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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Showrooms
Washington Palm Dr Penitas, TX 78576
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US82-8685268
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2019
Total area
9,100 SF
Lot
1.04 ac (45,420 SF)
Zoning code
CO
APN
P9279-01-000-0029-00
UPID
US82-8685268
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
$1.42M
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.30M
Owner & transaction history
Eagle Ventures Texas LLC · 1 yrs held
Eagle Ventures Texas LLC
since 2025
7 recorded transactions
Zoning & alternative use
CO · Penitas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Penitas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Penitas 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%
$1,535,000
6.5%
$1,420,000
7%
$1,315,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,520,000
Current use
AUTO REPAIR, GARAGE
$1,235,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±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
$142 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$15,845
Tax year 2022
Assessed value
$728,997
Assessed 2023
Previous assessed
$728,997
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$181,676
Assessed improvement
$547,321
Land market value
$181,676
Improvement market value
$547,321
Total market value
$728,997
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2019
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
9,100 SF
Lot
1.04 ac (45,420 SF)
Zoning code
CO
APN
P9279-01-000-0029-00
UPID
US82-8685268
Jurisdiction
HIDALGO
Zoning & alternative use
CO · Penitas, TX
Zoning CO · permitted uses
CO · Penitas, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Penitas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
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
2019
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Eagle Ventures Texas LLC
Entity
Mailing address
9045 TREETOP WAY NW, CONCORD, NC 28027-0275
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2025
—
Eagle Ventures Texas LLC
Lilian G Altemus Revocable Trust
Special Warranty Deed
—
Jan 10, 2022
—
Lillian G Altemus
Lillian G Altemus
Intrafamily Transfer
related
—
Aug 2, 2019
—
Lillian G Altemus
Dgogpenitastx10032018 LLC
Grant Deed
—
Jan 25, 2019
—
Dgogpenitastx10032018 LLC
Olivares,roberto A
Warranty Deed
$888,837 · West Plains Bk&tr
Jun 13, 2014
—
Roberto A Olivares
Solis,roberto O
Quit Claim Deed
related
—
Jul 17, 2012
—
Roberto O Solis
Iglesias,jesus O & Dora E
Warranty Deed
—
—
—
Roberto A Olivares
—
Deed Of Trust
related
$36,000 · Lone Star Nat'l 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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