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Property profile & analytics
OFF-MARKET
Estimated value
$1,585,000
Warehouses
1450 Interstate 45th S Conroe, TX 77304-2805
Individually Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-2289213
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1994
Total area
16,800 SF
Lot
4.42 ac (192,492 SF)
Zoning code
1
APN
8330-06-00100
UPID
US83-2289213
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
-
Public Storage Storage Facility
-
Penske Truck Rental Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.59M
Owner & transaction history
180 II-interstate 4 Hsre-mstar · 16 yrs held
180 II-interstate 4 Hsre-mstar
since 2009
2 recorded transactions
Zoning & alternative use
1 · Conroe, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Development Guide
Top alternative use upside
Restaurant
$2.0M
+104.2%
Apartment house (5+ units)
$1.5M
+55.6%
Auto repair, garage
$1.5M
+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
$980,000
Current use
RESTAURANT
$2,000,000
Change: +104% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,525,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,500,000
Change: +53% · Conversion: Easy
OFFICE BUILDING
$1,345,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$1,270,000
Change: +30% · Conversion: Moderate
MEDICAL BUILDING
$1,190,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±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
$94 / 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
$105,397
Tax year 2024
Assessed value
$6,111,068
Assessed 2024
Previous assessed
$5,500,000
+11.1% YoY
Effective rate
1.72%
On assessed value
Assessed land
$1,752,840
Assessed improvement
$4,358,228
Land market value
$1,752,840
Improvement market value
$4,358,228
Total market value
$6,111,068
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
1994
Heating
FORCED AIR
Cooling
WINDOW A/C
Buildings
6
Bathrooms
9
Total area
16,800 SF
Lot
4.42 ac (192,492 SF)
Zoning code
1
APN
8330-06-00100
UPID
US83-2289213
Jurisdiction
MONTGOMERY
Zoning & alternative use
1 · Conroe, TXZoning 1 · permitted uses
1 · Conroe, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Development Guide
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$980,000
RESTAURANT
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
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
1994
Heating
FORCED AIR
Cooling
Yes
Buildings
6
Bathrooms
9
Lot
4.42 ac
Current owner
From public records · entity-resolved
180 II-interstate 4 Hsre-mstar
Individual
Free & Clear · 16 yrs held
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2009
—
180 II-interstate 4 Hsre-mstar
Hsre-msrat 180 II Holding LLC
Quit Claim Deed
related
—
Dec 2, 2005
—
Clpf-self-storage
Nueve Storage Holdings
Grant Deed
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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