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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Retail space
405 16th St Canyon, TX 79015-3841
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US82-1708396
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1906
Total area
5,730 SF
Lot
0.13 ac (5,663 SF)
Zoning code
RC3
APN
R-005-7800-2830
UPID
US82-1708396
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
-
Thompson's Gift Shop (Bike/Boat/Book/etc) Store
-
Thompson's (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$884k
Blend (final)
Blend
$795k
Owner & transaction history
Canyon Square Investments LLC · 3 yrs held
Canyon Square Investments LLC
since 2023
7 recorded transactions
Zoning & alternative use
RC3 · Canyon, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+48.9%
Commercial (general)
$920,000
+36.7%
Auto repair, garage
$755,000
+12.0%
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 Canyon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Canyon 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$675,000
Current use
OFFICE BUILDING
$1,005,000
Change: +49% · Conversion: Easy
COMMERCIAL (GENERAL)
$920,000
Change: +37% · Conversion: Easy
AUTO REPAIR, GARAGE
$755,000
Change: +12% · Conversion: Difficult
RESTAURANT
$610,000
Change: -9% · Conversion: Easy
WAREHOUSE, STORAGE
$590,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$139 / 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
Tax billed
$5,694
Tax year 2018
Assessed value
$516,883
Assessed 2024
Previous assessed
$293,389
+76.2% YoY
Effective rate
1.10%
On assessed value
Assessed land
$33,976
Assessed improvement
$482,907
Land market value
$33,976
Improvement market value
$482,907
Total market value
$516,883
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1906
Heating
FORCED AIR
Buildings
2
Stories
2
Rooms
1
Total area
5,730 SF
Lot
0.13 ac (5,663 SF)
Zoning code
RC3
APN
R-005-7800-2830
UPID
US82-1708396
Jurisdiction
RANDALL
Zoning & alternative use
RC3 · Canyon, TX
Zoning RC3 · permitted uses
RC3 · Canyon, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Canyon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$675,000
OFFICE BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$920,000
AUTO REPAIR, GARAGE
Est. value
$755,000
RESTAURANT
Est. value
$610,000
WAREHOUSE, STORAGE
Est. value
$590,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
WAREHOUSE, STORAGE
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
1906
Heating
FORCED AIR
Stories
2
Buildings
2
Rooms
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Canyon Square Investments LLC
Entity
Mailing address
405 16TH ST, CANYON, TX 79015-3841
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2023
—
Canyon Square Investments LLC
Llano Estacado Land LLC
Venders Lien
$1,100,000 · First United Bank
Dec 31, 2019
—
Llano Estacado Landi LLC
Cck Properties LLC
Warranty Deed
$550,000 · Amarillo National Bank
Apr 25, 2012
—
Cck Properties LLC
—
Trustees Deed
related
$60,000 · Happy States Bank
Jun 21, 2010
—
Cck Properties LLC
Dreams To Reality INC
Grant Deed
related
—
Jun 4, 2008
—
Dreams To Reality Of Cyn INC
—
Trustees Deed
related
$71,000 · First National Bank
—
—
Cck Properties LLC
—
Deed Of Trust
related
$320,000 · Happy States Bank
—
—
Rhett Ragsdale
—
Deed Of Trust
related
$46,750 · Happy States Bank
—
—
Cck Properties LLC
—
Loan Modification
related
$60,000 · Happy States Bank
—
—
Cck Properties LLC
—
Deed Of Trust
related
$320,000 · Happy States 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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