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Property profile & analytics
OFF-MARKET
Estimated value
$1,975,000
Retail space
13731 Fm 1097th W Rd Willis, TX 77318-5789
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-2395781
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Total area
18,128 SF
Lot
1.39 ac (60,592 SF)
Zoning code
4
APN
6744-00-03000
UPID
US83-2395781
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
by Request
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.98M
Owner & transaction history
Texas Transportation Comn · 5 yrs held
Texas Transportation Comn
since 2020
7 recorded transactions
Zoning & alternative use
4 · Willis, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
ZONING DISTRICTS
Top alternative use upside
Commercial (general)
$2.8M
+105.9%
Restaurant
$2.2M
+57.6%
Apartment house (5+ units)
$1.6M
+20.1%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,370,000
Current use
COMMERCIAL (GENERAL)
$2,815,000
Change: +106% · Conversion: Easy
RESTAURANT
$2,155,000
Change: +58% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,645,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,620,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$1,455,000
Change: +6% · Conversion: Easy
WAREHOUSE, STORAGE
$1,400,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$1,280,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±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
$109 / 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
$50,289
Tax year 2024
Assessed value
$2,839,113
Assessed 2024
Previous assessed
$2,446,210
+16.1% YoY
Effective rate
1.77%
On assessed value
Assessed land
$302,955
Assessed improvement
$2,536,158
Land market value
$302,955
Improvement market value
$2,536,158
Total market value
$2,839,113
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
2005
Heating
FORCED AIR
Cooling
CENTRAL
Total area
18,128 SF
Lot
1.39 ac (60,592 SF)
Zoning code
4
APN
6744-00-03000
UPID
US83-2395781
Jurisdiction
MONTGOMERY
Zoning & alternative use
4 · Willis, TXZoning 4 · permitted uses
4 · Willis, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
ZONING DISTRICTS
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$2.8M
RESTAURANT
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2005
Heating
FORCED AIR
Cooling
Yes
Lot
1.39 ac
Current owner
From public records · entity-resolved
Texas Transportation Comn
Individual
Free & Clear · 5 yrs held
Mailing address
12941 PELICAN BLVD, WILLIS, TX 77318-5209
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2024
—
Wen Chian Yang
—
Deed
related
$100,000 · Stellar Bank
Sep 1, 2020
—
Texas Transportation Comn
Wen C Yang
Grant Deed
related
—
Jun 11, 2020
—
Wen C Yang
—
Deed
related
$400,000 · Allegiance Bk
Jun 3, 2019
—
Wen C Yang
—
Deed
related
$250,000 · Allegiance Bk
Dec 13, 2018
—
Wen C Yang
—
Deed
related
$821,402 · Allegiance Bk
Jun 16, 2006
—
Wen C Yang
Cya 1097 Ltd
Warranty Deed
$1,700,000 · Sterling Bank
—
—
Wen C Yang
—
Loan Modification
related
$821,402 · Allegiance Bk
—
—
Wen C Yang
—
Deed Of Trust
related
$1,250,000 · Allegiance Bank Texas
—
—
Wen C Yang
—
Deed Of Trust
related
$250,000 · Allegiance Bk
—
—
Wen C Yang
—
Deed Of Trust
related
$1,437,998 · Sterling Bank
—
—
Wen C Yang
—
Deed Of Trust
related
$400,000 · Allegiance Bk
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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