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Property profile & analytics
OFF-MARKET
Estimated value
$2,675,000
Warehouses
318 Corporate Wood Dr, Magnolia, TX 77354-2381
Entity Owned
4-yr Hold
Free & Clear
Property ID
US83-2441574
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Total area
45,436 SF
Lot
3 ac (130,680 SF)
Zoning code
2
APN
8879-00-01600
UPID
US83-2441574
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
-
IBE SMT Equipment Factory Production Facility
-
Elisync Technologies (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.69M
Blend (final)
Blend
$2.68M
Owner & transaction history
306 Cw Holdings LLC · 4 yrs held
306 Cw Holdings LLC
since 2021
7 recorded transactions
Zoning & alternative use
2 · Magnolia, 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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,940,000
Change: -14% · Conversion: Difficult
OFFICE BUILDING
$3,800,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.68M
Range $2.41M – $2.94M · ±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
$59 / 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
$47,439
Tax year 2024
Assessed value
$3,266,644
Assessed 2024
Previous assessed
$3,004,950
+8.7% YoY
Effective rate
1.45%
On assessed value
Assessed land
$392,040
Assessed improvement
$2,874,604
Land market value
$392,040
Improvement market value
$2,874,604
Total market value
$3,266,644
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
2002
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Bathrooms
2
Total area
45,436 SF
Lot
3 ac (130,680 SF)
Zoning code
2
APN
8879-00-01600
UPID
US83-2441574
Jurisdiction
MONTGOMERY
Zoning & alternative use
2 · Magnolia, TX
Zoning 2 · permitted uses
2 · Magnolia, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Magnolia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.8M
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
2002
Heating
FORCED AIR
Cooling
Yes
Buildings
7
Bathrooms
2
Lot
3 ac
Current owner
From public records · entity-resolved
306 Cw Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
318 CORPORATE WOOD DR, MAGNOLIA, TX 77354-2381
Ownership since
2021
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
Sep 3, 2021
—
306 Cw Holdings LLC
Corporate Woods Holdings LLC
Special Warranty Deed
—
Aug 17, 2020
—
Ibe Smtcom LLC
—
Deed
related
$242,018 · Prosperity Bk
Dec 20, 2017
—
Ibe Smt Com LLC
Ibe Smt Equipment LLC
Special Warranty Deed
$2,000,000 · Prosperity Bank
Mar 31, 2017
—
Ibe Smt Equipment LLC
—
Deed
related
—
Mar 21, 2017
—
Ibe Smt Equipment LLC
—
Deed
related
$1,500,000 · Jpmorgan Chase Bank NA
—
—
Ibe Smt Equipment LLC
—
Loan Modification
related
—
—
—
Ibe Smt Equipment LLC
—
Loan Modification
related
—
—
—
Ibe Smt Equipment LLC
—
Deed Of Trust
related
$850,000 · Jp Morgan Chase Bank NA
—
—
Ibe Smt Equipment LLC
—
Loan Modification
related
—
—
—
Ibe Smt Equipment LLC
—
Loan Modification
related
—
—
—
Ibe Smt Equipment LLC
—
Loan Modification
related
—
—
—
Ibe Smtcom LLC
—
Loan Modification
related
$242,018 · Prosperity 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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