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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Office buildings
Freeman Blvd, West Columbia, TX 77486
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US82-0661447
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Total area
3,760 SF
Lot
1.39 ac (60,766 SF)
APN
2902-0001-000
UPID
US82-0661447
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
by Request
Comparable Approach
Comparable
$744k
Blend (final)
Blend
$705k
Owner & transaction history
Vvj LLC · 1 yrs held
Vvj LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+128.3%
Auto repair, garage
$495,000
+4.2%
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 West Columbia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Columbia 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
OFFICE BUILDING
$475,000
Current use
COMMERCIAL (GENERAL)
$1,090,000
Change: +128% · Conversion: Easy
AUTO REPAIR, GARAGE
$495,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$435,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$188 / 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 2018Property tax & assessments
Tax year 2018
Assessed value
$1,122,208
Assessed 2023
Previous assessed
$241,097
+365.5% YoY
Assessed land
$3,630
Assessed improvement
$1,118,578
Land market value
$3,630
Improvement market value
$1,118,578
Total market value
$1,122,208
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1976
Heating
PACKAGE
Buildings
2
Total area
3,760 SF
Lot
1.39 ac (60,766 SF)
APN
2902-0001-000
UPID
US82-0661447
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
OFFICE BUILDING Current
Est. value
$475,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$495,000
RETAIL STORES
Est. value
$435,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1976
Heating
PACKAGE
Buildings
2
Lot
1.39 ac
Current owner
From public records · entity-resolved
Vvj LLC
Entity
Mailing address
24811 BOULDER LKS CT, KATY, TX 77494-3900
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2024
—
Vvj LLC
Heritage Oaks Property LLC
Warranty Deed
—
Feb 21, 2019
—
Vvj LLC
—
Deed
related
$2,200,000 · Wells Fargo Bank NA
Oct 11, 2013
—
Vvj LLC
Pb Commercial LLC
Grant Deed
$1,650,000 · Patriot Bank NA
Oct 3, 2013
—
Pb Commercial LLC
Freeman Kati L
Grant Deed
related
—
Aug 26, 2013
—
Pb Commercial LLC
Columbia Lakes Resort & Confer
Warranty Deed
related
—
Oct 6, 2011
—
Lakes Resort Columbia
—
Deed Of Trust
related
$2,316,669 · Patriot Bank NA
Jan 20, 2010
—
Lakes Columbia
2006 Brazoria Venture LLC
Warranty Deed
$250,000 · 2006 Brazoria Venture LLC
—
—
Lakes Columbia
—
Deed Of Trust
related
$3,056,900 · Patriot Bank NA
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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