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Property profile & analytics
OFF-MARKET
Estimated value
$1,645,000
Drug stores
23865 Fm 1314th Rd Porter, TX 77365-3727
Entity Owned
4-yr Hold
Free & Clear
Property ID
US83-2417901
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2008
Construction
FRAME
Total area
13,120 SF
Lot
1.96 ac (85,334 SF)
APN
8460-04-90601
UPID
US83-2417901
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
-
CVS Pharmacy
-
MinuteClinic at CVS Medical Clinic
-
CVS Pharmacy Pharmacy
-
CVS Photo (Bike/Boat/Book/etc) Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.65M
Owner & transaction history
23865 Fm LLC · 4 yrs held
23865 Fm LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+173.6%
Warehouse, storage
$1.6M
+94.6%
Apartment house (5+ units)
$1.6M
+85.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,300,000
Change: +174% · Conversion: Easy
WAREHOUSE, STORAGE
$1,635,000
Change: +95% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,560,000
Change: +85% · Conversion: Difficult
RESTAURANT
$1,510,000
Change: +80% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,490,000
Change: +77% · Conversion: Difficult
OFFICE BUILDING
$1,185,000
Change: +41% · Conversion: Easy
Blend value · Realmo final
$1.65M
Range $1.48M – $1.81M · ±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
$125 / 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
$90,997
Tax year 2024
Assessed value
$4,850,000
Assessed 2024
Previous assessed
$3,960,000
+22.5% YoY
Effective rate
1.88%
On assessed value
Assessed land
$409,404
Assessed improvement
$4,440,596
Land market value
$409,404
Improvement market value
$4,440,596
Total market value
$4,850,000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2008
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Total area
13,120 SF
Lot
1.96 ac (85,334 SF)
APN
8460-04-90601
UPID
US83-2417901
Jurisdiction
MONTGOMERY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
RESTAURANT
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2008
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Lot
1.96 ac
Current owner
From public records · entity-resolved
23865 Fm LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2 OVERHILL RD STE #400, SCARSDALE, NY 10583-5316
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2022
—
23865 Fm LLC
Spw 7435 LLC
Special Warranty Deed
—
Apr 14, 2020
—
Spw 7435 LLC
Porter Mead P LLC
Grant Deed
related
—
Jan 23, 2017
—
Porter Mead P LLC
7435 Porter Holdings LLC
Quit Claim Deed
—
Mar 10, 2011
—
7435 Porter Holdings LLC
Scp 2009-c32-catx LP
Grant Deed
—
Jul 8, 2009
—
Scp 2009-c32-catx
Cvs Pharmacy INC
Warranty Deed
$3,988,246 · Wells Fargo Bank Northwest NA
Dec 10, 2007
—
Cvs Pharmacy INC
Atkins,norman L
Grant Deed
related
—
—
—
Scp 2009-c32-ca Tx LP
—
Deed Of Trust
related
$3,988,246 · Wells Fargo Bank Northwest (te
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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