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Property profile & analytics
OFF-MARKET
Estimated value
$1,630,000
Warehouses
14811 Fm 1097th W Rd Willis, TX 77318-4971
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US83-2201853
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1993
Total area
11,550 SF
Lot
7.02 ac (305,965 SF)
Zoning code
4
APN
0012-01-06405
UPID
US83-2201853
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
$1.77M
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.63M
Owner & transaction history
E Z Boat Storage & Valet Launch Ltd · 9 yrs held
E Z Boat Storage & Valet Launch Ltd
since 2017
3 recorded transactions
Zoning & alternative use
4 · Willis, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+101.1%
Restaurant
$1.4M
+54.0%
Apartment house (5+ units)
$1.0M
+17.3%
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%
$1,920,000
6.5%
$1,770,000
7%
$1,645,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,795,000
Change: +101% · Conversion: Difficult
RESTAURANT
$1,375,000
Change: +54% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,045,000
Change: +17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,030,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$1.63M
Range $1.47M – $1.79M · ±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
$141 / 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
$139,242
Tax year 2024
Assessed value
$7,272,134
Assessed 2024
Previous assessed
$8,564,550
-15.1% YoY
Effective rate
1.91%
On assessed value
Assessed land
$2,447,724
Assessed improvement
$4,824,410
Land market value
$2,447,724
Improvement market value
$4,824,410
Total market value
$7,272,134
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
1993
Heating
NONE
Cooling
NONE
Buildings
6
Rooms
10
Bathrooms
1
Total area
11,550 SF
Lot
7.02 ac (305,965 SF)
Zoning code
4
APN
0012-01-06405
UPID
US83-2201853
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
COMMERCIAL (GENERAL)
Est. value
$1.8M
RESTAURANT
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.0M
COMMERCIAL (GENERAL)
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1993
Heating
NONE
Cooling
Yes
Buildings
6
Rooms
10
Bathrooms
1
Lot
7.02 ac
Current owner
From public records · entity-resolved
E Z Boat Storage & Valet Launch Ltd
Individual
Mailing address
PO BOX 525, WILLIS, TX 77378-0525
Ownership since
2017
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
Mar 22, 2017
—
E Z Boat Storage & Valet Launch Ltd
—
Deed
related
$727,500 · Wells Fargo Financial National Bank
—
—
E-z Boat Storage & Valet Launc
—
Deed Of Trust
related
$2,600,000 · Wells Fargo Bk
—
—
E-z Boat Storage & Valet Launc
—
Deed Of Trust
related
$1,000,000 · Wells Fargo 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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