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Property profile & analytics
OFF-MARKET
Estimated value
$2,625,000
Warehouses
15525 Marina Dr Montgomery, TX 77356-2840
Entity Owned
5-yr Hold
Free & Clear
Property ID
US83-2361573
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Total area
17,724 SF
Lot
8.03 ac (349,787 SF)
Zoning code
3
APN
2150-50-00110
UPID
US83-2361573
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
-
Nautical Boat Club - Montgomery Boat Club
-
Pier 105 Marina Boating Instructor Marina
-
Northwest Fiberglass Inc. (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.72M
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$2.63M
Owner & transaction history
Pier 105 Marine LLC · 5 yrs held
Pier 105 Marine LLC
since 2020
7 recorded transactions
Zoning & alternative use
3 · Montgomery, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.1M
+45.2%
Restaurant
$2.0M
+40.8%
Office building
$1.9M
+27.5%
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 Montgomery submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montgomery 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%
$2,945,000
6.5%
$2,720,000
7%
$2,525,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,105,000
Change: +45% · Conversion: Difficult
RESTAURANT
$2,040,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$1,850,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,770,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,615,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$2.63M
Range $2.36M – $2.89M · ±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
$148 / 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
$141,071
Tax year 2024
Assessed value
$7,500,000
Assessed 2024
Previous assessed
$7,000,000
+7.1% YoY
Effective rate
1.88%
On assessed value
Assessed land
$2,798,256
Assessed improvement
$4,701,744
Land market value
$2,798,256
Improvement market value
$4,701,744
Total market value
$7,500,000
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
2019
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Bathrooms
4
Total area
17,724 SF
Lot
8.03 ac (349,787 SF)
Zoning code
3
APN
2150-50-00110
UPID
US83-2361573
Jurisdiction
MONTGOMERY
Zoning & alternative use
3 · Montgomery, TXZoning 3 · permitted uses
3 · Montgomery, TX
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
RESTAURANT
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2019
Heating
FORCED AIR
Cooling
Yes
Buildings
7
Bathrooms
4
Lot
8.03 ac
Current owner
From public records · entity-resolved
Pier 105 Marine LLC
Entity
Free & Clear · 5 yrs held
Mailing address
15525 MARINA DR, MONTGOMERY, TX 77356-2840
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2020
—
Pier 105 Marine LLC
—
Deed
related
—
Jul 21, 2020
—
Pier 105 Marina LLC
—
Deed
related
—
May 4, 2020
—
Pier 105 Marina LLC
—
Deed
related
—
Dec 30, 2019
—
Pier 105 Marina LLC
—
Deed
related
$515,688 · First Financial Bank
Dec 27, 2019
—
Pier 105 Marina LLC
—
Deed
related
$200,000 · First Financial Bank
Aug 29, 2019
—
Pier 105 Marina LLC
—
Deed
related
$415,688 · First Fin'l Bk&tr
Jul 8, 2019
—
Pier 105 Marina LLC
—
Deed
related
—
Apr 11, 2019
—
Pier 105 Marina LLC
—
Deed
related
—
Dec 31, 2018
—
Pier 105 Marina LLC
—
Deed
related
—
Sep 25, 2017
—
Pier 105 Marina LLC
—
Deed
related
$109,255 · First Financial Bank NA
—
—
Pier 105 Marina LLC
—
Loan Modification
related
—
—
—
Pier 105 Marina LLC
—
Loan Modification
related
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—
—
Pier 105 Marina LLC
—
Loan Modification
related
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—
—
Pier 105 Marina LLC
—
Deed Of Trust
related
$415,688 · First Fin'l Bk&tr
—
—
Pier 105 Marina LLC
—
Loan Modification
related
—
—
—
Pier 105 Marina LLC
—
Loan Modification
related
—
—
—
Pier 105 Marina LLC
—
Loan Modification
related
—
—
—
Pier 105 Marine LLC
—
Loan Modification
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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