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Property profile & analytics
OFF-MARKET
Estimated value
$5,545,000
Office buildings
26797 Hanna Rd Spring, TX 77386
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-2469574
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
32,258 SF
Lot
6 ac (261,360 SF)
APN
5707-00-00100
UPID
US83-2469574
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
$6.21M
Comparable Approach
Comparable
$4.88M
Blend (final)
Blend
$5.55M
Owner & transaction history
Hanna Business Park LP · 6 yrs held
Hanna Business Park LP
since 2020
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$8.2M
+93.9%
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 Spring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring 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%
$6,725,000
6.5%
$6,205,000
7%
$5,765,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,205,000
Current use
INDUSTRIAL (GENERAL)
$8,150,000
Change: +94% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,680,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$5.55M
Range $4.99M – $6.10M · ±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
$172 / 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
$181,993
Tax year 2024
Assessed value
$8,700,000
Assessed 2024
Previous assessed
$8,695,300
+0.1% YoY
Effective rate
2.09%
On assessed value
Assessed land
$522,720
Assessed improvement
$8,177,280
Land market value
$522,720
Improvement market value
$8,177,280
Total market value
$8,700,000
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
2007
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
9
Total area
32,258 SF
Lot
6 ac (261,360 SF)
APN
5707-00-00100
UPID
US83-2469574
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
OFFICE BUILDING Current
Est. value
$4.2M
INDUSTRIAL (GENERAL)
Est. value
$8.2M
COMMERCIAL (GENERAL)
Est. value
$3.7M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
2007
Heating
FORCED AIR
Cooling
Yes
Buildings
9
Lot
6 ac
Current owner
From public records · entity-resolved
Hanna Business Park LP
Entity
Mailing address
8 THIMBLEBERRY CT, THE WOODLANDS, TX 77380-1543
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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 14, 2020
—
Hanna Business Park LP
—
Deed
related
$16,600,000 · Goldman Sachs Bank USA
—
—
Hanna Business Park LP
—
Deed Of Trust
related
$5,400,000 · Bank Of America
—
—
Business Park Hanna
—
Deed Of Trust
related
$4,909,000 · Icap Realty Advisors Of Texas
—
—
Hanna Business Park LP
—
Deed Of Trust
related
$350,000 · John A JR & Rebecca P Tatum
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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