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    Property profile & analytics

    5611 Davis St Conroe, TX 77304-4211

    • Warehouses
    • 11,200 SF
    • 2.13 lot acres
    OFF-MARKET
    Last Sale
    Jul 14, 2021
    Value Estimations
    $680,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2377469
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Simmons Custom Granite / Building Supply / Hardware & Home Improvement

    Property Details for 5611 Davis St

    Year built
    2015
    Lot size
    2.13 lot acres
    Property size
    11,200 SF
    Property type
    Warehouses
    APN
    9483-00-00100
    APU
    94830000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $608,000
      Market price range: $360k - $1.01M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $655,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,015,000
      Change: +56% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,000,000
      Change: +53% Conversion: Easy
      OFFICE BUILDING
      $900,000
      Change: +38% Conversion: Difficult
      RETAIL STORES
      $845,000
      Change: +30% Conversion: Moderate
      MEDICAL BUILDING
      $790,000
      Change: +21% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.5227
    Latitude
    30.3395
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $18,205
    $417,523
    $816,078
    $1,233,601
    -
    $417,523
    $816,078
    $1,233,601

    Comparable in this City

    • Value Estimation
      $605,000
      4.68 Acres

      1909 Longmire Rd

      WAREHOUSE, STORAGE • 4.68 Acres
      1909 Longmire Rd, Conroe, TX 77304
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    • Value Estimation by Request
      1,980 SF

      4491 Interstate 45th N

      WAREHOUSE, STORAGE • 1,980 SF
      4491 Interstate 45th N, Conroe, TX 77304-3432
      View Details
    • Value Estimation
      $2,050,000
      102,036 SF

      2135 Davis St

      MINI-WAREHOUSE, STORAGE • 102,036 SF
      2135 Davis St, Conroe, TX 77304-2050
      View Details
    • Value Estimation
      $11,480,000
      231,261 SF

      3200 Davis St

      WAREHOUSE, STORAGE • 231,261 SF
      3200 Davis St, Conroe, TX 77304-2040
      View Details
    • Value Estimation
      $850,000
      32,432 SF

      110 Dm Site Rd

      MINI-WAREHOUSE, STORAGE • 32,432 SF
      110 Dm Site Rd, Conroe, TX 77304
      View Details
    • Value Estimation by Request
      2,464 SF

      11396 Fm 2854th Rd

      WAREHOUSE, STORAGE • 2,464 SF
      11396 Fm 2854th Rd, Conroe, TX 77304-5158
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      96,504 SF

      Highway Frontage Retail/Office Spaces

      Retail, office, and warehouse spaces available near Interstate 45.
      6421 Highway 105 W, Conroe, TX 77304
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    • $985,000
      12,811 SF

      Conroe Commercial Property on Hwy 105

      Versatile commercial property with warehouse, office, and expansion potential.
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    • Contact for pricing
      8.79 Acres

      Conroe Commercial Land - 8.79 Acres

      Highway 105 frontage, prime development land.
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    • Contact for pricing
      33.60 Acres

      Conroe Land: 33.6 Acres, 3 Parcels

      Prime Conroe land, ideal for mixed-use development.
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      0.99 Acres

      Lake Conroe Commercial Pad Site

      Prime Retail/Industrial Land, High Traffic
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    Similar Nearby for Lease

    • Contact for pricing
      13,280 SF

      Industrial Buildings with Outside Storage

      Warehouses with office space and easy highway access for lease.
      2047 Teas Nursery Rd, Conroe, TX 77304
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    • Contact for pricing
      9,940 SF

      Conroe Warehouse with Secured Yard

      9,940 SF warehouse with stabilized yard and dual access.
      1120 Fm 3083 Rd, Conroe, TX 77304
      View Details
    • $12 SF/Yr
      6,600 SF

      Conroe Office/Warehouse Space Available

      Office/warehouse space featuring offices, break room, and insulated warehouse.
      6421-6515 Highway 105 W, Conroe, TX 77304
      View Details
    • $12 SF/Yr
      45,500 SF

      Conroe Industrial Warehouse Space

      Highway 105 prime location, divisible warehouse
      5457 Davis St, Conroe, TX 77304
      View Details
    • $11 SF/Yr
      12,000 SF

      Conroe Warehouse: Reduced Rate!

      12,000 SF Warehouse - Immediate Occupancy
      12344 Fm 2854 Rd, Conroe, TX 77304
      View Details
    • Contact for pricing
      65,354 SF

      Conroe Medical Office Space for Lease

      Prime Medical Office Suites in Conroe, TX
      500 Medical Center Blvd, Conroe, TX 77304
      View Details
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    5611 Davis St
    Conroe, TX 77304-4211
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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