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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
31007 Fm 2978th Rd, Magnolia, TX 77354-2308
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US83-2442566
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2014
Construction
FRAME
Total area
3,900 SF
Lot
2.24 ac (97,574 SF)
APN
9275-00-00100
UPID
US83-2442566
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
-
Walmart Grocery & Convenience Store Food Market
-
ATM (ATM Link, Inc.) Atm
-
Chevron Grocery & Convenience Store
-
Xochimilco Mexican Kitchen Restaurant
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
Northside I A Investment LLC · 16 yrs held
Northside I A Investment LLC
since 2009
7 recorded transactions
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 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
$21,095
Tax year 2024
Assessed value
$1,132,217
Assessed 2024
Previous assessed
$1,336,230
-15.3% YoY
Effective rate
1.86%
On assessed value
Assessed land
$634,231
Assessed improvement
$497,986
Land market value
$634,231
Improvement market value
$497,986
Total market value
$1,132,217
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2014
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Total area
3,900 SF
Lot
2.24 ac (97,574 SF)
APN
9275-00-00100
UPID
US83-2442566
Jurisdiction
MONTGOMERY
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
2014
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Lot
2.24 ac
Current owner
From public records · entity-resolved
Northside I A Investment LLC
Entity
Mailing address
5803 SEQUOIA TRCE CT, SPRING, TX 77379-2595
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2018
—
Northside I A Investments LLC
—
Deed
related
$166,413 · Plains St Bk
Oct 30, 2009
—
Northside I A Investment LLC
Atl Holdings LLC
Grant Deed
$325,000 · Atl Holdings LLC
Aug 31, 2009
—
Atl Holdings LLC
Casco Bay Holding Company LLC
Special Warranty Deed
$525,000 · Atlantic National Trust LLC
Sep 10, 2008
—
Casco Bay Finance Holdings LLC
Casco Bay Fin Co LLC
Quit Claim Deed
—
Sep 2, 2008
—
Casco Bay Finance Co LLC
Reyes Maricela
Trustees Deed
related
—
—
—
Northside I A Investments LLC
—
Loan Modification
related
$166,413 · Plains St Bk
—
—
Casco Bay Finance Holdings LLC
—
Deed Of Trust
related
$367,548 · Casco Bay Finance Co LLC
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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