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Property profile & analytics
OFF-MARKET
Estimated value
$2,725,000
Industrial properties
3118 Gholson Rd Waco, TX 76705-1889
Individually Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-4649027
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1996
Construction
STEEL FRAME
Total area
35,466 SF
Lot
6.26 ac (272,729 SF)
Zoning code
M2
APN
200282000004000
UPID
US82-4649027
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
-
Texas First Rentals Waco Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.42M
Blend (final)
Blend
$2.73M
Owner & transaction history
Holt Texas Ltd · 11 yrs held
Holt Texas Ltd
since 2015
7 recorded transactions
Zoning & alternative use
M2 · Waco, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.3M
+235.2%
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 Waco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waco 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,340,000
Change: +235% · Conversion: Difficult
Blend value · Realmo final
$2.73M
Range $2.45M – $3.00M · ±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
$77 / 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
$50,305
Tax year 2022
Assessed value
$2,293,225
Assessed 2023
Previous assessed
$2,293,225
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$255,000
Assessed improvement
$2,038,225
Land market value
$255,000
Improvement market value
$2,038,225
Total market value
$2,293,225
Applied tax rate
20.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
35,466 SF
Lot
6.26 ac (272,729 SF)
Zoning code
M2
APN
200282000004000
UPID
US82-4649027
Jurisdiction
MCLENNAN
Zoning & alternative use
M2 · Waco, TX
Zoning M2 · permitted uses
M2 · Waco, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waco. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$4.3M
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
1996
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
6.26 ac
Current owner
From public records · entity-resolved
Holt Texas Ltd
Individual
Free & Clear · 11 yrs held
Mailing address
3302 S WW WHITE RD, SAN ANTONIO, TX 78222-4830
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2015
—
Holt Texas Ltd
Alumavan Texas LLP
Grant Deed
related
—
May 27, 2010
—
Alumavan Texas LLC
—
Trustees Deed
related
—
Sep 17, 2009
—
Alumavan Texas LLP
—
Trustees Deed
related
—
Apr 6, 2009
—
Alumavan Texas LLP
—
Trustees Deed
related
—
Feb 11, 2008
—
Alumavan Texas LLP
—
Trustees Deed
related
$200,000 · Extraco Bank
Aug 15, 2007
—
Alumvan Texas LLP
Manitou North America INC
Warranty Deed
related
—
—
—
Alumavan Texas LLP
—
Deed Of Trust
related
—
—
—
Alumavan Texas LLP
—
Loan Modification
related
$2,498,250 · Extraco Bank
—
—
Alumavan Of Texas LLP
—
Deed Of Trust
related
$2,498,250 · Extraco Bank
—
—
Alumavan Texas LLP
—
Deed Of Trust
related
$219,313 · Suzan Shinder
—
—
Alumavan Texas LLP
—
Deed Of Trust
related
$2,498,250 · Extraco 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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