New search
Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Retail space
9511 Fm 1488th Rd, Magnolia, TX 77354-4553
Entity Owned
1-yr Hold
Free & Clear
Property ID
US83-2383348
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2019
Total area
20,026 SF
Lot
2.5 ac (108,900 SF)
APN
6791-05-37101
UPID
US83-2383348
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
-
Galindo's Barbershop Magnolia Barber Shop
-
Dollar Tree Discount Store
-
Sweetwaters Coffee & Tea Cafe & Coffee Shop
-
Windcrest Village Square Business Service Center Corporate Office
-
Revolution Aesthetics and Wellness Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$976k
Blend (final)
Blend
$750k
Owner & transaction history
Blackrock Investments And Re LLC · 1 yrs held
Blackrock Investments And Re LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+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
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,105,000
Current use
MEDICAL BUILDING
$1,175,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$37 / 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
$49,229
Tax year 2024
Assessed value
$3,399,580
Assessed 2024
Previous assessed
$3,171,110
+7.2% YoY
Effective rate
1.45%
On assessed value
Assessed land
$871,200
Assessed improvement
$2,528,380
Land market value
$871,200
Improvement market value
$2,528,380
Total market value
$3,399,580
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
2019
Heating
FORCED AIR
Cooling
CENTRAL
Total area
20,026 SF
Lot
2.5 ac (108,900 SF)
APN
6791-05-37101
UPID
US83-2383348
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
$1.1M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES Current
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
2019
Heating
FORCED AIR
Cooling
Yes
Lot
2.5 ac
Current owner
From public records · entity-resolved
Blackrock Investments And Re LLC
Entity
Free & Clear · 1 yrs held
Mailing address
12818 LOTT AVE, HOUSTON, TX 77089-1702
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2025
—
Blackrock Investments And Re LLC
Windcrest Fm 1488 Center Holdings L
Warranty Deed
—
Feb 12, 2024
—
Windcrest Fm 1488 Center Holdings L
—
Deed
related
$1,200,000 · Security Service FCU
Feb 25, 2022
—
Windcrest Equity LLC
Windcrest Fm 1488 Village Square Ll
Venders Lien
$4,500,000 · Third Coast Bank Ssb
Dec 1, 2020
—
Windcrest Fm 1488 Vlg Square L
—
Deed
related
$385,804 · Spirit Of Tx Bk Ssb
Oct 23, 2020
—
Windcrest Fm 1488 Vlg Square L
—
Deed
related
$198,820 · Spirit Of Tx Bk Ssb
Jun 24, 2020
—
Windcrest Fm 1488 Vlg Square L
—
Deed
related
$2,621,179 · Spirit Of Tx Bk Ssb
Sep 27, 2018
—
Windcrest Fm 1488 Vlg Square L
—
Deed Of Trust
related
$2,820,000 · Spirit/tx Bk
Sep 21, 2018
—
Windcrest Fm1488 Vlg Square Ll
Woodlands Spanish Oaks Ltd
Grant Deed
related
—
Jun 15, 2018
—
Village Square LLC
Work Hub Developments LLC
Warranty Deed
—
Mar 26, 2018
—
Work Hub Devs LLC-work Hu 1488
Castlewood Properties INC
Grant Deed
—
Apr 6, 2006
—
Castlewood Properties INC
Affordable Busn Ctrs Ptshp LLC
Grant Deed
$338,134 · Texas Community Bank & Trust
—
—
Windcrest Fm 1488 Vlg Square L
—
Loan Modification
related
$2,621,179 · Spirit Of Tx Bk Ssb
—
—
Windcrest Fm 1488 Vlg Square L
—
Deed Of Trust
related
$385,804 · Spirit Of Tx Bk Ssb
—
—
Windcrest Fm 1488 Vlg Square L
—
Loan Modification
related
$198,820 · Spirit Of Tx Bk Ssb
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 9511 Fm 1488th 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.
