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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Warehouses
831 Weisinger Dr Magnolia, TX 77354-1590
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US83-2273787
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2014
Total area
8,976 SF
Lot
0.37 ac (16,000 SF)
Zoning code
2
APN
9495-04-35700
UPID
US83-2273787
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
-
Ultimate Biomedical Solutions Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$553k
Blend (final)
Blend
$570k
Owner & transaction history
2mw Holdings INC · 8 yrs held
2mw Holdings INC
since 2018
7 recorded transactions
Zoning & alternative use
2 · Magnolia, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$930,000
+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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$910,000
Current use
AUTO REPAIR, GARAGE
$930,000
Change: +2% · Conversion: Easy
COMMERCIAL (GENERAL)
$780,000
Change: -14% · Conversion: Difficult
OFFICE BUILDING
$750,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$64 / 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
$8,031
Tax year 2024
Assessed value
$670,000
Assessed 2024
Previous assessed
$508,740
+31.7% YoY
Effective rate
1.20%
On assessed value
Assessed land
$32,000
Assessed improvement
$638,000
Land market value
$32,000
Improvement market value
$638,000
Total market value
$670,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2014
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Total area
8,976 SF
Lot
0.37 ac (16,000 SF)
Zoning code
2
APN
9495-04-35700
UPID
US83-2273787
Jurisdiction
MONTGOMERY
Zoning & alternative use
2 · Magnolia, TX
Zoning 2 · permitted uses
2 · Magnolia, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Magnolia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$930,000
COMMERCIAL (GENERAL)
Est. value
$780,000
OFFICE BUILDING
Est. value
$750,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2014
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
2mw Holdings INC
Entity
Mailing address
6315TH FM 1488TH RD #138, MAGNOLIA, TX 77354-2526
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2022
—
2mw Holdings INC
—
Deed
related
$494,000 · Regions Bank
Jun 5, 2018
—
2mw Holdings INC
Argonaut Ents INC
Warranty Deed
$463,250 · Branch Bk&tr
Jun 29, 2017
—
Argonaut Enterprises INC
—
Deed
related
$442,000 · Mercantil Bank NA
Sep 16, 2014
—
Jhenry Investments LLC
Oconnor,gary JR
Grant Deed
related
—
Sep 8, 2014
—
Gary O'connor JR.
Henry,james & Regina
Grant Deed
related
—
Apr 22, 2013
—
James Henry
Del Papa Ventures Ltd
Warranty Deed
related
—
Apr 17, 2006
—
Del Papa Ventures Ltd
Rogers,alexander L JR & Linda
Warranty Deed
related
—
—
—
Henry,james L
—
Loan Modification
related
$281,978 · Prosperity Bk
—
—
James L Henry
—
Deed Of Trust
related
$301,600 · First Victoria National Bank
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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