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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Retail space
6318 Fm 1488th Rd, Magnolia, TX 77354-2763
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US83-2406566
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Total area
14,592 SF
Lot
1.72 ac (75,054 SF)
APN
9495-03-04000
UPID
US83-2406566
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
-
West Woodlands Physical Therapy Physician
-
Nicole Sontheimer Physician
-
Allison Rourke Physician
-
Magnolia Dental Assistant School Vocational School Training Center
-
Dr. Ausin Baker Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$835k
Owner & transaction history
Scg Pinewood Plaza LLC · 4 yrs held
Scg Pinewood Plaza LLC
since 2021
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+56.9%
Office building
$1.2M
+51.3%
Medical building
$855,000
+6.2%
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 Magnolia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Magnolia 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
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$805,000
Current use
COMMERCIAL (GENERAL)
$1,265,000
Change: +57% · Conversion: Easy
OFFICE BUILDING
$1,220,000
Change: +51% · Conversion: Easy
MEDICAL BUILDING
$855,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$835k
Range $752k – $919k · ±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
$57 / 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
$55,684
Tax year 2024
Assessed value
$3,900,000
Assessed 2024
Previous assessed
$3,527,190
+10.6% YoY
Effective rate
1.43%
On assessed value
Assessed land
$966,504
Assessed improvement
$2,933,496
Land market value
$966,504
Improvement market value
$2,933,496
Total market value
$3,900,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Total area
14,592 SF
Lot
1.72 ac (75,054 SF)
APN
9495-03-04000
UPID
US83-2406566
Jurisdiction
MONTGOMERY
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
RETAIL STORES Current
Est. value
$805,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$855,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2004
Heating
FORCED AIR
Cooling
Yes
Lot
1.72 ac
Current owner
From public records · entity-resolved
Scg Pinewood Plaza LLC
Entity
Mailing address
3715 NORTHSIDE PKWY NW BLDG 200-650, ATLANTA, GA 30327-2843
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2021
—
Scg Pinewood Plaza LLC
Pwi Partners LP
Special Warranty Deed
—
Aug 28, 2014
—
Pw1 Partners LP
Cmp Faith LP
Grant Deed
$2,450,000 · Genworth Life & Annuity Ins Co
Mar 18, 2004
—
Cmp Faith LP
Lee,wen-hwa & Yu-chin
Grant Deed
$1,625,700 · Coastal Banc Savings Assn
—
—
Cmp Faith LP
—
Deed Of Trust
related
$1,627,000 · Bank Texas NA
—
—
Cmp Faith LP
—
Loan Modification
related
$1,489,886 · Bank Of Texas NA
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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