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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Retail space
27562 Robinson Rd Conroe, TX 77385-7514
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US83-2589993
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2015
Total area
6,904 SF
Lot
0.9 ac (39,117 SF)
APN
0350-64-03809
UPID
US83-2589993
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
-
Nedd Guitars (Bike/Boat/Book/etc) Store
-
Desert Stands Hair Salon
-
Outer Image Design Landscaping General Contractor
-
South Woodlands Art Gallery Art Gallery
-
NCORP Properties General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$694k
Blend (final)
Blend
$545k
Owner & transaction history
Ncorp Properties INC · 8 yrs held
Ncorp Properties INC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$820,000
+57.6%
Apartment house (5+ units)
$625,000
+20.1%
Auto repair, garage
$615,000
+18.2%
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 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
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$520,000
Current use
RESTAURANT
$820,000
Change: +58% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$625,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$615,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$490,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$79 / 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
$23,245
Tax year 2024
Assessed value
$1,204,933
Assessed 2024
Previous assessed
$1,174,000
+2.6% YoY
Effective rate
1.93%
On assessed value
Assessed land
$156,468
Assessed improvement
$1,048,465
Land market value
$156,468
Improvement market value
$1,048,465
Total market value
$1,204,933
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2015
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
1
Bathrooms
2
Total area
6,904 SF
Lot
0.9 ac (39,117 SF)
APN
0350-64-03809
UPID
US83-2589993
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
RETAIL STORES Current
Est. value
$520,000
RESTAURANT
Est. value
$820,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$625,000
AUTO REPAIR, GARAGE
Est. value
$615,000
MEDICAL BUILDING
Est. value
$490,000
RETAIL STORES Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL 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
2015
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Bathrooms
2
Lot
0.9 ac
Current owner
From public records · entity-resolved
Ncorp Properties INC
Entity
Mailing address
27562 ROBINSON RD, CONROE, TX 77385-7514
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2020
—
Ncorp Properties INC
—
Deed
related
$100,000 · Allegiance Bk
Jun 27, 2018
—
Ncorp Properties INC
Cho,isaac S & Young A
Grant Deed
$286,600 · Allegiance Bk
Mar 1, 2017
—
Ncorp Properties INC
—
Deed
related
$100,000 · Allegiance Bank
Sep 13, 2016
—
Ncorp Properties INC
—
Deed
related
$978,000 · Allegiance Bk
May 27, 2015
—
Ncorp Properties INC
Facility Concession Services I
Warranty Deed
$495,000 · Allegiance Bk/tx
Dec 20, 2005
—
Facility Concession Svcs INC
Lindsey,michael D & Sherri M
Warranty Deed
related
—
—
—
Ncorp Properties INC
—
Deed Of Trust
related
$50,000 · Allegiance Bk
—
—
Ncorp Properties INC
—
Loan Modification
related
$100,000 · Allegiance Bk
—
—
Ncorp Properties INC
—
Deed Of Trust
related
$978,000 · Allegiance Bk
—
—
Michael D Lindsey
—
Deed Of Trust
related
$20,066 · Wells Fargo Bank Texas 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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