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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Retail space
31100 Fm 2920th Rd, Waller, TX 77484-8009
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3352356
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Construction
CONCRETE BLOCKS
Total area
4,943 SF
Lot
2.12 ac (92,535 SF)
APN
460580000113
UPID
US82-3352356
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
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$567k
Blend (final)
Blend
$515k
Owner & transaction history
Zat Ents INC · 6 yrs held
Zat Ents INC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$705,000
+98.4%
Commercial (general)
$585,000
+64.3%
Auto repair, garage
$445,000
+25.5%
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 Waller submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waller 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
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$355,000
Current use
OFFICE BUILDING
$705,000
Change: +98% · Conversion: Easy
COMMERCIAL (GENERAL)
$585,000
Change: +64% · Conversion: Easy
AUTO REPAIR, GARAGE
$445,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$325,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$104 / 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
Tax billed
$17,906
Tax year 2022
Assessed value
$2,656,160
Assessed 2024
Previous assessed
$2,881,626
-7.8% YoY
Effective rate
0.67%
On assessed value
Assessed land
$740,280
Assessed improvement
$1,915,880
Land market value
$740,280
Improvement market value
$1,915,880
Total market value
$2,656,160
Applied tax rate
3.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2000
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
1
Total area
4,943 SF
Lot
2.12 ac (92,535 SF)
APN
460580000113
UPID
US82-3352356
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
RETAIL STORES Current
Est. value
$355,000
OFFICE BUILDING
Est. value
$705,000
COMMERCIAL (GENERAL)
Est. value
$585,000
AUTO REPAIR, GARAGE
Est. value
$445,000
MEDICAL BUILDING
Est. value
$325,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL 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
2000
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Lot
2.12 ac
Current owner
From public records · entity-resolved
Zat Ents INC
Entity
Mailing address
5219 CITY BANK PKWY STE #100, LUBBOCK, TX 79407-3542
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2020
—
Zat Ents INC
—
Deed
related
$156,400 · City Bk
Aug 4, 2017
—
Zat Ents INC
—
Deed
related
$147,482 · City Bk
Jul 12, 2017
—
Zat Ents INC
—
Deed
related
$500,000 · City Bk
—
—
Zat Ents INC
—
Loan Modification
related
$192,815 · City Bk
—
—
Zat Ents INC
—
Loan Modification
related
$1,466,969 · City Bk
—
—
Zat Ents INC
—
Deed Of Trust
related
$156,400 · City Bk
—
—
Zat Ents INC
—
Loan Modification
related
$1,120,912 · City Bk
—
—
Zat Ents INC
—
Loan Modification
related
$147,482 · City Bk
—
—
Zat Ents INC
—
Deed Of Trust
related
$500,000 · City Bk
—
—
Ptex Corp
—
Deed Of Trust
related
$3,433,500 · Citicorp Leasing INC
—
—
Zat Ents INC
—
Deed Of Trust
related
$1,863,067 · City Bank
—
—
Zat Ents INC
—
Deed Of Trust
related
$232,996 · City 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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