Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    213 Thompson St Conroe, TX 77301-2849

    • Garden apartment buildings
    • 12,864 SF
    • 0.47 lot acres
    OFF-MARKET
    Value Estimations
    $445,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2329060
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Collective in Downtown Conroe / Gift Shop
    • Kin Trading Post / Boutique
    • Alyson Bayer / Acupuncturist
    • Alyson Claire Bayer / Acupuncturist

    Property Details for 213 Thompson St

    Year built
    1931
    Lot size
    0.47 lot acres
    Property size
    12,864 SF
    Zone code
    1
    Property type
    Garden apartment buildings
    APN
    2220-00-06100
    APU
    22200006100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $522,000
      Market price range: $523k - $1.58M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4585
    Latitude
    30.3107
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $12,270
    $309,380
    $330,940
    $640,320
    -
    $309,380
    $330,940
    $640,320

    Comparable in this City

    • Value Estimation
      $340,000
      3,600 SF

      1107 Palestine St

      GARDEN APT, COURT APT (5+ UNITS) • 3,600 SF
      1107 Palestine St, Conroe, TX 77301-2365
      View Details
    • Value Estimation
      $470,000
      5,936 SF

      920 Mccall Ave

      GARDEN APT, COURT APT (5+ UNITS) • 5,936 SF
      920 Mccall Ave, Conroe, TX 77301-2266
      View Details
    • Value Estimation
      $620,000
      11,232 SF

      510 Billie Bess Ln

      GARDEN APT, COURT APT (5+ UNITS) • 11,232 SF
      510 Billie Bess Ln, Conroe, TX 77301-1303
      View Details
    • Value Estimation
      $430,000
      10,560 SF

      908 York Ave

      GARDEN APT, COURT APT (5+ UNITS) • 10,560 SF
      908 York Ave, Conroe, TX 77301
      View Details
    • Value Estimation
      $335,000
      5,760 SF

      528 Lilly Blvd

      GARDEN APT, COURT APT (5+ UNITS) • 5,760 SF
      528 Lilly Blvd, Conroe, TX 77301-1302
      View Details
    • Value Estimation
      $805,000
      24,760 SF

      1101 7th St

      GARDEN APT, COURT APT (5+ UNITS) • 24,760 SF
      1101 7th St, Conroe, TX 77301-4665
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,215 SF

      Conroe Multifamily Investment Opportunity

      57 vintage apartment units in rapidly growing Conroe, Texas.
      928 N 3Rd St, Conroe, TX 77301
      View Details
    • Contact for pricing

      Conroe Multifamily Investment Opportunity

      57 vintage apartment units in rapidly growing Conroe, Texas.
      1510 Odd Fellow St, Conroe, TX 77301
      View Details
    • Contact for pricing

      Conroe Multifamily Investment Opportunity

      57 vintage apartment units in rapidly growing Conroe, Texas.
      379 Fm 3083 Rd, Conroe, TX 77301
      View Details
    • $689,900

      New Duplex Near Highway 105

      New, tenant-occupied duplex near Highway 105 in Conroe, Texas.
      1306 N 9Th St, Conroe, TX 77301
      View Details
    • $498,000

      New Conroe Duplex For Sale

      New duplex in Conroe, TX, near The Woodlands and Lake Conroe.
      516 Clinton St, Conroe, TX 77301
      View Details
    • $450,000

      Hazelwood Duplex: Conroe, TX

      High-Yield Duplex, Booming Conroe
      1729 Hazelwood St, Conroe, TX 77301
      View Details

    Similar Nearby for Lease

    • $1,250 /Mo
      1,190 SF

      Conroe Duplex with Fenced Yard

      One-story duplex featuring two bedrooms, two baths, and a garage.
      1616 Hazelwood St, Conroe, TX 77301
      View Details
    • $1,125 /Mo
      933 SF

      Conroe Duplex with Fenced Yard

      One-story duplex with new flooring, fenced yard, and designated parking.
      1606B Hazelwood St, Conroe, TX 77301
      View Details
    • $34 SF/Yr
      23,040 SF

      Conroe Commons: Prime Retail Space

      Class A retail, office, restaurant space in booming Conroe, TX.
      0 League Line Rd, Conroe, TX 77301
      View Details
    • $10 SF/Yr
      11,250 SF

      Conroe Warehouse with Office Space

      5,000 SF warehouse with 1,575 SF office space.
      12001 Fm 3083 Rd, Conroe, TX 77301
      View Details
    • $10 SF/Yr
      4,500 SF

      Conroe Warehouse with Office Space

      4,500 SF warehouse with 1,500 SF office in Conroe.
      1998-2008 Airport Rd, Conroe, TX 77301
      View Details
    • $1.10 SF/Yr
      9,900 SF

      Conroe Office/Warehouse with Stabilized Yard

      9,900 SF office/warehouse on 1.82 acres available for lease.
      2112 Airport Rd, Conroe, TX 77301
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    213 Thompson St
    Conroe, TX 77301-2849
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.