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Property profile & analytics
OFF-MARKET
Estimated value
$5,535,000
Warehouses
13921 Hwy 105th W Conroe, TX 77304-5703
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US83-2338458
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2004
Total area
64,000 SF
Lot
26.73 ac (1,164,446 SF)
APN
0496-00-00450
UPID
US83-2338458
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
-
Epoxy Garage Flooring, LLC General Contractor Renovation Specialist
-
UPS Authorized Shipping Outlet Courier Service Postal Service
-
Streamline Stripes Parking Lot & Garage
-
Excellence Auto Paint & Body Mobile Touch-Up Service Auto Repair Shop
-
Bee Line Industries Big Box & Wholesale Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.78M
Blend (final)
Blend
$5.54M
Owner & transaction history
Storage 105 Texas LLC · 4 yrs held
Storage 105 Texas LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.6M
+104.2%
Apartment house (5+ units)
$5.8M
+55.6%
Auto repair, garage
$5.7M
+53.1%
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 Conroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conroe 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
WAREHOUSE, STORAGE
$3,730,000
Current use
RESTAURANT
$7,615,000
Change: +104% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,805,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,710,000
Change: +53% · Conversion: Easy
OFFICE BUILDING
$5,135,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$4,830,000
Change: +30% · Conversion: Moderate
MEDICAL BUILDING
$4,525,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$5.54M
Range $4.98M – $6.09M · ±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
$86 / 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
$223,441
Tax year 2024
Assessed value
$12,800,000
Assessed 2024
Previous assessed
$11,660,000
+9.8% YoY
Effective rate
1.75%
On assessed value
Assessed land
$2,852,799
Assessed improvement
$9,947,201
Land market value
$2,852,799
Improvement market value
$9,947,201
Total market value
$12,800,000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Heating
NONE
Cooling
NONE
Buildings
8
Total area
64,000 SF
Lot
26.73 ac (1,164,446 SF)
APN
0496-00-00450
UPID
US83-2338458
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
$3.7M
RESTAURANT
Est. value
$7.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.7M
OFFICE BUILDING
Est. value
$5.1M
RETAIL STORES
Est. value
$4.8M
MEDICAL BUILDING
Est. value
$4.5M
WAREHOUSE, STORAGE Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
2004
Heating
NONE
Cooling
Yes
Buildings
8
Lot
26.73 ac
Current owner
From public records · entity-resolved
Storage 105 Texas LLC
Entity
Mailing address
15461 SLOVER AVE, FONTANA, CA 92337-1305
Ownership since
2022
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
Apr 14, 2022
—
Storage 105 Texas LLC
Mcclanahan Development LLC
Venders Lien
$10,676,240 · Grasslands FCU
Jan 13, 2021
—
Mcclanahan Dev LLC
Mcclanahan Storage 105 INC
Quit Claim Deed
related
—
May 29, 2014
—
Mcclanahan Storage 105 INC
Mcclanahan Development L L C
Warranty Deed
—
Jul 11, 2012
—
Mcclanahan Dev LLC
Mcclanahan J Separate Trust
Quit Claim Deed
related
—
—
—
Mcclanahan Family Trust
—
Loan Modification
related
$1,760,000 · Trustmark Nat'l Bk
—
—
Mcclanahan Family Trust
—
Loan Modification
related
$2,760,000 · Trustmark National Bank
—
—
Mcclanahan Family Trust
—
Deed Of Trust
related
$1,000,000 · Trustmark National 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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