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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Warehouses
921 Shanks St Clute, TX 77531-5630
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-4737996
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1970
Total area
8,650 SF
Lot
2.08 ac (90,518 SF)
APN
2114-0318-000
UPID
US82-4737996
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
$850k
Comparable Approach
Comparable
$898k
Blend (final)
Blend
$875k
Owner & transaction history
Ftpi 921 Shanks St LLC · 2 yrs held
Ftpi 921 Shanks St LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+84.9%
Restaurant
$1.2M
+79.8%
Auto repair, garage
$1.1M
+62.1%
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 Clute submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clute 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%
$920,000
6.5%
$850,000
7%
$790,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$660,000
Current use
OFFICE BUILDING
$1,215,000
Change: +85% · Conversion: Difficult
RESTAURANT
$1,185,000
Change: +80% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,065,000
Change: +62% · Conversion: Easy
MEDICAL BUILDING
$780,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$760,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$101 / 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
$33,312
Tax year 2024
Assessed value
$1,800,190
Assessed 2024
Previous assessed
$1,728,690
+4.1% YoY
Effective rate
1.85%
On assessed value
Assessed land
$282,420
Assessed improvement
$1,517,770
Land market value
$282,420
Improvement market value
$1,517,770
Total market value
$1,800,190
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Heating
PACKAGE
Buildings
5
Rooms
28
Total area
8,650 SF
Lot
2.08 ac (90,518 SF)
APN
2114-0318-000
UPID
US82-4737996
Jurisdiction
BRAZORIA
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
$660,000
OFFICE BUILDING
Est. value
$1.2M
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$780,000
RETAIL STORES
Est. value
$760,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1970
Heating
PACKAGE
Buildings
5
Rooms
28
Lot
2.08 ac
Current owner
From public records · entity-resolved
Ftpi 921 Shanks St LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5114 AUGUST ST, ALVIN, TX 77511-7711
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2023
—
Ftpi 921 Shanks St LLC
Gold Coast Equity LLC
Deed
—
Jul 1, 2021
—
Lapierre Johnson Investments LLC
American Savings Life Insurance Com
Venders Lien
$574,000 · American Savings Life Insurance Co
Jul 9, 2020
$800,000
American Svgs Life Ins Co
Poston Patricia|mal-hadr LLC
Foreclosure
related
—
Jul 24, 2019
—
Mal-hadr LLC
—
Deed
related
$757,500 · Miscellaneous Ins Co
Sep 12, 2017
—
Mal-hadr LLC
—
Deed
related
$594,890 · Texas Dow Emp Cu
Sep 25, 2009
—
Mal-hadr LLC
Mal-hadr Ltd
Quit Claim Deed
related
$609,000 · Texas Dow Emp Cu
—
—
Mal-hadr LLC
—
Loan Modification
related
$534,675 · Texas Dow Emp Cu
—
—
Mal-hadr LLC
—
Deed Of Trust
related
$757,500 · Miscellaneous Ins Co
—
—
Mal-hadr Ltd
—
Deed Of Trust
related
$500,000 · Texas Dow Employees Cu
—
—
Mal-hadr LLC
—
Loan Modification
related
$534,675 · Texas Dow Emp Cu
—
—
Mal-hadr LLC
—
Loan Modification
related
$594,890 · Texas Dow Emp Cu
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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