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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Retail space
15295 Hwy 105th E Conroe, TX 77306
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-2422376
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2020
Total area
40,000 SF
Lot
2.3 ac (100,057 SF)
Zoning code
3
APN
6580-02-28000
UPID
US83-2422376
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
by Request
Blend (final)
Blend
$1.10M
Owner & transaction history
Tejas Corner LLC · 18 yrs held
Tejas Corner LLC
since 2008
4 recorded transactions
Zoning & alternative use
3 · Conroe, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Development Guide
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$28 / 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
$54,658
Tax year 2024
Assessed value
$2,834,164
Assessed 2024
Previous assessed
$2,883,880
-1.7% YoY
Effective rate
1.93%
On assessed value
Assessed land
$800,284
Assessed improvement
$2,033,880
Land market value
$800,284
Improvement market value
$2,033,880
Total market value
$2,834,164
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
2020
Heating
FORCED AIR
Cooling
CENTRAL
Total area
40,000 SF
Lot
2.3 ac (100,057 SF)
Zoning code
3
APN
6580-02-28000
UPID
US83-2422376
Jurisdiction
MONTGOMERY
Zoning & alternative use
3 · Conroe, TXZoning 3 · permitted uses
3 · Conroe, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Development Guide
Building & site characteristics
From public records
Year built
2020
Heating
FORCED AIR
Cooling
Yes
Lot
2.3 ac
Current owner
From public records · entity-resolved
Tejas Corner LLC
Entity
Free & Clear · 18 yrs held
Mailing address
800 BONAVENTURE WAY STE #155, SUGAR LAND, TX 77479-8007
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2019
—
Tejas 105 Developers LLC
—
Deed
related
$22,891 · Texas Gulf Bk
Jan 28, 2008
—
Tejas Corner LLC
Westlake Land Dev LLC
Warranty Deed
related
—
Jun 30, 2006
—
Westlake Land Dev LLC
Townsend Mortgage & Inv Co INC
Warranty Deed
$440,000 · Capital One
—
—
Tejas 105 Developers LLC
—
Loan Modification
related
$22,891 · Texas Gulf 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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