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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Banks
3401 Loop 306 San Angelo, TX 76904-5942
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US82-3313224
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1981
Total area
6,788 SF
Lot
1.38 ac (60,026 SF)
APN
18-33400-0000-010-50
UPID
US82-3313224
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
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$705k
Blend (final)
Blend
$600k
Owner & transaction history
Mike Franklin · 11 yrs held
Mike Franklin
since 2015
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$845,000
+51.8%
Commercial (general)
$765,000
+37.3%
Restaurant
$670,000
+20.5%
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 San Angelo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Angelo 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
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$555,000
Current use
AUTO REPAIR, GARAGE
$845,000
Change: +52% · Conversion: Difficult
COMMERCIAL (GENERAL)
$765,000
Change: +37% · Conversion: Difficult
RESTAURANT
$670,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$640,000
Change: +15% · Conversion: Difficult
WAREHOUSE, STORAGE
$480,000
Change: -14% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$475,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$88 / 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
$34,717
Tax year 2024
Assessed value
$1,745,100
Assessed 2024
Previous assessed
$1,733,510
+0.7% YoY
Effective rate
1.99%
On assessed value
Assessed land
$370,960
Assessed improvement
$1,374,140
Land market value
$370,960
Improvement market value
$1,374,140
Total market value
$1,745,100
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1981
Heating
NONE
Buildings
3
Total area
6,788 SF
Lot
1.38 ac (60,026 SF)
APN
18-33400-0000-010-50
UPID
US82-3313224
Jurisdiction
TOM GREEN
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
FINANCIAL BUILDING Current
Est. value
$555,000
AUTO REPAIR, GARAGE
Est. value
$845,000
COMMERCIAL (GENERAL)
Est. value
$765,000
RESTAURANT
Est. value
$670,000
MEDICAL BUILDING
Est. value
$640,000
WAREHOUSE, STORAGE
Est. value
$480,000
INDUSTRIAL (GENERAL)
Est. value
$475,000
FINANCIAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
WAREHOUSE, STORAGE
INDUSTRIAL (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
1981
Heating
NONE
Buildings
3
Lot
1.38 ac
Current owner
From public records · entity-resolved
Mike Franklin
Individual
Mailing address
3401 LOOP 306, SAN ANGELO, TX 76904-5942
Mailing matches property
Yes
Owner-occupied
Yes
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2015
—
Mike Franklin
Robert Woodrow Sims
Venders Lien
$42,000 · Trans Texas Southwest Cu
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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