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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Warehouses
18935 Freeport Dr Montgomery, TX 77356-4446
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US83-2439250
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2010
Total area
31,999 SF
Lot
3.35 ac (145,970 SF)
APN
9467-00-01000
UPID
US83-2439250
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
-
Tenney Company / M10 Process Equipment Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.79M
Owner & transaction history
Tenney Freeport LLC · 4 yrs held
Tenney Freeport LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.9M
+11.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,615,000
Current use
AUTO REPAIR, GARAGE
$2,915,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±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
$56 / 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
$44,104
Tax year 2024
Assessed value
$2,294,388
Assessed 2024
Previous assessed
$2,207,300
+3.9% YoY
Effective rate
1.92%
On assessed value
Assessed land
$583,876
Assessed improvement
$1,710,512
Land market value
$583,876
Improvement market value
$1,710,512
Total market value
$2,294,388
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2010
Heating
NONE
Cooling
NONE
Buildings
7
Total area
31,999 SF
Lot
3.35 ac (145,970 SF)
APN
9467-00-01000
UPID
US83-2439250
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.9M
WAREHOUSE, STORAGE Current
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
2010
Heating
NONE
Cooling
Yes
Buildings
7
Lot
3.35 ac
Current owner
From public records · entity-resolved
Tenney Freeport LLC
Entity
Mailing address
9710 CLUBHOUSE CIR, MAGNOLIA, TX 77354-6948
Ownership since
2022
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 15, 2022
—
Tenney Freeport LLC
Shirley C Allamon
Venders Lien
$1,800,000 · Zb NA
Aug 28, 2020
—
Jerry P Allamon
—
Deed
related
$200,000 · Prosperity Bank
Jun 25, 2020
—
Jerry P Allamon
—
Deed
related
—
May 16, 2019
—
Jerry A Allamon
—
Deed
related
$1,250,000 · Prosperity Bank
Dec 13, 2018
—
Jerry P Allamon
—
Deed
related
$800,000 · Prosperity Bk
Nov 16, 2017
—
Jerry P Allamon
—
Trustees Deed
related
$800,000 · Prosperity Bk
Sep 26, 2002
—
Jerry P Allamon
Lefevre,philip & Holly
Grant Deed
$203,268 · Woodforest National Bank
—
—
Jerry P Allamon
—
Loan Modification
related
$800,000 · Prosperity Bk
—
—
Jerry P Allamon
—
Deed Of Trust
related
$471,097 · Woodforest National Bank
—
—
Jerry P Allamon
—
Deed Of Trust
related
$1,000,000 · First Victoria National Bank
—
—
Jerry P Allamon
—
Loan Modification
related
—
—
—
Jerry P Allamon
—
Deed Of Trust
related
$465,000 · First Victoria National Bank
—
—
Jerry P Allamon
—
Loan Modification
related
$500,000 · Prosperity 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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