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Property profile & analytics
OFF-MARKET
Estimated value
$3,070,000
Warehouses
550 Clb Dr Montgomery, TX 77316-3190
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US83-2312683
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2015
Construction
FRAME
Total area
50,456 SF
Lot
2.6 ac (113,300 SF)
APN
0008-00-01204
UPID
US83-2312683
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
-
David Kubicki: Allstate Insurance Insurance Agency
-
Packet Beach Construction Company General Contractor
-
Mako Logics LLC Tech Support Center IT Consulting Firm
-
Montgomery TX Computer Repair Computer & Electronic Repair
-
HEMINGWAY CPA INC Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.23M
Blend (final)
Blend
$3.07M
Owner & transaction history
Cross Development Of Montgomery L · 2 yrs held
Cross Development Of Montgomery L
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Montgomery submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montgomery 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
Blend value · Realmo final
$3.07M
Range $2.76M – $3.38M · ±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
$61 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$111,487
Tax year 2023
Assessed value
$5,049,020
Assessed 2024
Previous assessed
$5,049,020
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$113,300
Assessed improvement
$4,935,720
Land market value
$113,300
Improvement market value
$4,935,720
Total market value
$5,049,020
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
2015
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Total area
50,456 SF
Lot
2.6 ac (113,300 SF)
APN
0008-00-01204
UPID
US83-2312683
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
Building & site characteristics
From public records
Year built
2015
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
3
Lot
2.6 ac
Current owner
From public records · entity-resolved
Cross Development Of Montgomery L
Entity
Mailing address
550 CLB DR, MONTGOMERY, TX 77316-3190
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Cross Development Of Montgomery L
—
Loan Modification
related
$6,500,000 · First United Bk
—
—
Westland Bunker Two LLC
—
Loan Modification
related
$1,000,000 · First United Bk
—
—
Cross Dev Of Montgomery LP
—
Loan Modification
related
$6,500,000 · First United Bk
—
—
Westland Bunker Two LLC
—
Loan Modification
related
$1,000,000 · First United Bk
—
—
Westland Bunker Two LLC
—
Loan Modification
related
$1,000,000 · First United Bk
—
—
Cross Dev Of Montgomery LP
—
Loan Modification
related
$6,500,000 · First United Bk
—
—
Westland Bunker Two LLC
—
Loan Modification
related
$1,000,000 · First United Bk
—
—
Westland Bunker Two LLC
—
Loan Modification
related
$1,000,000 · First United Bk
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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