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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Office buildings
1125 Bch Airport Rd, Conroe, TX 77301-7169
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US83-2461079
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2011
Construction
CONCRETE BLOCKS
Total area
5,200 SF
Lot
17.93 ac (780,857 SF)
Zoning code
1
APN
0661-00-00400
UPID
US83-2461079
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
-
Turbo Drill Industries Construction Company General Contractor
-
CAM RV Transportation Service Freight Service Logistics Company
-
Scout Downhole Inc Oil & Natural Gas Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$775k
CAP Approach
CAP
$1.00M
Comparable Approach
Comparable
$667k
Blend (final)
Blend
$720k
Owner & transaction history
Turbo Drill Industries INC · 3 yrs held
Turbo Drill Industries INC
since 2022
5 recorded transactions
Zoning & alternative use
1 · Conroe, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$710,000
+86.6%
Restaurant
$620,000
+62.8%
Auto repair, garage
$500,000
+31.8%
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
Method
Estimation
Statistic approach
by Request
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
$1,085,000
6.5%
$1,000,000
7%
$930,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$710,000
Change: +87% · Conversion: Easy
RESTAURANT
$620,000
Change: +63% · Conversion: Moderate
AUTO REPAIR, GARAGE
$500,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$470,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$138 / 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
$130,037
Tax year 2024
Assessed value
$7,300,000
Assessed 2024
Previous assessed
$6,785,830
+7.6% YoY
Effective rate
1.78%
On assessed value
Assessed land
$1,459,348
Assessed improvement
$5,840,652
Land market value
$1,459,348
Improvement market value
$5,840,652
Total market value
$7,300,000
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
2011
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
1
Bathrooms
3
Total area
5,200 SF
Lot
17.93 ac (780,857 SF)
Zoning code
1
APN
0661-00-00400
UPID
US83-2461079
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$710,000
RESTAURANT
Est. value
$620,000
AUTO REPAIR, GARAGE
Est. value
$500,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$470,000
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2011
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
6
Bathrooms
3
Lot
17.93 ac
Current owner
From public records · entity-resolved
Turbo Drill Industries INC
Entity
Mailing address
1125 BCH AIRPORT RD, CONROE, TX 77301-7169
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2025
—
Turbo Drill Industries INC
—
Deed
related
—
Dec 29, 2022
—
Turbo Drill Industries INC
Ken Wenzel
Venders Lien
$7,159,200 · First Financial Bank NA
Aug 22, 2008
—
Ken Wenzel
Lanclos,justine A
Warranty Deed
—
—
—
Justine A Lanclos
—
Deed Of Trust
related
$50,000 · Amegy Bank NA
—
—
Justine A Lanclos
—
Deed Of Trust
related
$50,000 · Money Store INC
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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