New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,680,000
Office buildings
100 Interstate 45th N, Conroe, TX 77301-2890
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US83-2383500
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Total area
71,606 SF
Lot
5.63 ac (245,025 SF)
Zoning code
1
APN
0289-00-02315
UPID
US83-2383500
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
-
Farmers Insurance - Joel Bowley Insurance Agency
-
Jbt Aerotech Services Factory Production Facility
-
Peach Creek Plantation Ltd Association Or Organization
-
Inter Recycling Recycling Center Waste Management Facility
-
Pressure Washing Of Conroe Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.68M
Owner & transaction history
100 I-45 North LLC · 13 yrs held
100 I-45 North LLC
since 2012
7 recorded transactions
Zoning & alternative use
1 · Conroe, 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 Conroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conroe 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$105,397
Tax year 2024
Assessed value
$5,000,000
Assessed 2024
Previous assessed
$5,500,000
-9.1% YoY
Effective rate
2.11%
On assessed value
Assessed land
$1,960,304
Assessed improvement
$3,039,696
Land market value
$1,960,304
Improvement market value
$3,039,696
Total market value
$5,000,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1975
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Bathrooms
4
Total area
71,606 SF
Lot
5.63 ac (245,025 SF)
Zoning code
1
APN
0289-00-02315
UPID
US83-2383500
Jurisdiction
MONTGOMERY
Zoning & alternative use
1 · Conroe, TX
Zoning 1 · permitted uses
1 · Conroe, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Conroe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Heating
FORCED AIR
Cooling
Yes
Buildings
6
Bathrooms
4
Lot
5.63 ac
Current owner
From public records · entity-resolved
100 I-45 North LLC
Entity
Mailing address
2 FINANCIAL PLZ STE #740, HUNTSVILLE, TX 77340-3559
Ownership since
2012
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
Oct 4, 2016
—
100 I-45 North LLC
—
Deed
related
$8,200,000 · Guaranty Bk
Jun 23, 2016
—
100 I-45 North LLC
—
Deed
related
$2,000,000 · Guaranty Bk
Aug 21, 2012
—
100 I-45 North LLC
Wells Fargo Bank NA
Special Warranty Deed
$3,000,000 · First Financial Bank NA
Apr 3, 2012
—
Wells Fargo Bank NA
Bracey Kristi H
Grant Deed
related
—
Jan 5, 2007
—
100 North Freeway Invs LLC
Huntsville Investments LLC
Grant Deed
$7,500,000 · J P Morgan Chase Bank
—
—
100 I-45 North LLC
—
Deed Of Trust
related
—
—
—
100 I-45 North LLC
—
Deed Of Trust
related
$2,000,000 · Guaranty Bk
—
—
100 I-45 North LLC
—
Deed Of Trust
related
$8,200,000 · Guaranty 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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