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Property profile & analytics
OFF-MARKET
Estimated value
$2,460,000
Warehouses
1150 Mccaleb N Rd Montgomery, TX 77356
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-2289429
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Total area
16,600 SF
Lot
18.58 ac (809,345 SF)
Zoning code
1
APN
0009-00-92100
UPID
US83-2289429
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
-
Mattress By Appointment Montgomery TX Furniture & Home Goods
-
DK Powersports Car Dealership Motorcycle Shop
-
WALLIN PLUMBING, LLC Plumbing Service General Contractor
-
ProDek Customs Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Farmers Insurance - Luke Bortz Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.55M
Comparable Approach
Comparable
$2.37M
Blend (final)
Blend
$2.46M
Owner & transaction history
Milstead PC Investments LLC · 11 yrs held
Milstead PC Investments LLC
since 2015
6 recorded transactions
Zoning & alternative use
1 · Montgomery, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.0M
+45.2%
Restaurant
$1.9M
+40.8%
Office building
$1.7M
+27.5%
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 Montgomery submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montgomery 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%
$2,760,000
6.5%
$2,545,000
7%
$2,365,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,970,000
Change: +45% · Conversion: Difficult
RESTAURANT
$1,910,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$1,730,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,655,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,515,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$2.46M
Range $2.21M – $2.71M · ±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
$148 / 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
$234,392
Tax year 2024
Assessed value
$17,000,000
Assessed 2024
Previous assessed
$14,750,000
+15.3% YoY
Effective rate
1.38%
On assessed value
Assessed land
$3,237,379
Assessed improvement
$13,762,621
Land market value
$3,237,379
Improvement market value
$13,762,621
Total market value
$17,000,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
8
Total area
16,600 SF
Lot
18.58 ac (809,345 SF)
Zoning code
1
APN
0009-00-92100
UPID
US83-2289429
Jurisdiction
MONTGOMERY
Zoning & alternative use
1 · Montgomery, TXZoning 1 · permitted uses
1 · Montgomery, TX
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
RESTAURANT
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2021
Heating
FORCED AIR
Cooling
Yes
Buildings
8
Lot
18.58 ac
Current owner
From public records · entity-resolved
Milstead PC Investments LLC
Entity
Mailing address
718 HONEA EGYPT RD, MAGNOLIA, TX 77354-2394
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2016
—
Milstead P C Investments LLC
—
Deed
related
$3,025,300 · Jp Morgan Chase Bk
Jan 21, 2015
—
Milstead PC Investments LLC
Milstead,ken
Quit Claim Deed
related
$2,500,000 · Jp Morgan Chase Bk
Dec 9, 2008
—
Ken Milstead
Dinkins,david & Lisha
Warranty Deed
related
—
Nov 2, 2007
—
David Dinkins
Lindee Marguerite P
Warranty Deed
related
—
—
—
Milstead P C Investments LLC
—
Deed Of Trust
related
$3,025,300 · Jp Morgan Chase Bk
—
—
Kenneth W Milstead
—
Deed Of Trust
related
$1,000,000 · J P Morgan Chase Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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