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Property profile & analytics
OFF-MARKET
Retail space
18446 Hwy 105th W Montgomery, TX 77356-6048
Entity Owned
1-yr Hold
Free & Clear
Property ID
US83-2453734
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
CONCRETE BLOCKS
Total area
9,900 SF
Lot
0.98 ac (42,645 SF)
APN
9092-00-00600
UPID
US83-2453734
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
Conroe Complex LLC · 1 yrs held
Conroe Complex LLC
since 2025
7 recorded transactions
Zoning & alternative use
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 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
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
$25,716
Tax year 2024
Assessed value
$1,414,698
Assessed 2024
Previous assessed
$1,287,000
+9.9% YoY
Effective rate
1.82%
On assessed value
Assessed land
$255,870
Assessed improvement
$1,158,828
Land market value
$255,870
Improvement market value
$1,158,828
Total market value
$1,414,698
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
2002
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
2
Total area
9,900 SF
Lot
0.98 ac (42,645 SF)
APN
9092-00-00600
UPID
US83-2453734
Jurisdiction
MONTGOMERY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2002
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Bathrooms
2
Lot
0.98 ac
Current owner
From public records · entity-resolved
Conroe Complex LLC
Entity
Free & Clear · 1 yrs held
Mailing address
13201 NWNW FWY STE #101, HOUSTON, TX 77040-6012
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2025
—
Conroe Complex LLC
Mavani Investment Group LLC
Warranty Deed
—
Aug 23, 2021
—
Sheikhani & Mavani Group LLC Series
Tbi Sunrise Plaza LLC
Venders Lien
$1,387,500 · Independent Bank
Apr 13, 2020
—
Jbi Sunrise Plaza LLC
Harold K Kaemerle JR.
Grant Deed
$662,000 · Independent Bk
Sep 24, 2013
—
Harold K Kaemerle JR.
Golden Fern INC
Grant Deed
$616,000 · Grand Lodge/sons/hermann/st/tx
Dec 29, 2011
—
Golden Fern INC
Atul J Ratanji
Warranty Deed
$792,000 · Spirit Of Texas Bank
Nov 22, 2005
—
Atul J Ratanji
—
Trustees Deed
related
$50,000 · First Bank Conroe NA
Mar 8, 2005
—
Atul J Ratanji
—
Trustees Deed
related
$480,000 · First Bank Conroe NA
Dec 6, 2004
—
Atul J Ratanji
—
Trustees Deed
related
$50,000 · First Bank Conroe NA
—
—
Atul J Ratanji
—
Deed Of Trust
related
$676,212 · First Bank Conroe NA
—
—
Atul J Ratanji
—
Deed Of Trust
related
$50,000 · First Bank Conroe NA
—
—
Atul J Ratanji
—
Deed Of Trust
related
$763,000 · First Bank Conroe NA
—
—
Ratanji,atul J & Rita A
—
Loan Modification
related
$50,000 · First Bk/conroe
—
—
Atul J Ratanji
—
Deed Of Trust
related
$480,000 · First Bank Conroe NA
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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