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Property profile & analytics
OFF-MARKET
Estimated value
$2,070,000
Industrial properties
3115 Lucius Mccelvey Dr Temple, TX 76504-1213
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US83-2918728
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1984
Total area
22,919 SF
Lot
4.71 ac (205,124 SF)
Zoning code
HI
APN
30253
UPID
US83-2918728
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
-
Advanced Laser Materials, LLC Construction Company General Contractor
-
ALM - Advanced Laser Materials Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.07M
Owner & transaction history
Advanced Laser Materials LLC · 17 yrs held
Advanced Laser Materials LLC
since 2008
4 recorded transactions
Zoning & alternative use
HI · Temple, 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 Temple submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Temple 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%
$2,415,000
6.5%
$2,225,000
7%
$2,070,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,730,000
Current use
COMMERCIAL (GENERAL)
$2,360,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.07M
Range $1.86M – $2.28M · ±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
$90 / 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
$15,078
Tax year 2023
Assessed value
$618,049
Assessed 2024
Previous assessed
$657,661
-6.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$123,074
Assessed improvement
$494,975
Land market value
$123,074
Improvement market value
$494,975
Total market value
$618,049
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1984
Heating
CENTRAL
Cooling
CENTRAL
Bathrooms
2
Total area
22,919 SF
Lot
4.71 ac (205,124 SF)
Zoning code
HI
APN
30253
UPID
US83-2918728
Jurisdiction
BELL
Zoning & alternative use
HI · Temple, TX
Zoning HI · permitted uses
HI · Temple, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Temple. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.4M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1984
Heating
CENTRAL
Cooling
Yes
Bathrooms
2
Lot
4.71 ac
Current owner
From public records · entity-resolved
Advanced Laser Materials LLC
Entity
Mailing address
3115 LUCIUS MCCELVEY DR, TEMPLE, TX 76504-1213
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2008
—
Advanced Laser Materials LLC
Marlandwood Investments Ltd
Warranty Deed
$501,500 · Central National Bank
Dec 30, 2005
—
Marlandwood Investments Ltd
Owner Name Unavailable
Grant Deed
related
—
—
—
Advanced Laser Materials LLC
—
Deed Of Trust
related
—
—
—
Advanced Laser Materials LLC
—
Deed Of Trust
related
$100,000 · Central National Bank
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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