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Property profile & analytics
OFF-MARKET
Office buildings
16505 Interstate 45th N Willis, TX 77318-6998
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US83-2398681
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
11,250 SF
Lot
1.53 ac (66,734 SF)
Zoning code
4
APN
0262-00-01910
UPID
US83-2398681
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
by Request
Owner & transaction history
Koch Family Properties LP · 6 yrs held
Koch Family Properties LP
since 2019
5 recorded transactions
Zoning & alternative use
4 · Willis, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,154
Tax year 2024
Assessed value
$567,442
Assessed 2024
Previous assessed
$440,000
+29.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$101,234
Assessed improvement
$466,208
Land market value
$101,234
Improvement market value
$466,208
Total market value
$567,442
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Total area
11,250 SF
Lot
1.53 ac (66,734 SF)
Zoning code
4
APN
0262-00-01910
UPID
US83-2398681
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.
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Lot
1.53 ac
Current owner
From public records · entity-resolved
Koch Family Properties LP
Entity
Mailing address
16505 INTERSTATE 45TH N, WILLIS, TX 77318-6998
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Sep 27, 2019
—
Koch Family Properties LP
Rcjam Partners Ltd
Grant Deed
$307,558 · Allegiance Bk
Aug 13, 2019
—
Perge Properties LLC
Koch Family Properties LP
Venders Lien
$300,000 · Bbva USA
Oct 1, 2018
—
Koch Family Properties LP
—
Deed
related
$456,000 · Post Oak Bk
Apr 18, 2013
—
Koch Family Properties LP
Gak Trading INC
Warranty Deed
$625,000 · Post Oak Bank
Sep 30, 2004
—
Gak Trading INC
Martin,rickey C & Julie A
Warranty Deed
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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