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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Distribution centers
515 Shirley St Alvin, TX 77511-5635
Entity Owned
Absentee Owner
Free & Clear
Property ID
US82-4614521
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1979
Total area
6,783 SF
Lot
7.37 ac (321,037 SF)
APN
0227-0010-120
UPID
US82-4614521
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
-
Blue Bell Creameries Alvin distribution branch Grocery & Convenience Store Specialty Food Shop
-
ALL US Mold Removal Alvin TX Home Inspector Water Damage Restoration Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$607k
Blend (final)
Blend
$630k
Owner & transaction history
Blue Bell Creameries LP
Blue Bell Creameries LP
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$895,000
+50.0%
Office building
$885,000
+48.3%
Auto repair, garage
$805,000
+34.6%
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 Alvin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alvin 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%
$705,000
6.5%
$655,000
7%
$605,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$595,000
Current use
RESTAURANT
$895,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$885,000
Change: +48% · Conversion: Difficult
AUTO REPAIR, GARAGE
$805,000
Change: +35% · Conversion: Easy
RETAIL STORES
$780,000
Change: +31% · Conversion: Moderate
MEDICAL BUILDING
$580,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$93 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$26,296
Tax year 2024
Assessed value
$984,310
Assessed 2024
Previous assessed
$1,054,980
-6.7% YoY
Effective rate
2.67%
On assessed value
Assessed land
$286,610
Assessed improvement
$697,700
Land market value
$286,610
Improvement market value
$697,700
Total market value
$984,310
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1979
Heating
PACKAGE
Cooling
CENTRAL
Buildings
2
Rooms
12
Total area
6,783 SF
Lot
7.37 ac (321,037 SF)
APN
0227-0010-120
UPID
US82-4614521
Jurisdiction
BRAZORIA
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
WAREHOUSE, STORAGE Current
Est. value
$595,000
RESTAURANT
Est. value
$895,000
OFFICE BUILDING
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$805,000
RETAIL STORES
Est. value
$780,000
MEDICAL BUILDING
Est. value
$580,000
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1979
Heating
PACKAGE
Cooling
Yes
Buildings
2
Rooms
12
Lot
7.37 ac
Current owner
From public records · entity-resolved
Blue Bell Creameries LP
Entity
Free & Clear · 0 yrs held
Mailing address
1101 S BLUE BELL RD, BRENHAM, TX 77833-4413
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Blue Bell Creameries LP
—
Deed Of Trust
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.
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