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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Retail space
21930 Loop 494 New Caney, TX 77357-8243
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-2311723
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2019
Construction
CONCRETE BLOCKS
Total area
10,233 SF
Lot
1.79 ac (77,929 SF)
Zoning code
5
APN
7622-01-00100
UPID
US83-2311723
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
$1.24M
Blend (final)
Blend
$1.27M
Owner & transaction history
494 PARKWAY PROPERTIES LLC
494 PARKWAY PROPERTIES LLC
Zoning & alternative use
5 · New Caney, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+120.2%
Office building
$1.2M
+43.4%
Apartment house (5+ units)
$1.2M
+42.1%
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 New Caney submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Caney 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
RETAIL STORES
$855,000
Current use
COMMERCIAL (GENERAL)
$1,885,000
Change: +120% · Conversion: Easy
OFFICE BUILDING
$1,225,000
Change: +43% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,215,000
Change: +42% · Conversion: Difficult
RESTAURANT
$1,180,000
Change: +38% · Conversion: Easy
WAREHOUSE, STORAGE
$1,000,000
Change: +17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$935,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±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
$124 / 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
$46,748
Tax year 2024
Assessed value
$2,365,866
Assessed 2024
Previous assessed
$2,075,000
+14.0% YoY
Effective rate
1.98%
On assessed value
Assessed land
$389,640
Assessed improvement
$1,976,226
Land market value
$389,640
Improvement market value
$1,976,226
Total market value
$2,365,866
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
2019
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
4
Total area
10,233 SF
Lot
1.79 ac (77,929 SF)
Zoning code
5
APN
7622-01-00100
UPID
US83-2311723
Jurisdiction
MONTGOMERY
Zoning & alternative use
5 · New Caney, TX
Zoning 5 · permitted uses
5 · New Caney, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Caney. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$855,000
COMMERCIAL (GENERAL)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
RESTAURANT
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$935,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
WAREHOUSE, STORAGE
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
2019
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Bathrooms
4
Lot
1.79 ac
Current owner
From public records · entity-resolved
494 PARKWAY PROPERTIES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
11925 HWY 105TH E, CONROE, TX 77306-5378
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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