Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    23164 Landrum Village Dr Montgomery, TX 77316
    Back to Search
    Property profile & analytics

    23164 Landrum Village Dr, Montgomery, TX 77316

    View on Map
    • Retirement homes
    • 17,000 SF
    • 5.36 lot acres
    Off-Market
    Property ID
    US83-2511833
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • A Village Home / Nursing Home / Retirement Community
    • Hughes Personal Care Home LLC / Nursing Home / Retirement Community

    Property Details for 23164 Landrum Village Dr

    Lot size
    5.36 lot acres
    Property type
    Retirement homes

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 14, 2023 — Beaux Ventures LLC Montgomery Al Investment LLC Warranty Deed —
    Apr 27, 2020 — Montgomery Al Investments LLC — Deed · related $50k · City Bk
    Apr 22, 2019 — Montgomery Al Investment LLC — Deed · related $50k · City Bk
    Apr 25, 2018 — Montgomery Al Investment LLC — Deed · related $50k · City Bk
    Apr 17, 2017 — Montgomery Al Investment LLC — Deed · related $50k · City Bk

    Description

    This exceptional investment opportunity presents two fully licensed, 16-bed assisted living facilities situated on 5.36 acres in rapidly growing Montgomery County, Texas. The property, totaling 17,000 square feet, underwent renovations in 2024 and boasts a prime location with easy access to local amenities. Originally built in 1967 with additions in 2007, the facilities are currently operational and offer a comfortable and supportive living environment for residents. The expansive grounds provide ample outdoor space. This turn-key operation is ideal for investors seeking a stable, high-demand asset in the senior care industry, offering significant growth potential within a thriving community. The asking price is $2,900,000, translating to $170.59 per square foot. The property is licensed for hospice, rehabilitation, and memory care, among other services, providing diverse revenue streams and operational flexibility. This is a rare opportunity to acquire a well-established, profitable business in a desirable market. The facilities are move-in ready for new owners and residents, ensuring a seamless transition.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Texas
    Longitude
    -95.7216927
    Latitude
    30.3432926

    Comparable in this City

    • $899,000

      Land in Perfection Ranch

      6 acres in Perfection Ranch with equestrian and lake amenities.
      24077 Old Dobbin Plantersvil Rd, Montgomery, TX 77316
      View Details
    • $10,000,000

      Unrestricted Land Near Montgomery

      183 acres with prime industrial potential near Montgomery, TX.
      7190 Adoue Rd, Montgomery, TX 77316
      View Details
    • $850,000

      Unrestricted Land Near FM 149

      10-11 acre land parcel with access from FM 149.
      9845 Fm 149 Rd, Montgomery, TX 77316
      View Details
    • $150,000

      Land For Sale Montgomery, TX

      Land available for purchase in Montgomery, Texas.
      3310 Wilderness Way, Montgomery, TX 77316
      View Details

    Similar Nearby for Sale

    • $899,000

      Land in Perfection Ranch

      6 acres in Perfection Ranch with equestrian and lake amenities.
      24077 Old Dobbin Plantersvil Rd, Montgomery, TX 77316
      View Details
    • $10,000,000

      Unrestricted Land Near Montgomery

      183 acres with prime industrial potential near Montgomery, TX.
      7190 Adoue Rd, Montgomery, TX 77316
      View Details
    • $850,000

      Unrestricted Land Near FM 149

      10-11 acre land parcel with access from FM 149.
      9845 Fm 149 Rd, Montgomery, TX 77316
      View Details
    • $150,000

      Land For Sale Montgomery, TX

      Land available for purchase in Montgomery, Texas.
      3310 Wilderness Way, Montgomery, TX 77316
      View Details

    Similar Nearby for Lease

    • New
      Contact for pricing

      Salon Suite in Established Studio

      Approximately 150 SF private suite within a shared salon environment with convenient client parking and easy road access.
      3535 Honea Egypt Rd, Montgomery, TX 77316
      View Details
    • Contact for pricing
      3,109 SF

      Class A Medical Office Building

      Modern, two-story medical office building completed in Q4 2020.
      750 Fish Creek Thoroughfare, Montgomery, TX 77316
      View Details
    • Contact for pricing

      Retail Space in Woodforest

      Retail space available for lease in Woodforest, Montgomery, TX.
      810 Pine Market Ave, Montgomery, TX 77316
      View Details
    • Contact for pricing

      Multi-Tenant Retail Center For Rent

      Retail center in Montgomery County with lease-up upside.
      618 Fish Creek Thoroughfare, Montgomery, TX 77316
      View Details
    • Contact for pricing

      Highway Frontage Land for Lease

      Available land tracts suitable for storage, sales, or food trucks.
      17100 State Highway 105 W, Montgomery, TX 77316
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Montgomery, TX

      Retail space available for lease in Montgomery, Texas.
      810-950 Pine Market Ave, Montgomery, TX 77316
      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.
    23164 Landrum Village Dr
    Montgomery, TX 77316
    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

    Thank You for Inquiry
    23164 Landrum Village Dr, Montgomery, TX, 77316
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!