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Property profile & analytics
OFF-MARKET
Estimated value
$6,270,000
Warehouses
4308 Davis St Conroe, TX 77304-4284
Entity Owned
Free & Clear
Property ID
US83-2261089
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Total area
76,011 SF
Lot
21.73 ac (946,341 SF)
APN
0002-06-00207
UPID
US83-2261089
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
-
Iglesia Celebracion Church
-
First Methodist Conroe Church
-
Conroe Youth Family Recreation Center Community Center
-
First Methodist Day High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.23M
Comparable Approach
Comparable
$5.31M
Blend (final)
Blend
$6.27M
Owner & transaction history
FIRST UNITED METHODIST CHURCH CONROE
FIRST UNITED METHODIST CHURCH CONROE
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.0M
+104.2%
Apartment house (5+ units)
$6.9M
+55.6%
Auto repair, garage
$6.8M
+53.1%
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%
$7,830,000
6.5%
$7,225,000
7%
$6,710,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,430,000
Current use
RESTAURANT
$9,045,000
Change: +104% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,895,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,780,000
Change: +53% · Conversion: Easy
OFFICE BUILDING
$6,095,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$5,740,000
Change: +30% · Conversion: Moderate
MEDICAL BUILDING
$5,375,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$6.27M
Range $5.64M – $6.90M · ±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
$82 / 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
Assessed value
$10,760,870
Assessed 2024
Previous assessed
$10,930,650
-1.6% YoY
Assessed land
$5,625,800
Assessed improvement
$5,135,070
Land market value
$5,625,800
Improvement market value
$5,135,070
Total market value
$10,760,870
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
2004
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Bathrooms
2
Total area
76,011 SF
Lot
21.73 ac (946,341 SF)
APN
0002-06-00207
UPID
US83-2261089
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
$4.4M
RESTAURANT
Est. value
$9.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$6.8M
OFFICE BUILDING
Est. value
$6.1M
RETAIL STORES
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$5.4M
WAREHOUSE, STORAGE Current
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
2004
Heating
FORCED AIR
Cooling
Yes
Buildings
3
Bathrooms
2
Lot
21.73 ac
Current owner
From public records · entity-resolved
FIRST UNITED METHODIST CHURCH CONROE
Individual
Free & Clear · 0 yrs held
Mailing address
4308 W DAVIS ST, CONROE, TX 77304-4284
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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