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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Commercial real estate
1201 Many Pnes Rd, Spring, TX 77380-3963
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-2455278
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1985
Construction
FRAME
Total area
5,964 SF
Lot
0.84 ac (36,808 SF)
Zoning code
6
APN
9728-52-00500
UPID
US83-2455278
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
$950k
Comparable Approach
Comparable
$940k
Blend (final)
Blend
$945k
Owner & transaction history
Artgrig Investments LLC · 4 yrs held
Artgrig Investments LLC
since 2021
5 recorded transactions
Zoning & alternative use
6 · Spring, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.5M
+153.0%
Warehouse, storage
$625,000
+5.3%
Restaurant
$605,000
+1.4%
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 Spring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring 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%
$1,030,000
6.5%
$950,000
7%
$880,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$595,000
Current use
INDUSTRIAL (GENERAL)
$1,505,000
Change: +153% · Conversion: Moderate
WAREHOUSE, STORAGE
$625,000
Change: +5% · Conversion: Difficult
RESTAURANT
$605,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±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
$158 / 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
$23,771
Tax year 2024
Assessed value
$1,244,316
Assessed 2024
Previous assessed
$1,431,560
-13.1% YoY
Effective rate
1.91%
On assessed value
Assessed land
$736,160
Assessed improvement
$508,156
Land market value
$736,160
Improvement market value
$508,156
Total market value
$1,244,316
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1985
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
2
Total area
5,964 SF
Lot
0.84 ac (36,808 SF)
Zoning code
6
APN
9728-52-00500
UPID
US83-2455278
Jurisdiction
MONTGOMERY
Zoning & alternative use
6 · Spring, TX
Zoning 6 · permitted uses
6 · Spring, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$595,000
INDUSTRIAL (GENERAL)
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$625,000
RESTAURANT
Est. value
$605,000
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
RESTAURANT
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
1985
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Bathrooms
2
Lot
0.84 ac
Current owner
From public records · entity-resolved
Artgrig Investments LLC
Entity
Mailing address
1439 COLINA DR, GLENDALE, CA 91208-2410
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Sep 2, 2021
—
Artgrig Investments LLC
—
Deed
related
$825,000 · Wells Fargo Bank NA
May 14, 2010
—
La Petite Academy INC
—
Deed Of Trust
related
$200,000,000 · Wilmington Trust Fsb
—
—
La Petite Academy INC
—
Deed Of Trust
related
—
—
—
La Petite Academy INC
—
Deed Of Trust
related
—
—
—
La Petite Academy INC
—
Deed Of Trust
related
—
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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