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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Warehouses
33502 State Hwy 249 Pinehurst, TX 77362-3806
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-2438743
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Total area
5,740 SF
Lot
0.47 ac (20,430 SF)
Zoning code
2
APN
7760-00-00303
UPID
US83-2438743
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
$545k
Comparable Approach
Comparable
$588k
Blend (final)
Blend
$565k
Owner & transaction history
Donald L Opie · 10 yrs held
Donald L Opie
since 2016
7 recorded transactions
Zoning & alternative use
2 · Pinehurst, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$870,000
+122.0%
Apartment house (5+ units)
$680,000
+73.8%
Restaurant
$660,000
+68.5%
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 Pinehurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pinehurst 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%
$590,000
6.5%
$545,000
7%
$505,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$390,000
Current use
COMMERCIAL (GENERAL)
$870,000
Change: +122% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$680,000
Change: +74% · Conversion: Difficult
RESTAURANT
$660,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$525,000
Change: +33% · Conversion: Easy
OFFICE BUILDING
$510,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$370,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$98 / 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
$2,859
Tax year 2024
Assessed value
$674,837
Assessed 2024
Previous assessed
$465,000
+45.1% YoY
Effective rate
0.42%
On assessed value
Assessed land
$81,719
Assessed improvement
$593,118
Land market value
$81,719
Improvement market value
$593,118
Total market value
$674,837
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
2005
Heating
NONE
Cooling
NONE
Buildings
2
Total area
5,740 SF
Lot
0.47 ac (20,430 SF)
Zoning code
2
APN
7760-00-00303
UPID
US83-2438743
Jurisdiction
MONTGOMERY
Zoning & alternative use
2 · Pinehurst, TX
Zoning 2 · permitted uses
2 · Pinehurst, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pinehurst. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$390,000
COMMERCIAL (GENERAL)
Est. value
$870,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$680,000
RESTAURANT
Est. value
$660,000
AUTO REPAIR, GARAGE
Est. value
$525,000
OFFICE BUILDING
Est. value
$510,000
RETAIL STORES
Est. value
$370,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
2005
Heating
NONE
Cooling
Yes
Buildings
2
Lot
0.47 ac
Current owner
From public records · entity-resolved
Donald L Opie
Individual
Free & Clear · 10 yrs held
Mailing address
20 STONEGATE PARK CT, SPRING, TX 77379-6900
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2016
—
Donald L Opie
Opie James B
Quit Claim Deed
related
—
Oct 6, 2004
—
Ronald L Eldridge SR.
2015 Hazard LLC
Warranty Deed
related
—
Apr 20, 2004
—
Hazard LLC
Mcnair,daniel S & Linda M
Grant Deed
related
—
Jan 12, 2000
—
Judy B Jarvis
Helsdorfer,mike
Grant Deed
related
—
May 12, 1998
—
William M Adams
Markham,eugene K
Grant Deed
related
—
—
—
George W Arnett
—
Deed Of Trust
related
$69,000 · National Mortgagelink
—
—
Ronald L Eldridge SR.
—
Deed Of Trust
related
$65,000 · Sterling Bank
—
—
Ronald L Eldridge SR.
—
Deed Of Trust
related
$98,126 · Sterling 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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