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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Office buildings
3800 County Rd 94 Manvel, TX 77578-2958
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US82-3419130
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
4,569 SF
Lot
14.27 ac (621,510 SF)
APN
2804-0001-000
UPID
US82-3419130
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
-
Little Audrey Safe Place Child Welfare Organization Charitable Organization
-
Cobblestone Park Apartments Apartment Complex Apartment Building
-
Cleanmachinepressurewashingllc Landscaping General Contractor
-
Key PC Doctor Tech Support Center (Bike/Boat/Book/etc) Store
-
MEJENES Marketing & Advertising IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$885k
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$904k
Blend (final)
Blend
$895k
Owner & transaction history
Pearland Apartments Ltd · 21 yrs held
Pearland Apartments Ltd
since 2004
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$845,000
+45.9%
Auto repair, garage
$605,000
+4.2%
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 Manvel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manvel 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
$885,000
CAP Approach
CAP Return
Estimation
6%
$1,355,000
6.5%
$1,250,000
7%
$1,160,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$580,000
Current use
COMMERCIAL (GENERAL)
$845,000
Change: +46% · Conversion: Easy
AUTO REPAIR, GARAGE
$605,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$196 / 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 2018Property tax & assessments
Tax year 2018
Assessed value
$45,815,370
Assessed 2023
Previous assessed
$24,000,000
+90.9% YoY
Assessed land
$3,635,830
Assessed improvement
$42,179,540
Land market value
$3,635,830
Improvement market value
$42,179,540
Total market value
$45,815,370
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Heating
PACKAGE
Buildings
15
Total area
4,569 SF
Lot
14.27 ac (621,510 SF)
APN
2804-0001-000
UPID
US82-3419130
Jurisdiction
BRAZORIA
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
OFFICE BUILDING Current
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$845,000
AUTO REPAIR, GARAGE
Est. value
$605,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
PACKAGE
Buildings
15
Lot
14.27 ac
Current owner
From public records · entity-resolved
Pearland Apartments Ltd
Individual
Mailing address
300 INTERNATIONAL PKWY STE #320, LAKE MARY, FL 32746-5000
Ownership since
2004
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
Jun 29, 2020
—
Pearland Apartments Ltd
—
Deed
related
$20,953,000 · Walker & Dunlop
Oct 14, 2004
—
Pearland Apartments Ltd
Florida Cap Apartments-houston
Warranty Deed
$19,350,000 · Keybank USA
—
—
Pearland Apartments Ltd
—
Deed Of Trust
related
$22,472,600 · Oppenheimer Multifam Hsng&heal
—
—
Pearland Apartments Ltd
—
Deed Of Trust
related
$22,010,000 · Keycorp R E Capital Marketing
—
—
Pearland Apartments Ltd
—
Deed Of Trust
related
$20,953,000 · Walker & Dunlop
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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