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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Industrial properties
481 Texas Central Pkwy Waco, TX 76712-6505
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US83-0682890
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1978
Construction
STEEL FRAME
Total area
60,607 SF
Lot
11.04 ac (480,685 SF)
APN
360431000002000
UPID
US83-0682890
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
-
Waco Boom Ltd Industrial Manufacturer Production Facility
-
V & L Management Co Management School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$955k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$991k
Blend (final)
Blend
$970k
Owner & transaction history
481 Texas Central Pkwy LLC · 2 yrs held
481 Texas Central Pkwy LLC
since 2024
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 Waco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waco 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
$955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,205,000
Current use
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±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
$16 / 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
$42,427
Tax year 2022
Assessed value
$1,971,060
Assessed 2023
Previous assessed
$1,971,060
+0.0% YoY
Effective rate
2.15%
On assessed value
Assessed land
$360,510
Assessed improvement
$1,610,550
Land market value
$360,510
Improvement market value
$1,610,550
Total market value
$1,971,060
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
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1978
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Total area
60,607 SF
Lot
11.04 ac (480,685 SF)
APN
360431000002000
UPID
US83-0682890
Jurisdiction
MCLENNAN
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
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
1978
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Lot
11.04 ac
Current owner
From public records · entity-resolved
481 Texas Central Pkwy LLC
Entity
Mailing address
481 TEXAS CENTRAL PKWY, WACO, TX 76712-6505
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2024
—
481 Texas Central Pkwy LLC
Waco Boom Manufacturing LLC
Warranty Deed
—
Jun 25, 2020
—
Waco Boom Manufacturing LLC
—
Deed
related
$1,617,000 · American Bk NA
May 15, 2020
—
Waco Boom Manufacturing LLC
481 Texas Central Pkwy LLC
Warranty Deed
—
Apr 21, 2017
—
481 Texas Central Pkwy LLC
—
Deed
related
$900,000 · American Bk
—
—
Vincent P Hanke Family LP
—
Loan Modification
related
—
—
—
Vincent P Hanke Family LP
—
Loan Modification
related
—
—
—
Vincent P Hanke Family LP
—
Deed Of Trust
related
$900,000 · American Bk
—
—
Waco Boom Manufacturing LLC
—
Deed Of Trust
related
$1,617,000 · American Bk NA
—
—
Vincent P Hanke Family LP
—
Loan Modification
related
—
—
—
481 Texas Central Pkwy LLC
—
Loan Modification
related
$900,000 · American 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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