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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Commercial real estate
60 Boat Launch Rd Pointblank, TX 77364-7211
Individually Owned
Absentee Owner
Free & Clear
Property ID
US82-7022915
Property summary
AI-generated overview
Exceptional investment opportunity: 1.5-acre commercial land in Point Blank, Texas (77364), featuring approximately 13,536 square feet of metal canopies providing 28 covered boat/RV storage spaces renting at $125/month each, and 10 uncovered spaces at $45/month each. A mobile home on the property generates an additional $700/month in rental income. The property boasts key pad gate entry, 24/7 access, video surveillance, and ample additional land for expansion or further development. Its prime location offers excellent visibility on Boat Launch Road, less than 100 meters from US Highway 190, and minutes from Lake Livingston. San Jacinto County location within the Coldspring-Oakhurst CISD, with a 2023 tax rate of $1.41 per $100 of assessed value. Asking price: $499,000 ($36.86/sq ft). This property presents a strong cash flow with significant upside potential.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1978
Total area
13,536 SF
Lot
1.5 ac (65,340 SF)
APN
43624
UPID
US82-7022915
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
-
Rite-Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$545k
Owner & transaction history
Redden Larry
Redden Larry
since 2026
1 recorded transaction
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 Pointblank submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pointblank 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
$40 / 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
$2,095
Tax year 2022
Assessed value
$140,470
Assessed 2024
Previous assessed
$134,990
+4.1% YoY
Effective rate
1.49%
On assessed value
Assessed land
$31,730
Assessed improvement
$108,740
Land market value
$31,730
Improvement market value
$108,740
Total market value
$140,470
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1978
Heating
NONE
Bathrooms
1
Total area
13,536 SF
Lot
1.5 ac (65,340 SF)
APN
43624
UPID
US82-7022915
Jurisdiction
SAN JACINTO
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
1978
Heating
NONE
Bathrooms
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Redden Larry
Individual
Free & Clear · 0 yrs held
Mailing address
24503 KATEX BLVD, KATY, TX 77493-5807
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Apr 1, 2026
—
Redden Larry
Leat Properties LLC
Warranty Deed
—
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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