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Property profile & analytics
OFF-MARKET
Estimated value
$6,180,000
Warehouses
555 Frg Riv Rd Webster, TX 77598-4369
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-3399895
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1993
Construction
STEEL FRAME
Total area
109,409 SF
Lot
8.83 ac (384,635 SF)
APN
1175200010002
UPID
US82-3399895
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.76M
Blend (final)
Blend
$6.18M
Owner & transaction history
Bay Terrace Tech Center LLC · 4 yrs held
Bay Terrace Tech Center LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.7M
+103.2%
Apartment house (5+ units)
$7.9M
+85.3%
Office building
$7.5M
+74.5%
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 Webster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Webster 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,290,000
Current use
COMMERCIAL (GENERAL)
$8,715,000
Change: +103% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,945,000
Change: +85% · Conversion: Difficult
OFFICE BUILDING
$7,485,000
Change: +74% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,775,000
Change: +58% · Conversion: Easy
MEDICAL BUILDING
$6,535,000
Change: +52% · Conversion: Difficult
RESTAURANT
$6,455,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$4,550,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$6.18M
Range $5.56M – $6.80M · ±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
$56 / 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
$148,068
Tax year 2023
Assessed value
$17,054,439
Assessed 2024
Previous assessed
$17,054,439
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$3,846,350
Assessed improvement
$13,208,089
Land market value
$3,846,350
Improvement market value
$13,208,089
Total market value
$17,054,439
Applied tax rate
27.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1993
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
109,409 SF
Lot
8.83 ac (384,635 SF)
APN
1175200010002
UPID
US82-3399895
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$8.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.9M
OFFICE BUILDING
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$6.8M
MEDICAL BUILDING
Est. value
$6.5M
RESTAURANT
Est. value
$6.5M
RETAIL STORES
Est. value
$4.6M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
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
1993
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
8.83 ac
Current owner
From public records · entity-resolved
Bay Terrace Tech Center LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1301 W 7TH ST STE #141, FORT WORTH, TX 76102-2652
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2021
—
Bay Terrace Tech Center LLC
Fabco Properties III LLC
Special Warranty Deed
—
Apr 29, 2015
—
Fabco Properties III LLC
Feathercraft Realty Ltd
Grant Deed
$6,500,000 · Miscellaneous Ins Co
Dec 18, 2012
—
Feathercraft Realty Ltd
Forge River Tx LP
Grant Deed
related
—
Jan 11, 2006
—
Cassandra Booker
Chambers,tommy & Diane
Warranty Deed
related
—
Dec 30, 2005
—
Forge River Tx
Cd Up
Grant Deed
$5,000,000 · Wells Fargo Bank
Jun 15, 1998
—
C D Up LP
Jab (cd) Jv
Grant Deed
related
—
—
—
Forge River Tx LP
—
Deed Of Trust
related
$4,500,000 · Wells Fargo Bank
—
—
Feathercraft Realty Ltd
—
Loan Modification
related
$2,773,797 · Frost 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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