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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Retail space
1201 Lk Woodlands Dr The Woodlands, TX 77380-5000
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US83-2330545
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Construction
FRAME
Total area
13,301 SF
Lot
31.65 ac (1,378,805 SF)
Zoning code
6
APN
9708-00-00100
UPID
US83-2330545
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
$745k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$942k
Blend (final)
Blend
$845k
Owner & transaction history
Woodlands Mall Associates LLC · 16 yrs held
Woodlands Mall Associates LLC
since 2010
1 recorded transaction
Zoning & alternative use
6 · The Woodlands, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.4M
+131.0%
Restaurant
$1.3M
+122.5%
Commercial (general)
$1.3M
+119.4%
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 The Woodlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs The Woodlands 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
$745,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$605,000
Current use
WAREHOUSE, STORAGE
$1,400,000
Change: +131% · Conversion: Difficult
RESTAURANT
$1,345,000
Change: +122% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,330,000
Change: +119% · Conversion: Easy
OFFICE BUILDING
$1,200,000
Change: +98% · Conversion: Easy
AUTO REPAIR, GARAGE
$850,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$775,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$64 / 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
$3,445,869
Tax year 2024
Assessed value
$200,313,659
Assessed 2024
Previous assessed
$193,360,000
+3.6% YoY
Effective rate
1.72%
On assessed value
Assessed land
$34,469,573
Assessed improvement
$165,844,086
Land market value
$34,469,573
Improvement market value
$165,844,086
Total market value
$200,313,659
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2003
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
14
Bathrooms
3
Total area
13,301 SF
Lot
31.65 ac (1,378,805 SF)
Zoning code
6
APN
9708-00-00100
UPID
US83-2330545
Jurisdiction
MONTGOMERY
Zoning & alternative use
6 · The Woodlands, TX
Zoning 6 · permitted uses
6 · The Woodlands, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
The Woodlands. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$605,000
WAREHOUSE, STORAGE
Est. value
$1.4M
RESTAURANT
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$850,000
MEDICAL BUILDING
Est. value
$775,000
RETAIL STORES Current
WAREHOUSE, STORAGE
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2003
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
14
Bathrooms
3
Lot
31.65 ac
Current owner
From public records · entity-resolved
Woodlands Mall Associates LLC
Entity
Mailing address
PO BOX 101042, CHICAGO, IL 60610-8900
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2010
—
Woodlands Mall Associates LLC
—
Deed Of Trust
related
$240,000,000 · Wachovia Bank Trust 2006-c26
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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