Individually Owned Property summary
AI-generated overview
This land property consists of approximately 12.3 acres in Montgomery County, Texas, within the Magnolia Independent School District. The tract has 1,208 feet of frontage on FM 1774 and 1,292 feet of frontage along the Aggie Expressway, providing visibility from SH 249 and FM 1774. It is located less than 10 miles from the Grand Parkway (SH 99) and less than 3.5 miles from FM 1488, with SH 249 featuring an average daily traffic count exceeding 28,000 vehicles.
Property profile
Verified
Property type
Other warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1994
Total area
7,890 SF
Lot
15.52 ac (676,095 SF)
Zoning code
2
APN
0020-00-03500
UPID
US83-2390650
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$818k
Blend (final)
Blend
$340k
Owner & transaction history
since 2008
1 recorded transaction
Zoning & alternative use
2 · Pinehurst, TX
Top alternative use upside
Commercial (general)
$1.2M
+122.0%
Apartment house (5+ units)
$935,000
+73.8%
Restaurant
$910,000
+68.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
7 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$340k
Value range
$306k – $374k
±10% around blend
Estimated value / SF
$43 / SF
Confidence
Property data
88
Comparable evidence
60
$306k
blend $340k
$374k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,890 SF
Lot area
15.52 ac
Year built
1994
APN
0020-00-03500
Zoning
2
Assessed value
$1,011,611
Annual tax
$4,243
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$818k
Range $311k – $818k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$340k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+122%
vs current-use indication
Apartment House (5+ Units)
Restaurant
Auto Repair, Garage
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.01M
Move the market yield to see immediate price impact.
Value / SF
$128
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$64k
$1.27M
$910k
$708k
$71k
$1.42M
$1.01M
$787k
$78k
$1.56M
$1.11M
$865k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,243
Tax year 2024
Assessed value
$1,011,611
Assessed 2024
Previous assessed
$690,000
+46.6% YoY
Effective rate
0.42%
On assessed value
Assessed land
$382,360
Assessed improvement
$629,251
Land market value
$382,360
Improvement market value
$629,251
Total market value
$1,011,611
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Heating
NONE
Cooling
NONE
Buildings
2
Rooms
10
Total area
7,890 SF
Lot
15.52 ac (676,095 SF)
Zoning code
2
APN
0020-00-03500
UPID
US83-2390650
Jurisdiction
MONTGOMERY
Zoning & alternative use
2 · Pinehurst, TXZoning 2 · permitted uses
2 · Pinehurst, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Cooling
Yes
Buildings
2
Rooms
10
Lot
15.52 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
2
Jurisdiction
Pinehurst, TX
Recorded code
2
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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