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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Warehouses
35615 Fm 149th Rd Pinehurst, TX 77362-2812
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US83-2208901
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2002
Total area
6,000 SF
Lot
1.98 ac (86,249 SF)
APN
0120-01-04200
UPID
US83-2208901
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
-
Best Value Storage Pinehurst Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$622k
Blend (final)
Blend
$610k
Owner & transaction history
Storage 149 LLC · 3 yrs held
Storage 149 LLC
since 2022
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$910,000
+122.0%
Apartment house (5+ units)
$710,000
+73.8%
Restaurant
$690,000
+68.5%
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 Pinehurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pinehurst 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
$410,000
Current use
COMMERCIAL (GENERAL)
$910,000
Change: +122% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$710,000
Change: +74% · Conversion: Difficult
RESTAURANT
$690,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$545,000
Change: +33% · Conversion: Easy
OFFICE BUILDING
$535,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$385,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$102 / 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
$10,735
Tax year 2024
Assessed value
$725,000
Assessed 2024
Previous assessed
$680,000
+6.6% YoY
Effective rate
1.48%
On assessed value
Assessed land
$172,498
Assessed improvement
$552,502
Land market value
$172,498
Improvement market value
$552,502
Total market value
$725,000
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
2002
Heating
NONE
Cooling
NONE
Buildings
3
Rooms
10
Bathrooms
2
Total area
6,000 SF
Lot
1.98 ac (86,249 SF)
APN
0120-01-04200
UPID
US83-2208901
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
$410,000
COMMERCIAL (GENERAL)
Est. value
$910,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$710,000
RESTAURANT
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$545,000
OFFICE BUILDING
Est. value
$535,000
RETAIL STORES
Est. value
$385,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE 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
2002
Heating
NONE
Cooling
Yes
Buildings
3
Rooms
10
Bathrooms
2
Lot
1.98 ac
Current owner
From public records · entity-resolved
Storage 149 LLC
Entity
Mailing address
71 SILVERMONT DR, SPRING, TX 77382-2007
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2022
—
Storage 149 LLC
United Public Storage LLC
Venders Lien
$975,000 · Prosperity Bank
Oct 30, 2019
—
United Public Storage LLC
—
Deed
related
$640,800 · Third Coast Bk Ssb
May 5, 2017
—
2gm Holdings LLC
Gilmar Investments LLC
Warranty Deed
—
Jul 2, 1999
—
Clarence Neumann
Magnolia Ind School Dist Ttee
Grant Deed
related
—
—
—
United Public Storage LLC
—
Deed Of Trust
related
$640,800 · Third Coast Bk Ssb
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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