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Property profile & analytics
OFF-MARKET
Theaters & concert halls
23239 Fm 1485th Rd New Caney, TX 77357-7331
Individually Owned
16-yr Hold
Free & Clear
Property ID
US83-2424357
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
2001
Total area
2,781 SF
Lot
0.88 ac (38,376 SF)
Zoning code
5
APN
0193-01-00700
UPID
US83-2424357
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
American Legion Holbrook · 16 yrs held
American Legion Holbrook
since 2010
3 recorded transactions
Zoning & alternative use
5 · New Caney, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,978
Tax year 2024
Assessed value
$350,915
Assessed 2024
Previous assessed
$354,710
-1.1% YoY
Effective rate
2.27%
On assessed value
Assessed land
$131,335
Assessed improvement
$219,580
Land market value
$131,335
Improvement market value
$219,580
Total market value
$350,915
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
2
Total area
2,781 SF
Lot
0.88 ac (38,376 SF)
Zoning code
5
APN
0193-01-00700
UPID
US83-2424357
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.
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
American Legion Holbrook
Individual
Free & Clear · 16 yrs held
Mailing address
PO BOX 1615, NEW CANEY, TX 77357-1615
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2010
—
American Legion Holbrook
Leiding,harry A & Delores J
Warranty Deed
—
Sep 25, 2007
—
Harry A Leiding
Locke,allan B & Patricia A
Warranty Deed
related
—
Jun 9, 2005
—
Allan B Locke
Montgomery County Youth Services
Venders Lien
$80,000 · Jpmorgan Chase Bank NA
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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