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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Warehouses
12681 Fm 149th Rd Montgomery, TX 77316-9275
Individually Owned
18-yr Hold
Free & Clear
Property ID
US83-2512559
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2012
Total area
5,060 SF
Lot
30.11 ac (1,311,635 SF)
APN
0022-00-00900
UPID
US83-2512559
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
-
Montgomery Christian Academy Religious School
-
United States Soccer Prospects Sports School Sports Field & Court
-
Fellowship of Montgomery Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
$480k
Comparable Approach
Comparable
$879k
Blend (final)
Blend
$685k
Owner & transaction history
Owner Name Unavailable · 18 yrs held
Owner Name Unavailable
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$700,000
+17.9%
Office building
$675,000
+13.5%
Apartment house (5+ units)
$600,000
+1.2%
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
$695,000
CAP Approach
CAP Return
Estimation
6%
$520,000
6.5%
$480,000
7%
$445,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$595,000
Current use
COMMERCIAL (GENERAL)
$700,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$675,000
Change: +14% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$600,000
Change: +1% · Conversion: Difficult
RESTAURANT
$585,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$135 / 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
Assessed value
$4,991,940
Assessed 2024
Previous assessed
$5,012,740
-0.4% YoY
Assessed land
$2,623,270
Assessed improvement
$2,368,670
Land market value
$2,623,270
Improvement market value
$2,368,670
Total market value
$4,991,940
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2012
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Total area
5,060 SF
Lot
30.11 ac (1,311,635 SF)
APN
0022-00-00900
UPID
US83-2512559
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
$595,000
COMMERCIAL (GENERAL)
Est. value
$700,000
OFFICE BUILDING
Est. value
$675,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$600,000
RESTAURANT
Est. value
$585,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2012
Heating
FORCED AIR
Cooling
Yes
Buildings
5
Lot
30.11 ac
Current owner
From public records · entity-resolved
Owner Name Unavailable
Individual
Free & Clear · 18 yrs held
Mailing address
12681 FM 149TH RD, MONTGOMERY, TX 77316-9275
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2014
—
Fellowship Of Montgomery
—
Grant Deed
related
$1,900,000 · First Bk
Apr 7, 2010
—
Fellowship Of Lake Creek Ch
—
Trustees Deed
related
$60,000 · First Bank Conroe NA
Oct 1, 2007
—
Owner Name Unavailable
Fellowship Of Lake Creek
Warranty Deed
related
—
Oct 13, 2006
—
Fellowship Of Lake Creek
Peel,robert H & Shirley
Warranty Deed
related
—
—
—
Fellowship Of Montgomery
—
Deed Of Trust
related
$2,100,000 · Prosperity Bk
—
—
Fellowship Of Lake Creek Ch
—
Deed Of Trust
related
$294,186 · First Bank
—
—
Fellowship Of Montgomery
—
Deed Of Trust
related
$108,000 · First 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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