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Property profile & analytics
OFF-MARKET
Estimated value
$12,015,000
Commercial real estate
3420 Palmer Hwy Texas City, TX 77590-6546
Entity Owned
Absentee Owner
Free & Clear
Property ID
US82-5096391
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1980
Total area
88,870 SF
Lot
6.78 ac (295,476 SF)
APN
5581-0001-0003-000
UPID
US82-5096391
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
-
EZPAWN Discount Store (Bike/Boat/Book/etc) Store
-
EZ Money Loan Service
-
ATM Atm
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.54M
Comparable Approach
Comparable
$10.49M
Blend (final)
Blend
$12.02M
Owner & transaction history
Edifis Palmer Texas City LLC
Edifis Palmer Texas City LLC
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$18.8M
+130.0%
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 Texas City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Texas City 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%
$14,665,000
6.5%
$13,535,000
7%
$12,570,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,170,000
Current use
OFFICE BUILDING
$18,795,000
Change: +130% · Conversion: Easy
Blend value · Realmo final
$12.02M
Range $10.81M – $13.22M · ±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
$135 / 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
$310,032
Tax year 2022
Assessed value
$9,391,500
Assessed 2023
Previous assessed
$9,391,500
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$1,139,080
Assessed improvement
$8,252,420
Land market value
$1,139,080
Improvement market value
$8,252,420
Total market value
$9,391,500
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1980
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
88,870 SF
Lot
6.78 ac (295,476 SF)
APN
5581-0001-0003-000
UPID
US82-5096391
Jurisdiction
GALVESTON
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
COMMERCIAL (GENERAL) Current
Est. value
$8.2M
OFFICE BUILDING
Est. value
$18.8M
COMMERCIAL (GENERAL) Current
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
1980
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Lot
6.78 ac
Current owner
From public records · entity-resolved
Edifis Palmer Texas City LLC
Entity
Free & Clear · 0 yrs held
Mailing address
5301 KATY FWY STE #200, HOUSTON, TX 77007-3866
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2025
—
Edifis Palmer Texas City LLC
Edifis Palmer Ltd
Deed
—
Mar 19, 2019
—
Edifis Palmer Ltd
—
Deed
related
$275,629 · Independent Bk
Mar 21, 2018
—
Edifis Palmer Ltd
—
Deed
related
$11,200,000 · Independent Bk
—
—
Edifis Palmer Ltd
—
Deed Of Trust
related
$275,629 · Independent Bk
—
—
Edifis Palmer Ltd
—
Deed Of Trust
related
$11,200,000 · Independent 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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