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Property profile & analytics
FOR LEASE
Warehouses
26803 Hanna Rd, Conroe, TX 77385
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-2346764
For Lease
1 / 49
$15 SF/Yr
26803 Hanna Rd, Conroe, TX 77385
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Total area
105,600 SF
Lot
5.68 ac (247,334 SF)
Zoning code
6
APN
0350-80-00700
UPID
US83-2346764
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
-
Little Beakers - The Woodlands High School Vocational School
-
WorldPAC Big Box & Wholesale Store
-
Texas Academy of Dance Arts Training Center
-
JM Racing Auto Repair Shop Motorcycle Shop
-
LGND Barbell Co. Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.85M
Blend (final)
Blend
$5.24M
Owner & transaction history
Hanna Busn Park Section Two LP · 12 yrs held
Hanna Busn Park Section Two LP
since 2013
5 recorded transactions
Zoning & alternative use
6 · Conroe, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.0M
+60.6%
Medical building
$7.5M
+50.4%
Office building
$5.4M
+9.5%
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 Conroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conroe 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
WAREHOUSE, STORAGE
$4,965,000
Current use
RETAIL STORES
$7,970,000
Change: +61% · Conversion: Moderate
MEDICAL BUILDING
$7,465,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$5,435,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$5.24M
Range $4.71M – $5.76M · ±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
$50 / 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
$212,733
Tax year 2024
Assessed value
$10,250,000
Assessed 2024
Previous assessed
$10,164,000
+0.8% YoY
Effective rate
2.08%
On assessed value
Assessed land
$494,666
Assessed improvement
$9,755,334
Land market value
$494,666
Improvement market value
$9,755,334
Total market value
$10,250,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2018
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
105,600 SF
Lot
5.68 ac (247,334 SF)
Zoning code
6
APN
0350-80-00700
UPID
US83-2346764
Jurisdiction
MONTGOMERY
Zoning & alternative use
6 · Conroe, TX
Zoning 6 · permitted uses
6 · Conroe, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Conroe. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.0M
RETAIL STORES
Est. value
$8.0M
MEDICAL BUILDING
Est. value
$7.5M
OFFICE BUILDING
Est. value
$5.4M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
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
2018
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
5.68 ac
Current owner
From public records · entity-resolved
Hanna Busn Park Section Two LP
Entity
Mailing address
8 THIMBLEBERRY CT, THE WOODLANDS, TX 77380-1543
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 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
Jan 25, 2017
—
Hanna Busn Park Section Two LP
—
Deed
related
$5,457,270 · New First Nat'l Bk
Sep 20, 2013
—
Hanna Busn Park Section Two LP
Hanna Business Park LP
Quit Claim Deed
—
Jun 10, 2010
—
Hanna Business Park LP
Magill Arthur C
Warranty Deed
$350,000 · Jerry R Hamilton
—
—
Hanna Busn Park Section Two LP
—
Loan Modification
related
$5,457,270 · New First Nat'l Bk
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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