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Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Retail space
3570 Fm 1488th Rd Conroe, TX 77384-3805
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-2441943
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Total area
8,922 SF
Lot
0.74 ac (32,234 SF)
APN
6252-00-00200
UPID
US83-2441943
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
-
5Point Credit Union Credit Union
-
Leafwell - Medical Marijuana Cards - Conroe Medical Clinic
-
Super Floor Store and Remodeling Center LLC Construction Company General Contractor
-
ZAR Conroe - Premium CBD & THC Products (Bike/Boat/Book/etc) Store
-
Cypress Driving School- Dps Road test- Woodlands-Conroe Training Center Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.14M
Owner & transaction history
Km Town Plaza LLC · 12 yrs held
Km Town Plaza LLC
since 2014
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+105.9%
Restaurant
$1.1M
+57.6%
Warehouse, storage
$845,000
+25.2%
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 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
COMMERCIAL (GENERAL)
$1,385,000
Change: +106% · Conversion: Easy
RESTAURANT
$1,060,000
Change: +58% · Conversion: Easy
WAREHOUSE, STORAGE
$845,000
Change: +25% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$810,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$795,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$715,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±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
$127 / 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
$31,010
Tax year 2024
Assessed value
$2,000,000
Assessed 2024
Previous assessed
$1,964,250
+1.8% YoY
Effective rate
1.55%
On assessed value
Assessed land
$515,744
Assessed improvement
$1,484,256
Land market value
$515,744
Improvement market value
$1,484,256
Total market value
$2,000,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2016
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
2
Total area
8,922 SF
Lot
0.74 ac (32,234 SF)
APN
6252-00-00200
UPID
US83-2441943
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
COMMERCIAL (GENERAL)
Est. value
$1.4M
RESTAURANT
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$845,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$795,000
OFFICE BUILDING
Est. value
$715,000
COMMERCIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2016
Heating
FORCED AIR
Cooling
Yes
Bathrooms
2
Lot
0.74 ac
Current owner
From public records · entity-resolved
Km Town Plaza LLC
Entity
Mailing address
5555 SAN FELIPE ST STE #510, HOUSTON, TX 77056-2722
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
May 2, 2014
—
Km Town Plaza LLC
Km-town Center LLC
Grant Deed
related
—
Nov 2, 2007
—
Kim-town Center LLC
Advantage Realty Partners Ltd
Warranty Deed
related
—
Sep 27, 2005
—
Global Signal Acquisitions II
—
Deed Of Trust
related
$850,000,000 · Morgan Stanley Asset Funding
Aug 24, 2004
—
Advantage Realty Partners Ltd
—
Trustees Deed
related
$1,042,547 · Woodforest National Bank
—
—
Km Town Plaza III LLC
—
Deed Of Trust
related
$1,685,984 · Community Bk/tx
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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