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Property profile & analytics
FOR SALE
Commercial real estate
40827 Fm 149 Rd Magnolia, TX 77354
Entity Owned
1-yr Hold
Property ID
US83-2452920
For Sale
Contact for pricing
40827 Fm 149 Rd, Magnolia, TX 77354
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1987
Construction
FRAME
Total area
1,780 SF
Lot
1 ac (43,560 SF)
Zoning code
2
APN
8389-00-01700
UPID
US83-2452920
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
West Oaks Limited LLC · 1 yrs held
West Oaks Limited LLC
since 2024
7 recorded transactions
Zoning & alternative use
2 · Magnolia, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Magnolia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Magnolia 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,191
Tax year 2024
Assessed value
$197,020
Assessed 2024
Previous assessed
$202,120
-2.5% YoY
Effective rate
1.62%
On assessed value
Assessed land
$87,120
Assessed improvement
$109,900
Land market value
$87,120
Improvement market value
$109,900
Total market value
$197,020
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
For Sale
Year built
1987
Construction
FRAME
Heating
ELECTRIC
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
2
Total area
1,780 SF
Lot
1 ac (43,560 SF)
Zoning code
2
APN
8389-00-01700
UPID
US83-2452920
Jurisdiction
MONTGOMERY
Zoning & alternative use
2 · Magnolia, TXZoning 2 · permitted uses
2 · Magnolia, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1987
Construction
FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
1 ac
Current owner
From public records · entity-resolved
West Oaks Limited LLC
Entity
Mailing address
33014 TAMINA RD, MAGNOLIA, TX 77354-2265
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2024
—
West Oaks Limited LLC
Kevin Joseph Stokess
Warranty Deed
—
Jan 19, 2021
—
Kevin J Stokes
Jose J Chapa II
Warranty Deed
—
Mar 20, 2007
—
Jose J Chapa II
Matthews,alice J
Warranty Deed
$112,500 · Hometrust Mortgage Corp INC
Jan 13, 2006
—
Alice C Matthews
Matthews,billy JR
Quit Claim Deed
—
Jan 1, 2006
—
Owner Name Unavailable
Matthews,billy JR
Warranty Deed
related
—
Jul 23, 1999
—
Bily Matthews
Gibson,zona
Grant Deed
$54,000 · One Stop Mortgage INC
Jul 2, 1999
—
Zona Gibson
Herring Development INC
Grant Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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