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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Office buildings
21820 Wallis Dr, Porter, TX 77365-5366
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US83-2391083
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
21,800 SF
Lot
1.82 ac (79,279 SF)
Zoning code
5
APN
9260-01-05000
UPID
US83-2391083
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
-
Modenzi Furniture & Home Goods Hardware & Home Improvement
-
Saul's Auto Repair, LLC Auto Repair Shop
-
SINA MAZA LLC Housing Development
-
LPI INC Hardware & Home Improvement Construction Company
-
Camacho Porter Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$895k
Owner & transaction history
Colonial Partner Holdings LLC · 4 yrs held
Colonial Partner Holdings LLC
since 2021
4 recorded transactions
Zoning & alternative use
5 · Porter, 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 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
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
$41 / 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
$25,392
Tax year 2024
Assessed value
$1,115,000
Assessed 2024
Previous assessed
$1,105,000
+0.9% YoY
Effective rate
2.28%
On assessed value
Assessed land
$118,920
Assessed improvement
$996,080
Land market value
$118,920
Improvement market value
$996,080
Total market value
$1,115,000
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
2008
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Total area
21,800 SF
Lot
1.82 ac (79,279 SF)
Zoning code
5
APN
9260-01-05000
UPID
US83-2391083
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.
Building & site characteristics
From public records
Year built
2008
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Lot
1.82 ac
Current owner
From public records · entity-resolved
Colonial Partner Holdings LLC
Entity
Mailing address
48 WATERFORD POINTE CIR, SUGAR LAND, TX 77479-5664
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2022
—
Colonial Partner Holdings LLC
—
Deed
related
$1,225,500 · Iberiabank
Sep 3, 2021
—
Colonial Partner Holdings LLC
Wallis Dr Investment LLC
Venders Lien
$1,031,200 · Third Coast Bank Ssb
Oct 23, 2014
—
Wallis Dr Investment LLC
Gemini Originals INC
Grant Deed
$580,000 · Gemini Originals INC
Jan 23, 2008
—
Gemini Originals INC
Pyramid Alloys INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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