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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Office buildings
20124 Canterbury Rd, Porter, TX 77365-4300
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US83-2329571
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
FRAME
Total area
8,000 SF
Lot
2.23 ac (97,008 SF)
Zoning code
5
APN
8460-04-02200
UPID
US83-2329571
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
$794k
Blend (final)
Blend
$895k
Owner & transaction history
Texas Indl Gas · 16 yrs held
Texas Indl Gas
since 2010
7 recorded transactions
Zoning & alternative use
5 · Porter, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+94.3%
Warehouse, storage
$1.0M
+38.2%
Apartment house (5+ units)
$950,000
+31.6%
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 Porter submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Porter 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
OFFICE BUILDING
$720,000
Current use
COMMERCIAL (GENERAL)
$1,405,000
Change: +94% · Conversion: Easy
WAREHOUSE, STORAGE
$1,000,000
Change: +38% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$950,000
Change: +32% · Conversion: Easy
RESTAURANT
$920,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$910,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$112 / 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
$14,178
Tax year 2024
Assessed value
$816,056
Assessed 2024
Previous assessed
$755,000
+8.1% YoY
Effective rate
1.74%
On assessed value
Assessed land
$160,018
Assessed improvement
$656,038
Land market value
$160,018
Improvement market value
$656,038
Total market value
$816,056
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
1980
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Bathrooms
1
Total area
8,000 SF
Lot
2.23 ac (97,008 SF)
Zoning code
5
APN
8460-04-02200
UPID
US83-2329571
Jurisdiction
MONTGOMERY
Zoning & alternative use
5 · Porter, TX
Zoning 5 · permitted uses
5 · Porter, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Porter. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$720,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$950,000
RESTAURANT
Est. value
$920,000
AUTO REPAIR, GARAGE
Est. value
$910,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1980
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Bathrooms
1
Lot
2.23 ac
Current owner
From public records · entity-resolved
Texas Indl Gas
Individual
Mailing address
PO BOX 303, HUMBLE, TX 77347-0303
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2017
—
Texas Indl Gas & Equipment Re
—
Deed
related
$58,900 · Us Small Busn Admn
Jun 1, 2010
—
Texas Indl Gas
M & S Dev LLC
Warranty Deed
$215,000 · Compass Bank
Dec 31, 2008
—
M & S Development LLC
Jason P White
Venders Lien
$130,000 · Amegy Bank NA
Jun 1, 2006
—
Whites South Central Invs LLC
Johnston,harold R & Sandra S
Warranty Deed
$140,400 · Citizens Federal Bank Fsb
Oct 25, 2005
—
Harold R Johnson
Cit Group Of Consumer Fin INC
Warranty Deed
—
—
—
Texas Indl Gas
—
Deed Of Trust
related
$270,000 · Compass Bank
—
—
Texas Indl Gas & Equipment Re
—
Deed Of Trust
related
$58,900 · Us Small Busn Admn
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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