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Property profile & analytics
OFF-MARKET
Estimated value
$7,790,000
Manufacturing properties
2828 Technology Frst Blvd The Woodlands, TX 77381-3900
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US83-2375612
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Total area
80,548 SF
Lot
4.2 ac (183,083 SF)
Zoning code
6
APN
9714-02-00105
UPID
US83-2375612
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
$6.31M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.79M
Owner & transaction history
Black Frst Woodlands Holdings · 13 yrs held
Black Frst Woodlands Holdings
since 2012
2 recorded transactions
Zoning & alternative use
6 · The Woodlands, 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 The Woodlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs The Woodlands 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%
$6,835,000
6.5%
$6,305,000
7%
$5,855,000
Blend value · Realmo final
$7.79M
Range $7.01M – $8.57M · ±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
$97 / 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
$90,497
Tax year 2024
Assessed value
$4,700,000
Assessed 2024
Previous assessed
$5,450,000
-13.8% YoY
Effective rate
1.93%
On assessed value
Assessed land
$2,196,984
Assessed improvement
$2,503,016
Land market value
$2,196,984
Improvement market value
$2,503,016
Total market value
$4,700,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Bathrooms
4
Total area
80,548 SF
Lot
4.2 ac (183,083 SF)
Zoning code
6
APN
9714-02-00105
UPID
US83-2375612
Jurisdiction
MONTGOMERY
Zoning & alternative use
6 · The Woodlands, TX
Zoning 6 · permitted uses
6 · The Woodlands, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
The Woodlands. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Heating
FORCED AIR
Cooling
Yes
Buildings
4
Bathrooms
4
Lot
4.2 ac
Current owner
From public records · entity-resolved
Black Frst Woodlands Holdings
Entity
Mailing address
24 WATERWAY AVE STE #225, THE WOODLANDS, TX 77380-3446
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2012
—
Black Frst Woodlands Holdings
Dirk D Laukien
Grant Deed
$10,900,000 · Miscellaneous Ins Co
Dec 27, 2006
—
Dirk D Laukien
Medical Manufacturing Partners
Grant Deed
related
—
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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