Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3062 Pena St Carrizo Springs, TX 78834

    • Warehouses
    • 6,800 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $745,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5960124
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 3062 Pena St

    Construction
    FRAME
    Lot size
    1.00 lot acres
    Property size
    6,800 SF
    Property type
    Warehouses
    APN
    9-10-0000-1410-0501-00
    APU
    91000001410050100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $740,000
      Current use
      COMMERCIAL (GENERAL)
      $925,000
      Change: +25% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Carrizo Springs
    County
    Dimmit
    State
    Texas
    Longitude
    -99.8586
    Latitude
    28.5257

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $853
    $5,000
    $398,500
    $403,500
    -
    $5,000
    $398,500
    $403,500

    Comparable in this City

    • Value Estimation
      $565,000
      15,887 SF

      366 Refinery Rd

      WAREHOUSE, STORAGE • 15,887 SF
      366 Refinery Rd, Carrizo Springs, TX 78834
      View Details
    • Value Estimation by Request
      1,280 SF

      1904 Short St

      WAREHOUSE, STORAGE • 1,280 SF
      1904 Short St, Carrizo Springs, TX 78834
      View Details
    • Value Estimation by Request
      1,982 SF

      2693 Us Hwy 83

      WAREHOUSE, STORAGE • 1,982 SF
      2693 Us Hwy 83, Carrizo Springs, TX 78834
      View Details
    • Value Estimation by Request
      3,371 SF

      213 5th St

      WAREHOUSE, STORAGE • 3,371 SF
      213 5th St, Carrizo Springs, TX 78834-3103
      View Details
    • Value Estimation by Request
      416 SF

      1411 9th St

      WAREHOUSE, STORAGE • 416 SF
      1411 9th St, Carrizo Springs, TX 78834
      View Details
    • Value Estimation by Request
      6,440 SF

      103 Carrizo Hl Dr

      WAREHOUSE, STORAGE • 6,440 SF
      103 Carrizo Hl Dr, Carrizo Springs, TX 78834
      View Details

    Similar Nearby for Sale

    • $350,000
      2,400 SF

      Carrizo Springs Equipment/Rig Yard

      4.27 acre equipment/rig yard with office and warehouses.
      2075 Fm 186, Carrizo Springs, TX 78834
      View Details
    • $475,000
      5,600 SF

      Carrizo Springs Warehouse with Crane

      Industrial warehouse with 5-ton crane and ample power.
      3534 Highway 277, Carrizo Springs, TX 78834
      View Details
    • $990,000
      2.50 Acres

      Carrizo Springs Commercial Land

      8.51-acre commercial/industrial land, prime location.
      3509 Us-277, Carrizo Springs, TX 78834
      View Details
    • $1,900,000
      20,072 SF

      Carrizo Springs Commercial/Industrial Property

      8.82-acre commercial/industrial property with multiple buildings and office space.
      255 Loop 517, Carrizo Springs, TX 78834
      View Details
    • $350,000
      2,400 SF

      South Texas Industrial Property

      Flex Space, 2400 SF, $350K
      2075 Fm 186, Carrizo Springs, TX 78834
      View Details
    • $475,000
      10.00 Acres

      Hwy 277 Carrizo Springs Warehouse

      10-Acre Industrial Property with Warehouse
      2561 Tx-517 Loop, Carrizo Springs, TX 78834
      View Details

    Similar Nearby for Lease

    • $24,000
      370,696 SF

      Carrizo Springs Industrial Land

      Prime 3.38-acre commercial lot.
      3509 Us-277, Carrizo Springs, TX 78834
      View Details
    • Contact for pricing
      199,505 SF

      Prime Carrizo Springs Pad Site

      4.58-acre paved site, ideal for industrial use
      3357 Fm 186, Carrizo Springs, TX 78834
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3062 Pena St
    Carrizo Springs, TX 78834
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.