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Property profile & analytics
OFF-MARKET
Estimated value
$2,865,000
Warehouses
5208 Ransom Rd Ransom Canyon, TX 79366-2525
Individually Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2097021
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Total area
15,800 SF
Lot
4.42 ac (192,535 SF)
Zoning code
27
APN
R101759
UPID
US82-2097021
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
-
4B Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.33M
Comparable Approach
Comparable
$2.40M
Blend (final)
Blend
$2.87M
Owner & transaction history
Robert C Hardy · 13 yrs held
Robert C Hardy
since 2012
6 recorded transactions
Zoning & alternative use
27 · Ransom Canyon, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+55.8%
Office building
$2.3M
+51.5%
Restaurant
$1.8M
+13.4%
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 Ransom Canyon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ransom Canyon 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%
$3,605,000
6.5%
$3,325,000
7%
$3,090,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,410,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$2,345,000
Change: +52% · Conversion: Difficult
RESTAURANT
$1,755,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$2.87M
Range $2.58M – $3.15M · ±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
$181 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,459
Tax year 2023
Assessed value
$894,463
Assessed 2024
Previous assessed
$894,463
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$39,780
Assessed improvement
$854,683
Land market value
$39,780
Improvement market value
$854,683
Total market value
$894,463
Comparables
4 recent transactions · within 1.5 miComparable in this city
4 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
2001
Heating
NONE
Buildings
5
Bathrooms
2
Total area
15,800 SF
Lot
4.42 ac (192,535 SF)
Zoning code
27
APN
R101759
UPID
US82-2097021
Jurisdiction
LUBBOCK
Zoning & alternative use
27 · Ransom Canyon, TXZoning 27 · permitted uses
27 · Ransom Canyon, TX
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
COMMERCIAL (GENERAL)
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.3M
RESTAURANT
Est. value
$1.8M
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
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
2001
Heating
NONE
Buildings
5
Bathrooms
2
Lot
4.42 ac
Current owner
From public records · entity-resolved
Robert C Hardy
Individual
Free & Clear · 13 yrs held
Mailing address
695 FM 40, RALLS, TX 79357-5211
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2012
—
Robert C Hardy
Hardy,robert C
Quit Claim Deed
related
—
Mar 1, 2010
—
Robert C Hardy
Huse,hayden F
Warranty Deed
$308,000 · Vista Bank
Jun 16, 2005
—
Owner Name Unavailable
Hastings,bruce
Warranty Deed
related
—
—
—
Hayden Huse
—
Deed Of Trust
related
$7,545 · Lubbock National Bank
—
—
Hayden Huse
—
Deed Of Trust
related
$30,239 · Lubbock National Bank
—
—
Hayden Huse
—
Deed Of Trust
related
$6,250 · Lubbock 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.
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