3710 Fm 1488th Rd Conroe, TX 77384-3914
Grocery and convenience stores
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Entity Owned
15-yr Hold
Free & Clear
For Sale
1 / 5
$2,443,000
3710 Fm 1488th Rd, Conroe, TX 77384-3914
View Listing →
Estimated value (blended)
$535k
Range $482k – $589k (±10%)
Property ID
US83-2379250
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2011
Construction
FRAME
Total area
5,600 SF
Lot
1.5 ac (65,253 SF)
Zoning code
2
APN
2625-03-03000
UPID
US83-2379250
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Gas Station
-
Cinema (Bike/Boat/Book/etc) Store
-
Atm
-
Postal Service Courier Service
-
Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$688k
Blend (final)
Blend
$535k
Owner & transaction history
since 2010
2 recorded transactions
Zoning & alternative use
2 · Conroe, TX
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.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
7 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$535k
Value range
$482k – $589k
±10% around blend
Estimated value / SF
$96 / SF
Confidence
Property data
75
Comparable evidence
60
Income certainty
100
$482k
blend $535k
$589k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,600 SF
Lot area
1.5 ac
Year built
2011
APN
2625-03-03000
Assessed value
$1,955,456
Annual tax
$34,082
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$34,082
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$688k
Range $384k – $688k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$535k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
4.05%
Selected cap rate for this grocery and convenience stores
Derived from the Conroe market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.05%
9.0%
NOI (est.)
$99k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.44M
Move the market yield to see immediate price impact.
Value / SF
$436
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
3.55%4.05%4.55%
$89k
$2.51M
$2.20M
$1.96M
$99k
$2.79M
$2.44M
$2.17M
$109k
$3.07M
$2.69M
$2.39M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$34,082
Tax year 2024
Assessed value
$1,955,456
Assessed 2024
Previous assessed
$2,158,840
-9.4% YoY
Effective rate
1.74%
On assessed value
Assessed land
$1,245,060
Assessed improvement
$710,396
Land market value
$1,245,060
Improvement market value
$710,396
Total market value
$1,955,456
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
For Sale
Year built
2011
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Total area
5,600 SF
Lot
1.5 ac (65,253 SF)
Zoning code
2
APN
2625-03-03000
UPID
US83-2379250
Jurisdiction
MONTGOMERY
Zoning & alternative use
2 · Conroe, TXZoning 2 · permitted uses
2 · Conroe, 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
2011
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Lot
1.5 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
Conroe, TX
Recorded code
2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 2 in Conroe, TX.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
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
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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