Technical
Financial
Distress signals
Property profile

16145 Fm 1485th Rd Conroe, TX 77306

OFF-MARKET
Retail space
Property ID
US83-2469822
8,109 SF 3.18 ac lot Built 2002
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2002
Total area 8,109 SF
Lot 3.18 ac (138,695 SF)
APN 0419-00-05800
UPID US83-2469822

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tattoo & Piercing Shop
  • Bakery Discount Store
  • Restaurant
  • Atm
  • Restaurant

Location

16145 Fm 1485th Rd Conroe, TX 77306-8929
Conroe metro Census 692701 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
$635k
Blend (final) Blend
$505k

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2019
Price N/A
2019
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $750,000 +22.2%
Apartment house (5+ units) $735,000 +20.1%
Auto repair, garage $725,000 +18.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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