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Property profile & analytics
OFF-MARKET
Estimated value
$1,265,000
Warehouses
1105 Main St Highlands, TX 77562-2631
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-5624131
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Construction
METAL FRAME
Total area
13,440 SF
Lot
2.7 ac (117,551 SF)
APN
591370000621
UPID
US82-5624131
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
-
Tubular Makeup Technology Inc Oilfield
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.27M
Owner & transaction history
M-2 Properties LLC · 12 yrs held
M-2 Properties LLC
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.9M
+117.3%
Retail stores
$1.6M
+78.3%
Restaurant
$1.3M
+48.3%
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 Highlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highlands 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
WAREHOUSE, STORAGE
$885,000
Current use
OFFICE BUILDING
$1,925,000
Change: +117% · Conversion: Difficult
RETAIL STORES
$1,575,000
Change: +78% · Conversion: Moderate
RESTAURANT
$1,310,000
Change: +48% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,215,000
Change: +37% · Conversion: Easy
MEDICAL BUILDING
$885,000
Change: +0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$830,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±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
$94 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,955
Tax year 2023
Assessed value
$1,461,764
Assessed 2024
Previous assessed
$1,461,764
+0.0% YoY
Effective rate
0.54%
On assessed value
Assessed land
$547,806
Assessed improvement
$913,958
Land market value
$547,806
Improvement market value
$913,958
Total market value
$1,461,764
Applied tax rate
16.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Construction
METAL FRAME
Heating
RADIANT
Cooling
NONE
Buildings
1
Total area
13,440 SF
Lot
2.7 ac (117,551 SF)
APN
591370000621
UPID
US82-5624131
Jurisdiction
HARRIS
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
$885,000
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.6M
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$885,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$830,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2007
Construction
METAL FRAME
Heating
RADIANT
Cooling
Yes
Buildings
1
Lot
2.7 ac
Current owner
From public records · entity-resolved
M-2 Properties LLC
Entity
Mailing address
115 DEER LK RD, HUFFMAN, TX 77336-2812
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2013
—
M-2 Properties LLC
Magee,earl L & Lorrie R
Warranty Deed
related
—
Jan 25, 2007
—
Leasing
Witten,j W
Warranty Deed
$925,000 · Woodforest National Bank
—
—
M-2 Mega Properties LLC
—
Loan Modification
related
$500,000 · Community Bk/tx
—
—
M-2 Mega Properties LLC
—
Deed Of Trust
related
$1,000,000 · Community Bk/tx
—
—
M-2 Mega Properties LLC
—
Deed Of Trust
related
$500,000 · Community Bk/tx
—
—
M-2 Mega Properties LLC
—
Loan Modification
related
$348,922 · Community Bk/tx
—
—
M-2 Mega Properties LLC
—
Loan Modification
related
$170,333 · Community Bk/tx
—
—
M-2 Mega Properties LLC
—
Loan Modification
related
$300,000 · Community Bk/tx
—
—
M-2 Mega Properties LLC
—
Loan Modification
related
$133,666 · Community Bk/tx
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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