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Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Distribution centers
2921 Alexander Dr 46 Baytown, TX 77520-2958
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3124480
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1981
Construction
STEEL FRAME
Total area
11,988 SF
Lot
4.93 ac (214,764 SF)
APN
450130020232
UPID
US82-3124480
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
-
J & B Pipeline Supply Co Inc Factory Metal Fabrication Plant
-
J & B Pipeline Supply Co Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.14M
Owner & transaction history
J & B Pipeline Supply Co INC · 11 yrs held
J & B Pipeline Supply Co INC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.5M
+89.7%
Auto repair, garage
$1.3M
+63.2%
Retail stores
$1.3M
+63.1%
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 Baytown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Baytown 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
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$775,000
Current use
INDUSTRIAL (GENERAL)
$1,465,000
Change: +90% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,260,000
Change: +63% · Conversion: Easy
RETAIL STORES
$1,260,000
Change: +63% · Conversion: Moderate
RESTAURANT
$1,250,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$1,190,000
Change: +54% · Conversion: Difficult
OFFICE BUILDING
$1,115,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±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
$95 / 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
$20,881
Tax year 2023
Assessed value
$3,463,829
Assessed 2024
Previous assessed
$3,463,829
+0.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$1,291,620
Assessed improvement
$2,172,209
Land market value
$1,291,620
Improvement market value
$2,172,209
Total market value
$3,463,829
Applied tax rate
16.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1981
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
11,988 SF
Lot
4.93 ac (214,764 SF)
APN
450130020232
UPID
US82-3124480
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
WAREHOUSE, STORAGE Current
Est. value
$775,000
INDUSTRIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
RESTAURANT
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
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
1981
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Lot
4.93 ac
Current owner
From public records · entity-resolved
J & B Pipeline Supply Co INC
Entity
Mailing address
214 CRABAPPLE DR, BAYTOWN, TX 77520-1280
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Feb 1, 2017
—
J & B Pipeline Supply Co INC
—
Deed
related
$629,951 · Jd Bk
Mar 12, 2015
—
J & B Pipeline Supply Co INC
La Pipeline Rental & Indl Sup
Warranty Deed
related
—
Jun 17, 2014
—
J & B Pipeline Supply Co INC
Barbara K Blalock
Venders Lien
$880,000 · Capital One NA
Aug 5, 2013
—
Barbara K Blalock
Barbara K Blalock
Warranty Deed
related
$138,638 · Amegy Bank NA
Nov 7, 2012
—
Blalock James & Barbara Trust
Blalock,james D & Barbara K
Quit Claim Deed
related
—
Apr 30, 2008
—
James Blalock
Paul Gene Rogers
Venders Lien
$240,000 · Amegy Bank NA
—
—
Blalock,james D & Barbara Trust
—
Deed Of Trust
related
$880,000 · Jd Bk
—
—
J & B Pipeline Supply Co INC
—
Deed Of Trust
related
$880,000 · Jd Bk
—
—
J & B Pipeline Supply Co INC
—
Deed Of Trust
related
$629,951 · Jd Bk
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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