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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Grocery and convenience stores
1526 Davis St Conroe, TX 77301-3112
Entity Owned
14-yr Hold
Free & Clear
Property ID
US83-2329390
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2013
Construction
FRAME
Total area
4,800 SF
Lot
1.05 ac (45,825 SF)
Zoning code
1
APN
0526-00-00905
UPID
US83-2329390
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
-
Expressway Market Grocery & Convenience Store
-
Exxon Gas Station
-
Micheladas el Guero Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$590k
Blend (final)
Blend
$520k
Owner & transaction history
Makland Dev INC · 14 yrs held
Makland Dev INC
since 2012
5 recorded transactions
Zoning & alternative use
1 · Conroe, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$655,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$460,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$350,000
Change: 0% · Conversion: Moderate
MEDICAL BUILDING
$340,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$320,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$108 / 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
$23,651
Tax year 2024
Assessed value
$1,531,561
Assessed 2024
Previous assessed
$1,234,220
+24.1% YoY
Effective rate
1.54%
On assessed value
Assessed land
$183,320
Assessed improvement
$1,348,241
Land market value
$183,320
Improvement market value
$1,348,241
Total market value
$1,531,561
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2013
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Total area
4,800 SF
Lot
1.05 ac (45,825 SF)
Zoning code
1
APN
0526-00-00905
UPID
US83-2329390
Jurisdiction
MONTGOMERY
Zoning & alternative use
1 · Conroe, TX
Zoning 1 · permitted uses
1 · Conroe, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Conroe. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$460,000
OFFICE BUILDING
Est. value
$350,000
MEDICAL BUILDING
Est. value
$340,000
RETAIL STORES
Est. value
$320,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
2013
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Lot
1.05 ac
Current owner
From public records · entity-resolved
Makland Dev INC
Entity
Free & Clear · 14 yrs held
Mailing address
1526 E DAVIS ST, CONROE, TX 77301-3112
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2012
—
Makland Dev INC
Lim,kevin & Chanseda
Warranty Deed
—
Jun 30, 2005
—
Kevin Lim
Nixon,ivy M & Patricia A
Warranty Deed
related
—
Jun 8, 2005
$52,985
Ivy M Nixon
Baines Martha
Trustees Deed
related
—
Apr 6, 2005
$52,602
Ivy M Nixon
Nixon Ivy M
Trustees Deed
related
—
Jan 27, 2005
—
Jina Y Dayton
Nixon,ivy M
Warranty Deed
$50,000 · Ivy M Nixon
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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