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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Warehouses
315 Magnolia Business Park Dr Magnolia, TX 77354-8913
Entity Owned
7-yr Hold
Free & Clear
Property ID
US83-2590691
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Total area
11,440 SF
Lot
1.82 ac (79,192 SF)
APN
7010-00-00300
UPID
US83-2590691
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
by Request
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$885k
Blend (final)
Blend
$985k
Owner & transaction history
Magnolia Business Park LLC · 7 yrs held
Magnolia Business Park LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.4M
+17.1%
Restaurant
$1.3M
+13.6%
Auto repair, garage
$1.2M
+2.2%
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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,180,000
6.5%
$1,090,000
7%
$1,010,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,160,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,360,000
Change: +17% · Conversion: Difficult
RESTAURANT
$1,315,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,185,000
Change: +2% · Conversion: Easy
COMMERCIAL (GENERAL)
$990,000
Change: -14% · Conversion: Difficult
OFFICE BUILDING
$955,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$86 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$18,408
Tax year 2024
Assessed value
$1,073,422
Assessed 2024
Previous assessed
$982,530
+9.3% YoY
Effective rate
1.71%
On assessed value
Assessed land
$316,768
Assessed improvement
$756,654
Land market value
$316,768
Improvement market value
$756,654
Total market value
$1,073,422
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Heating
NONE
Cooling
NONE
Buildings
3
Total area
11,440 SF
Lot
1.82 ac (79,192 SF)
APN
7010-00-00300
UPID
US83-2590691
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$990,000
OFFICE BUILDING
Est. value
$955,000
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE 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
2007
Heating
NONE
Cooling
Yes
Buildings
3
Lot
1.82 ac
Current owner
From public records · entity-resolved
Magnolia Business Park LLC
Entity
Free & Clear · 7 yrs held
Mailing address
22787 NICHOLS SAWMILL RD, HOCKLEY, TX 77447-7644
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2018
—
Magnolia Business Park LLC
Trace Legacy Holdings LLC
Special Warranty Deed
—
Dec 22, 2017
—
Trace Legacy Holdings LLC
Mrw Partners LLC
Grant Deed
—
Jun 21, 2017
—
Mrw Partners LLC
—
Deed
related
$250,000 · Post Oak Bk
Feb 17, 2010
—
Mrw Partners LLC
—
Trustees Deed
related
$250,000 · Post Oak Bank
Nov 7, 2008
—
Mrw Partners LLC
Carpenter,don & Janet
Warranty Deed
$3,869,250 · Post Oak Bank
—
—
Mrw Partners LLC
—
Loan Modification
related
$3,869,250 · Post Oak Bk
—
—
Mrw Partners LLC
—
Deed Of Trust
related
$800,000 · Michael R Williams
—
—
Mrw Partners LLC
—
Loan Modification
related
$250,000 · Post Oak Bk
—
—
Mrw Partners LLC
—
Loan Modification
related
$250,000 · Post Oak 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.
Try Rey
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