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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Warehouses
11739 Hwy 75, Willis, TX 77378-5740
Entity Owned
2-yr Hold
Free & Clear
Property ID
US83-2308538
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
10,250 SF
Lot
1 ac (43,560 SF)
APN
0248-01-01635
UPID
US83-2308538
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
$975k
Comparable Approach
Comparable
$973k
Blend (final)
Blend
$975k
Owner & transaction history
11737 Nh 75 Willis LLC · 2 yrs held
11737 Nh 75 Willis LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+47.7%
Restaurant
$1.2M
+13.1%
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 Willis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Willis 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%
$1,055,000
6.5%
$975,000
7%
$905,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,080,000
Current use
COMMERCIAL (GENERAL)
$1,595,000
Change: +48% · Conversion: Difficult
RESTAURANT
$1,220,000
Change: +13% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$930,000
Change: -14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$915,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±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
$95 / 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
$9,503
Tax year 2024
Assessed value
$720,995
Assessed 2024
Previous assessed
$584,530
+23.3% YoY
Effective rate
1.32%
On assessed value
Assessed land
$65,340
Assessed improvement
$655,655
Land market value
$65,340
Improvement market value
$655,655
Total market value
$720,995
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
1999
Heating
NONE
Cooling
NONE
Buildings
3
Bathrooms
2
Total area
10,250 SF
Lot
1 ac (43,560 SF)
APN
0248-01-01635
UPID
US83-2308538
Jurisdiction
MONTGOMERY
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
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RESTAURANT
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$930,000
AUTO REPAIR, GARAGE
Est. value
$915,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1999
Heating
NONE
Cooling
Yes
Buildings
3
Bathrooms
2
Lot
1 ac
Current owner
From public records · entity-resolved
11737 Nh 75 Willis LLC
Entity
Free & Clear · 2 yrs held
Mailing address
11739 N HWY 75, WILLIS, TX 77378-5740
Ownership since
2024
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 6, 2025
—
Willis LLC
—
Deed
related
$1,310,000 · Jenelle Hellekson
May 9, 2024
—
11737 Nh 75 Willis LLC
The Czar Group LLC
Special Warranty Deed
—
Dec 20, 2012
—
Caney Creek Real Estate LLC
Beauregard,david G & Jenier L
Warranty Deed
—
—
—
David G Beauregard
—
Deed Of Trust
related
$160,000 · First Bank Conroe NA
—
—
David G Beauregard
—
Deed Of Trust
related
$19,592 · First Bank Conroe NA
—
—
David G Beauregard
—
Deed Of Trust
related
$160,000 · First Bank Conroe NA
—
—
David G Beauregard
—
Deed Of Trust
related
$85,000 · First Bank Conroe NA
—
—
David G Beauregard
—
Deed Of Trust
related
$115,149 · First Bank Conroe NA
—
—
David G Beauregard
—
Deed Of Trust
related
$85,000 · First Bank Conroe NA
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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