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Property profile & analytics
OFF-MARKET
Estimated value
$7,720,000
Office buildings
301 Main St Conroe, TX 77301-3154
Entity Owned
3-yr Hold
Free & Clear
Property ID
US83-2332858
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
72,052 SF
Lot
1.44 ac (62,509 SF)
Zoning code
1
APN
2220-00-14000
UPID
US83-2332858
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
-
Montgomery County District Clerk County Government Office
-
Honorable Tracy Gilbert County Government Office
-
The Honorable Kristin Bays County Government Office
-
Montgomery County Courthouse County Government Office Courthouse
-
Honorable Suzanne Stovall County Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.90M
Blend (final)
Blend
$7.72M
Owner & transaction history
Loan Ranger Capital Investments Rei · 3 yrs held
Loan Ranger Capital Investments Rei
since 2023
3 recorded transactions
Zoning & alternative use
1 · Conroe, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.8M
+86.6%
Restaurant
$8.6M
+62.8%
Auto repair, garage
$6.9M
+31.8%
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
OFFICE BUILDING
$5,265,000
Current use
COMMERCIAL (GENERAL)
$9,830,000
Change: +87% · Conversion: Easy
RESTAURANT
$8,575,000
Change: +63% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,935,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,535,000
Change: +24% · Conversion: Easy
MEDICAL BUILDING
$5,095,000
Change: -3% · Conversion: Easy
RETAIL STORES
$4,840,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$7.72M
Range $6.95M – $8.49M · ±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
$107 / 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
Assessed value
$9,106,290
Assessed 2024
Previous assessed
$9,106,290
+0.0% YoY
Assessed land
$937,500
Assessed improvement
$8,168,790
Land market value
$937,500
Improvement market value
$8,168,790
Total market value
$9,106,290
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
1999
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
13
Bathrooms
2
Total area
72,052 SF
Lot
1.44 ac (62,509 SF)
Zoning code
1
APN
2220-00-14000
UPID
US83-2332858
Jurisdiction
MONTGOMERY
Zoning & alternative use
1 · Conroe, TX
Zoning 1 · permitted uses
1 · 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
OFFICE BUILDING Current
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$9.8M
RESTAURANT
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$6.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$5.1M
RETAIL STORES
Est. value
$4.8M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
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
1999
Heating
FORCED AIR
Cooling
Yes
Buildings
13
Bathrooms
2
Lot
1.44 ac
Current owner
From public records · entity-resolved
Loan Ranger Capital Investments Rei
Entity
Free & Clear · 3 yrs held
Mailing address
400 N SAN JACINTO ST STE #306, CONROE, TX 77301-2823
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2023
$119,500
Loan Ranger Capital Investments Rei
Rosabelle Homes LLC
Trustees Deed
related
—
Feb 15, 2023
$190,000
Fnals LLC
Andrew Bennett
Trustees Deed
related
—
Jan 26, 2023
—
Wells Fargo Bank NA
Lance W Segler
Trustees 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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