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Property profile & analytics
FOR SALE
Commercial real estate
365 Val Verde Rd McGregor, TX 76657
Individually Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-3784385
No photos on file
For Sale
$515,900
365 Val Verde Rd, McGregor, TX 76657
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Construction
FRAME
Total area
3,370 SF
Lot
1.33 ac (58,065 SF)
Zoning code
R1
APN
360101000004004
UPID
US83-3784385
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
$325k
CAP Approach
CAP
$515k
Comparable Approach
Comparable
$517k
Blend (final)
Blend
$515k
Owner & transaction history
Michael Callan · 18 yrs held
Michael Callan
since 2007
7 recorded transactions
Zoning & alternative use
R1 · Mcgregor, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$555,000
+65.4%
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 McGregor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs McGregor 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
$325,000
CAP Approach
CAP Return
Estimation
6%
$555,000
6.5%
$515,000
7%
$475,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$335,000
Current use
OFFICE BUILDING
$555,000
Change: +65% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$153 / 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
$6,212
Tax year 2022
Assessed value
$320,000
Assessed 2023
Previous assessed
$320,000
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$33,390
Assessed improvement
$286,610
Land market value
$33,390
Improvement market value
$286,610
Total market value
$320,000
Applied tax rate
36.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
For Sale
Year built
2004
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
3,370 SF
Lot
1.33 ac (58,065 SF)
Zoning code
R1
APN
360101000004004
UPID
US83-3784385
Jurisdiction
MCLENNAN
Zoning & alternative use
R1 · Mcgregor, TX
Zoning R1 · permitted uses
R1 · Mcgregor, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mcgregor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$335,000
OFFICE BUILDING
Est. value
$555,000
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
2004
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
Michael Callan
Individual
Free & Clear · 18 yrs held
Mailing address
361 VAL VERDE RD, MCGREGOR, TX 76657-3755
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2021
—
Michael B Callan
—
Deed
related
$157,000 · First National Bank Of Central Tx
Dec 26, 2018
—
Michael B Callan
—
Deed
related
$150,000 · First National Bank Of Central Tx
Sep 20, 2018
—
Michael B Callan
—
Deed
related
$468,673 · Community Bk
Jun 13, 2018
—
Michael B Callan
—
Deed
related
—
Oct 30, 2017
—
Miachel V Callan
—
Deed
related
$558,395 · Community Bank & Trust
Aug 30, 2007
—
Michael Callan
San-ann Co INC
Warranty Deed
related
—
Feb 23, 2005
—
San-ann Co INC
—
Trustees Deed
related
$25,000 · Community Bank & Trust Waco Tx
Sep 27, 2004
—
San-ann Co INC
—
Trustees Deed
related
$80,000 · Community Bank & Trust Waco Tx
—
—
San-ann Co INC
—
Deed Of Trust
related
$102,500 · Community Bank & Trust Co
—
—
Michael Callan
—
Deed Of Trust
related
$167,926 · Community Bank & Trust Waco Tx
—
—
San-ann Co INC
—
Deed Of Trust
related
$143,500 · Community Bank & Trust Co
—
—
Michael B Callan
—
Loan Modification
related
—
—
—
Michael B Callan
—
Loan Modification
related
$468,673 · Community 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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