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Property profile & analytics
OFF-MARKET
Office buildings
29607 Highland Blvd, Magnolia, TX 77354-2161
Entity Owned
9-yr Hold
Property ID
US83-2432011
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2016
Construction
FRAME
Total area
1,800 SF
Lot
1.02 ac (44,344 SF)
Zoning code
2
APN
9234-00-01700
UPID
US83-2432011
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Polo Garcia Properties LLC · 9 yrs held
Polo Garcia Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
2 · Magnolia, TX
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 Magnolia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Magnolia 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 2024Property tax & assessments
Tax year 2024
Tax billed
$5,721
Tax year 2024
Assessed value
$399,824
Assessed 2024
Previous assessed
$362,400
+10.3% YoY
Effective rate
1.43%
On assessed value
Assessed land
$88,688
Assessed improvement
$311,136
Land market value
$88,688
Improvement market value
$311,136
Total market value
$399,824
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2016
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
2
Bathrooms
2
Total area
1,800 SF
Lot
1.02 ac (44,344 SF)
Zoning code
2
APN
9234-00-01700
UPID
US83-2432011
Jurisdiction
MONTGOMERY
Zoning & alternative use
2 · Magnolia, TX
Zoning 2 · permitted uses
2 · Magnolia, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Magnolia. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2016
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Bathrooms
2
Lot
1.02 ac
Current owner
From public records · entity-resolved
Polo Garcia Properties LLC
Entity
Mailing address
6560 GREATWOOD PKWY STE #1000, SUGAR LAND, TX 77479-6714
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Aug 2, 2016
—
Polo Garcia Properties LLC
Market Resources LLC
Venders Lien
$356,000 · Allegiance Bank
Mar 21, 2014
—
Market Resources LLC
Milne,russell J & Maryann
Warranty Deed
$135,000 · Russell J & Maryann Milne
Sep 26, 2013
—
Russell J Milne
Hudson Interests INC
Warranty Deed
—
Dec 13, 2012
—
Hudson Interests INC
Cole,fredda K
Grant Deed
$70,000 · Icon Bank Of Texas
Mar 1, 2005
—
Fredda K Cole
Us Bank NA
Grant Deed
$77,900 · Gulf States Mortgage Co
Aug 16, 2004
$86,687
Home Equity Asset Trust 2003-4
Poston Patricia
Trustees Deed
related
—
Feb 11, 1997
—
Nathan Vecera
—
Grant Deed
related
$23,300 · Texas Commerce Bank
—
—
Carolyn J Schwarzbach
—
Deed Of Trust
related
$40,000 · Long Beach Mortgage Co
—
—
Carol Schwarzbach
—
Deed Of Trust
related
$79,000 · Aames Funding Corp
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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