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Property profile & analytics
OFF-MARKET
Warehouses
507 Alana Ln Spring, TX 77386-1219
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US83-2328117
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2011
Total area
3,426 SF
Lot
0.92 ac (40,000 SF)
Zoning code
6
APN
7625-00-01400
UPID
US83-2328117
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
-
C&S Executive Transportation, LLC Freight Service Logistics Company
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
Mc Legacy Investments LLC · 3 yrs held
Mc Legacy Investments LLC
since 2023
7 recorded transactions
Zoning & alternative use
6 · Spring, 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 Spring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring 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
$5,859
Tax year 2024
Assessed value
$295,920
Assessed 2024
Previous assessed
$295,920
+0.0% YoY
Effective rate
1.98%
On assessed value
Assessed land
$40,000
Assessed improvement
$255,920
Land market value
$40,000
Improvement market value
$255,920
Total market value
$295,920
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2011
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
4
Total area
3,426 SF
Lot
0.92 ac (40,000 SF)
Zoning code
6
APN
7625-00-01400
UPID
US83-2328117
Jurisdiction
MONTGOMERY
Zoning & alternative use
6 · Spring, TX
Zoning 6 · permitted uses
6 · Spring, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2011
Heating
FORCED AIR
Cooling
Yes
Bathrooms
4
Lot
0.92 ac
Current owner
From public records · entity-resolved
Mc Legacy Investments LLC
Entity
Mailing address
507 ALANA LN, SPRING, TX 77386-1219
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2023
—
Mc Legacy Investments LLC
Celico Unit C3 LP
Venders Lien
$560,000 · Texas Capital Bank NA
Oct 27, 2016
—
Celico Unit C3 LP
—
Deed
related
$315,426 · Spirit Of Texas Bank Ssb
Sep 4, 2014
—
Celico Unit C3 LP
Celico Ventures LLC
Quit Claim Deed
—
Jul 23, 2010
—
Mark Kowalick
Kowalick,cassandra P
Quit Claim Deed
related
—
Apr 1, 2009
—
Mark Kowalik
Harold L Messenbrink
Venders Lien
$165,000 · Amegy Bank NA
Mar 8, 2001
—
Harold L Messenbrink
Messenbrink,harold L
Quit Claim Deed
related
$70,000 · Woodforest National Bank
—
—
Celico Ventures LLC
—
Loan Modification
related
$280,362 · Woodforest National 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.
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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