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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Warehouses
31711 Fm 2978th Rd, Magnolia, TX 77354-4499
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US83-2387150
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Total area
5,640 SF
Lot
0.92 ac (40,000 SF)
Zoning code
2
APN
9495-02-07900
UPID
US83-2387150
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
-
Windows & Walls (Bike/Boat/Book/etc) Store Home Decor Store
-
Veteran Parking Lot Striping General Contractor Construction Company
-
Straight Lines Parking Lot Striping General Contractor Construction Company
-
First Class Mini Split Installers HVAC Service General Contractor
-
Woodlands Storage & Office Suites Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$579k
Blend (final)
Blend
$595k
Owner & transaction history
Dt Storage Woodlands LLC · 3 yrs held
Dt Storage Woodlands LLC
since 2023
6 recorded transactions
Zoning & alternative use
2 · Magnolia, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$670,000
+17.1%
Restaurant
$650,000
+13.6%
Auto repair, garage
$585,000
+2.2%
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 Magnolia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Magnolia 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
WAREHOUSE, STORAGE
$570,000
Current use
APARTMENT HOUSE (5+ UNITS)
$670,000
Change: +17% · Conversion: Difficult
RESTAURANT
$650,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$585,000
Change: +2% · Conversion: Easy
COMMERCIAL (GENERAL)
$490,000
Change: -14% · Conversion: Difficult
OFFICE BUILDING
$470,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$105 / 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
$9,472
Tax year 2024
Assessed value
$701,922
Assessed 2024
Previous assessed
$600,000
+17.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$320,000
Assessed improvement
$381,922
Land market value
$320,000
Improvement market value
$381,922
Total market value
$701,922
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Heating
NONE
Cooling
NONE
Buildings
3
Rooms
10
Bathrooms
1
Total area
5,640 SF
Lot
0.92 ac (40,000 SF)
Zoning code
2
APN
9495-02-07900
UPID
US83-2387150
Jurisdiction
MONTGOMERY
Zoning & alternative use
2 · Magnolia, TX
Zoning 2 · permitted uses
2 · Magnolia, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Magnolia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$570,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$670,000
RESTAURANT
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$585,000
COMMERCIAL (GENERAL)
Est. value
$490,000
OFFICE BUILDING
Est. value
$470,000
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE 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
1998
Heating
NONE
Cooling
Yes
Buildings
3
Rooms
10
Bathrooms
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Dt Storage Woodlands LLC
Entity
Mailing address
1398 ELDRIDGE PKWY STE #210, HOUSTON, TX 77077-2548
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2024
—
Dt Storage Woodlands LLC
—
Deed
related
$925,000 · Comerica Bank
Jul 7, 2023
—
Dt Storage Woodlands LLC
Walters Venture Ltd
Venders Lien
$535,000 · Dennis Pham Etux
Sep 10, 2001
—
Walters Venture Ltd 1
Vision Private Storage INC
Grant Deed
related
—
Nov 2, 1998
—
Vision Private Storage INC
Vision Investors INC
Quit Claim Deed
related
$264,000 · Southwest Bank Of Texas
Jun 29, 1998
—
Vision Investors INC
South Rich Investments INC
Grant Deed
related
—
—
—
Walters Ventures Ltd I
—
Deed Of Trust
related
$313,500 · Comerica Bank
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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