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    Property profile & analytics

    28673 Interstate 45 Shenandoah, TX 77381-1140

    • Motels
    • 19,174 SF
    • 2.65 lot acres
    OFF-MARKET
    Value Estimations
    $1,155,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2378872
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Motels

    Property Details for 28673 Interstate 45

    Year built
    1985
    Lot size
    2.65 lot acres
    Property size
    19,174 SF
    Property type
    Motels
    APN
    9714-00-00100
    APU
    97140000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,125,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,230,000
      WAREHOUSE, STORAGE
      $1,145,000
      MEDICAL BUILDING
      $1,115,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Shenandoah
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4531
    Latitude
    30.1797
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $62,582
    $2,310,422
    $489,578
    $2,800,000
    -
    $2,310,422
    $489,578
    $2,800,000

    Comparable in this City

    • Value Estimation
      $1,605,000
      82,273 SF

      29813 Interstate 45

      MOTEL • 82,273 SF
      29813 Interstate 45, Shenandoah, TX 77381-1152
      View Details
    • Value Estimation
      $760,000
      37,551 SF

      29007 Interstate 45

      MOTEL • 37,551 SF
      29007 Interstate 45, Shenandoah, TX 77381-1144
      View Details
    • Value Estimation by Request
      137,939 SF

      9709 Lakeside Blvd

      Individual retail properties • 137,939 SF
      9709 Lakeside Blvd, The Woodlands, TX 77381
      View Details
    • Value Estimation
      $1,965,000
      81,600 SF

      4775 Panther Crk Dr

      RETAIL STORES (PERSONAL SERVICES) • 81,600 SF
      4775 Panther Crk Dr, The Woodlands, TX 77381-3592
      View Details
    • Value Estimation
      $2,370,000
      66,160 SF

      4455 Panther Crk Pne

      MINI-WAREHOUSE, STORAGE • 66,160 SF
      4455 Panther Crk Pne, Spring, TX 77381-3749
      View Details
    • Value Estimation
      $1,175,000
      12,710 SF

      29915 Interstate 45

      WAREHOUSE, STORAGE • 12,710 SF
      29915 Interstate 45, Shenandoah, TX 77381
      View Details

    Similar Nearby for Sale

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      Medical Office Space in Woodlands

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      48,354 SF

      The Woodlands Office Space Available

      Office space for sale in The Woodlands, Texas.
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    • $20,000,000

      22.56 Acres in The Woodlands

      22.56 acres of land with potential in The Woodlands.
      Monteverdi Dr, The Woodlands, TX 77381
      View Details
    • $1,680,000
      5,600 SF

      Shenandoah Mixed-Use Investment Opportunity

      Prime Shenandoah location, high-traffic area.
      118 Shenandoah Dr, Shenandoah, TX 77381
      View Details
    • $1,680,000
      5,600 SF

      Prime Office/Retail Space Woodlands

      Adaptable office/retail space in high-traffic Woodlands mixed-use strip.
      118 Shenandoah Dr, Shenandoah, TX 77381
      View Details
    • Contact for pricing
      48,354 SF

      ±48,000 SF Class B Office building available for sale in The Woodland

      4055 Technology Forest Blvd | The Woodlands, TX 77381
      4055 Technology Forest Blvd, The Woodlands, TX 77381
      View Details

    Similar Nearby for Lease

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      125,186 SF

      The Woodlands Crossing Retail Space

      Prime Retail Space in The Woodlands
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      4,050 SF

      Freestanding Retail Space Available

      Prime retail space near Interstate 45 and Memorial Hermann.
      1410 Research Forest Dr, Spring, TX 77381
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    • Contact for pricing
      5,208 SF

      Office Space with Private Entrance

      Shell office space available for rent with private entrance.
      8401 New Trails Dr, The Woodlands, TX 77381
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    • $32 SF/Yr
      137,939 SF

      Research Forest Lakeside Office

      Class A Executive Suites, The Woodlands
      9709 Lakeside Blvd, The Woodlands, TX 77381
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    • Contact for pricing

      Office Space in The Woodlands

      Office space available for rent in The Woodlands, Texas.
      4576 Research Forest Dr, Spring, TX 77381
      View Details
    • Contact for pricing
      9,500 SF

      The Woodlands Office Space Available

      Office space available for rent in The Woodlands, Texas.
      2700 Technology Forest Blvd, The Woodlands, TX 77381
      View Details
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    28673 Interstate 45
    Shenandoah, TX 77381-1140
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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