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Property profile & analytics
OFF-MARKET
Estimated value
$1,660,000
Grocery and convenience stores
5249 Franz Rd Katy, TX 77493-1756
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US83-3748303
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1993
Construction
STEEL FRAME
Total area
47,007 SF
Lot
5.7 ac (248,288 SF)
APN
1251210010001
UPID
US83-3748303
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
-
Brookshire Brothers Grocery & Convenience Store Food Market
-
Brookshire Brothers Pharmacy Pharmacy
-
ATM Atm
-
Coinstar Bank Credit Union
-
Brookshire Brothers Fuel Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.66M
Owner & transaction history
Rve Partners Ltd · 6 yrs held
Rve Partners Ltd
since 2020
6 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 Katy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Katy 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
$35 / 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
$98,292
Tax year 2022
Assessed value
$4,678,204
Assessed 2024
Previous assessed
$4,715,420
-0.8% YoY
Effective rate
2.10%
On assessed value
Assessed land
$1,489,728
Assessed improvement
$3,188,476
Land market value
$1,489,728
Improvement market value
$3,188,476
Total market value
$4,678,204
Applied tax rate
19.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1993
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
47,007 SF
Lot
5.7 ac (248,288 SF)
APN
1251210010001
UPID
US83-3748303
Jurisdiction
HARRIS
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
1993
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
5.7 ac
Current owner
From public records · entity-resolved
Rve Partners Ltd
Entity
Mailing address
PO BOX 708, LUFKIN, TX 75902-0708
Ownership since
2020
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
Mar 17, 2020
—
Rve Partners Ltd
—
Deed
related
$1,534,000 · First Fin'l Bk&tr
Feb 27, 2020
—
Rve Partners Ltd
—
Deed
related
$1,000,000 · First Financial Bank NA
—
—
Rve Partners Ltd
—
Loan Modification
related
$1,336,916 · Bank & Trust Co
—
—
Rve Partners Ltd
—
Deed Of Trust
related
$1,000,000 · First Fin'l Bk&tr
—
—
Rve Partners Ltd
—
Loan Modification
related
$1,534,000 · First Fin'l Bk&tr
—
—
Rve Partners Ltd
—
Deed Of Trust
related
$1,534,000 · Bank & Tr/bryan/college Statio
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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