Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$11,685,000
Commercial real estate
817 Ritchie Rd Lorena, TX 76655-3298
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-8648281
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2017
Construction
STEEL FRAME
Total area
83,141 SF
Lot
12.57 ac (547,549 SF)
Zoning code
R1
APN
360774000016003
UPID
US82-8648281
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
$12.67M
Comparable Approach
Comparable
$10.71M
Blend (final)
Blend
$11.69M
Owner & transaction history
Sbs Central Tx 2021 LLC · 5 yrs held
Sbs Central Tx 2021 LLC
since 2021
5 recorded transactions
Zoning & alternative use
R1 · Lorena, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.7M
+60.8%
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 Lorena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lorena 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%
$13,720,000
6.5%
$12,665,000
7%
$11,760,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,540,000
Current use
OFFICE BUILDING
$13,725,000
Change: +61% · Conversion: Easy
Blend value · Realmo final
$11.69M
Range $10.52M – $12.85M · ±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
$141 / 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
$103,430
Tax year 2022
Assessed value
$7,401,000
Assessed 2023
Previous assessed
$7,401,000
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$302,250
Assessed improvement
$7,098,750
Land market value
$302,250
Improvement market value
$7,098,750
Total market value
$7,401,000
Applied tax rate
36.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Total area
83,141 SF
Lot
12.57 ac (547,549 SF)
Zoning code
R1
APN
360774000016003
UPID
US82-8648281
Jurisdiction
MCLENNAN
Zoning & alternative use
R1 · Lorena, TXZoning R1 · permitted uses
R1 · Lorena, 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) Current
Est. value
$8.5M
OFFICE BUILDING
Est. value
$13.7M
COMMERCIAL (GENERAL) Current
OFFICE 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
2017
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Lot
12.57 ac
Current owner
From public records · entity-resolved
Sbs Central Tx 2021 LLC
Entity
Mailing address
4045 PECOS ST STE #201, DENVER, CO 80211-2567
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 29, 2024
—
Sbs Central Tx 2021 LLC
—
Deed
related
$485,000,000 · Jpmorgan Chase Bank NA
Sep 22, 2022
—
Sbs Central Tx 2021 LLC
—
Deed
related
$462,500,000 · Bank Of America NA
Jul 14, 2021
—
Sbs Central Tx 2021 LLC
Swanson Granpops Kids Ltd
Special Warranty Deed
—
Jul 31, 2017
—
Swanson Granpops Kids Ltd
Southwell,donna
Warranty Deed
related
—
Oct 5, 2007
—
Donna Southwell
Ziegelt,wanda
Warranty Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 817 Ritchie Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
