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Property profile & analytics
OFF-MARKET
Estimated value
$7,700,000
Warehouses
3400 Pollok Dr Conroe, TX 77303-5708
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US83-2322902
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Total area
70,568 SF
Lot
45.56 ac (1,984,463 SF)
APN
3453-60-00100
UPID
US83-2322902
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
-
FedEx Freight Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.71M
Comparable Approach
Comparable
$8.69M
Blend (final)
Blend
$7.70M
Owner & transaction history
Bayshore Parcel LLC · 4 yrs held
Bayshore Parcel LLC
since 2022
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.0M
+130.3%
Restaurant
$8.4M
+76.4%
Apartment house (5+ units)
$6.4M
+34.4%
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%
$7,270,000
6.5%
$6,710,000
7%
$6,230,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,760,000
Current use
COMMERCIAL (GENERAL)
$10,965,000
Change: +130% · Conversion: Difficult
RESTAURANT
$8,400,000
Change: +76% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,400,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,295,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$5,660,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$5,325,000
Change: +12% · Conversion: Moderate
MEDICAL BUILDING
$4,990,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$7.70M
Range $6.93M – $8.47M · ±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
$109 / 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
$332,690
Tax year 2024
Assessed value
$17,361,084
Assessed 2024
Previous assessed
$27,961,160
-37.9% YoY
Effective rate
1.92%
On assessed value
Assessed land
$3,080,384
Assessed improvement
$14,280,700
Land market value
$3,080,384
Improvement market value
$14,280,700
Total market value
$17,361,084
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Heating
NONE
Cooling
NONE
Buildings
2
Total area
70,568 SF
Lot
45.56 ac (1,984,463 SF)
APN
3453-60-00100
UPID
US83-2322902
Jurisdiction
MONTGOMERY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$11.0M
RESTAURANT
Est. value
$8.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.4M
AUTO REPAIR, GARAGE
Est. value
$6.3M
OFFICE BUILDING
Est. value
$5.7M
RETAIL STORES
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$5.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL 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
2018
Heating
NONE
Cooling
Yes
Buildings
2
Lot
45.56 ac
Current owner
From public records · entity-resolved
Bayshore Parcel LLC
Entity
Mailing address
2600 GOLDEN GATE PKWY, NAPLES, FL 34105-3227
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2022
—
Bayshore Parcel LLC
Norman Conroe Tx LLC
Special Warranty Deed
$737,408 · Bmo Harris Bank NA
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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