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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Retail space
13721 Fm 1097th Rd, Willis, TX 77378
Trust Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-2419171
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Total area
8,323 SF
Lot
0.82 ac (35,615 SF)
Zoning code
4
APN
6744-00-02900
UPID
US83-2419171
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
$355k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$750k
Blend (final)
Blend
$555k
Owner & transaction history
Nos Chandara Living Trust · 19 yrs held
Nos Chandara Living Trust
since 2007
3 recorded transactions
Zoning & alternative use
4 · Willis, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$875,000
+39.4%
Apartment house (5+ units)
$755,000
+20.1%
Auto repair, garage
$745,000
+18.2%
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 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
$355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$630,000
Current use
WAREHOUSE, STORAGE
$875,000
Change: +39% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$755,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$745,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$670,000
Change: +6% · Conversion: Easy
MEDICAL BUILDING
$590,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$67 / 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
$24,670
Tax year 2024
Assessed value
$1,303,505
Assessed 2024
Previous assessed
$1,200,000
+8.6% YoY
Effective rate
1.89%
On assessed value
Assessed land
$178,375
Assessed improvement
$1,125,130
Land market value
$178,375
Improvement market value
$1,125,130
Total market value
$1,303,505
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
2002
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
2
Total area
8,323 SF
Lot
0.82 ac (35,615 SF)
Zoning code
4
APN
6744-00-02900
UPID
US83-2419171
Jurisdiction
MONTGOMERY
Zoning & alternative use
4 · Willis, TX
Zoning 4 · permitted uses
4 · Willis, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Willis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$630,000
WAREHOUSE, STORAGE
Est. value
$875,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$755,000
AUTO REPAIR, GARAGE
Est. value
$745,000
OFFICE BUILDING
Est. value
$670,000
MEDICAL BUILDING
Est. value
$590,000
RETAIL STORES Current
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2002
Heating
FORCED AIR
Cooling
Yes
Bathrooms
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
Nos Chandara Living Trust
Trust
Free & Clear · 19 yrs held
Mailing address
8126 BIG OAK TRL DR, HOUSTON, TX 77040-2649
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2007
—
Nos Chandara Living Trust
Nos,sokha K
Quit Claim Deed
related
—
Dec 20, 2006
—
Sokha Nos
Bee Dee Ents LLC
Warranty Deed
$600,000 · Capital One
Apr 19, 2005
—
Bee Dee Ents LLC
Cya 1097 Ltd
Grant Deed
$873,964 · Sterling 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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