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Property profile & analytics
OFF-MARKET
Commercial real estate
460 6th St Honey Grove, TX 75446
Individually Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-0555976
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1894
Total area
2,332 SF
Lot
0.09 ac (3,864 SF)
APN
95028
UPID
US82-0555976
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
James Allison · 14 yrs held
James Allison
since 2011
7 recorded transactions
Zoning & alternative use
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 Honey Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Honey Grove 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 2018Property tax & assessments
Tax year 2018
Tax billed
$325
Tax year 2018
Assessed value
$25,800
Assessed 2024
Previous assessed
$19,760
+30.6% YoY
Effective rate
1.26%
On assessed value
Assessed land
$17,090
Assessed improvement
$8,710
Land market value
$17,090
Improvement market value
$8,710
Total market value
$25,800
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
Off-Market
Year built
1894
Heating
YES
Total area
2,332 SF
Lot
0.09 ac (3,864 SF)
APN
95028
UPID
US82-0555976
Jurisdiction
FANNIN
Zoning & alternative use
Zoning · permitted uses
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
1894
Heating
YES
Lot
0.09 ac
Current owner
From public records · entity-resolved
James Allison
Individual
Free & Clear · 14 yrs held
Mailing address
405 PECAN ST, HONEY GROVE, TX 75446-1822
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
29 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2011
—
James Allison
Mark Ragon
Warranty Deed
—
Jun 29, 2011
—
Brazos Building Co INC
Mark Ragon
Warranty Deed
—
Apr 29, 2011
—
Mcdonald & Simmons 401k Plan
Mark Ragon
Warranty Deed
—
May 25, 2010
—
Noe Marquez
Mark Ragon
Venders Lien
$60,000 · Heritage Land Bank Aca
Mar 23, 2010
—
Teresa S George
Mark Ragon
Venders Lien
$19,900 · Teresa George
Mar 2, 2010
$109,012
Pamela Sue Parker
Mark Ragon
Trustees Deed
related
—
Feb 3, 2010
—
Lpkk Holdings Ltd Co
Mark Ragon
Warranty Deed
—
Dec 8, 2009
—
Edward L Robinson
Mark Ragon
Warranty Deed
—
Nov 20, 2009
—
Mark Ragon
Allen M Ader
Special Warranty Deed
$1,700 · Cccc Partners Ltd
Aug 19, 2008
—
Mark Ragon
Charles R Lacewell
Warranty Deed
—
Jul 29, 2008
—
Mark Ragon
Mary Virginia Mcfarlin
Warranty Deed
—
May 28, 2008
—
Mark Ragon
Joshua H Odom
Warranty Deed
—
Feb 25, 2008
—
Mark Ragon
Floyd Wayne Cox
Venders Lien
$130,000 · Floyd Wayne Cox Etux
Sep 14, 2007
—
Mark Ragon
George L Cole
Warranty Deed
—
Aug 27, 2007
—
Mark Ragon
Rebecca A Riley
Warranty Deed
—
Jul 10, 2007
—
Mark Ragon
Joe T Sudderth
Venders Lien
$240,000 · Joe T Sudderth Etux
May 8, 2007
—
Mark Ragon
Cambria F Mccabe
Warranty Deed
—
Apr 27, 2007
—
Mark Ragon
Margare Dillard Carpenter
Venders Lien
$134,920 · Margaret Dillard Carpenter
Apr 11, 2007
—
Mark Ragon
Edward L Robinson
Venders Lien
$100,000 · Edward L Robinson Etux
Apr 9, 2007
—
Mark Ragon
Patriot Bank
Warranty Deed
—
Mar 30, 2007
—
Mark Ragon
Margaret Dillard Carpenter
Venders Lien
$134,920 · Margaret Carpenter
Mar 21, 2007
—
Mark Ragon
G W Binion
Warranty Deed
—
Feb 6, 2007
—
Mark Ragon
Pamela Sue Parker
Venders Lien
$109,012 · Pamela Parker
Jan 19, 2007
—
Mark Ragon
Deanya Kueckelhan
Venders Lien
$116,500 · Deany Kueckelhan Etal
Jul 12, 2006
—
Mark Ragon
Bobby R Taylor
Venders Lien
$340,000 · Capital One NA
May 23, 2006
—
Mark Ragon
Lawrence Corzine
Warranty Deed
—
May 18, 2006
—
Mark Ragon
Bill Griffis
Warranty Deed
—
Apr 6, 2006
—
Mark Ragon
Cotten Witcher Novelle
Warranty Deed
—
Jan 17, 2006
—
Mark Ragon
Jimmie Page
Warranty Deed
—
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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