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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Warehouses
8215 Fm 1488th Rd Magnolia, TX 77354-1628
Individually Owned
6-yr Hold
Absentee Owner
Property ID
US83-2336770
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2022
Total area
6,140 SF
Lot
24.36 ac (1,061,209 SF)
APN
0225-00-00103
UPID
US83-2336770
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
-
Desertaire Portable - Portable Air Conditioners and Dehumidifiers Houston, Texas Hardware & Home Improvement HVAC Service
-
Tall Pines Storage Storage Facility
-
Maid For Muddy Paws, LLC Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
$940k
Comparable Approach
Comparable
$958k
Blend (final)
Blend
$950k
Owner & transaction history
Ronald Taylor · 6 yrs held
Ronald Taylor
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$730,000
+17.1%
Restaurant
$705,000
+13.6%
Auto repair, garage
$635,000
+2.2%
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
$800,000
CAP Approach
CAP Return
Estimation
6%
$1,020,000
6.5%
$940,000
7%
$875,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$620,000
Current use
APARTMENT HOUSE (5+ UNITS)
$730,000
Change: +17% · Conversion: Difficult
RESTAURANT
$705,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$635,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±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
$155 / 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
$63,135
Tax year 2024
Assessed value
$13,304,810
Assessed 2024
Previous assessed
$3,999,160
+232.7% YoY
Effective rate
0.47%
On assessed value
Assessed land
$3,450,620
Assessed improvement
$9,854,190
Land market value
$3,450,620
Improvement market value
$9,854,190
Total market value
$13,304,810
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Heating
ELECTRIC
Cooling
CENTRAL
Buildings
2
Total area
6,140 SF
Lot
24.36 ac (1,061,209 SF)
APN
0225-00-00103
UPID
US83-2336770
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
WAREHOUSE, STORAGE Current
Est. value
$620,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$730,000
RESTAURANT
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$635,000
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
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
2022
Heating
ELECTRIC
Cooling
Yes
Buildings
2
Lot
24.36 ac
Current owner
From public records · entity-resolved
Ronald Taylor
Individual
Mailing address
2055 3RD AVE STE #200, SAN DIEGO, CA 92101-2058
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2020
—
Ronald Taylor
William P Garrigan
Warranty Deed
related
—
Dec 27, 2018
—
Tp1488 LLC
Lindsey Interests LLC
Warranty Deed
related
—
Oct 6, 2009
$2,163,000
Rockbridge Coml Bk
Howard Kristi
Trustees Deed
related
—
—
—
Lindsey Interests LLC
—
Loan Modification, Consolidation And Extension
related
$743,149 · Independence Bk
—
—
Texas Grand Market Corp
—
Deed Of Trust
related
$3,035,000 · Rockbridge Commercial Bank
—
—
Lindsey Interests LLC
—
Loan Modification, Consolidation And Extension
related
$283,797 · Independence Bk
—
—
Lindsey Interests LLC
—
Deed Of Trust
related
$900,000 · Allegiance 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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