 77274-1209
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
$150,000
Texas Capital Loans LLC
Barretts Heritage Houses LLC
Trustees Deed
related
—
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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