Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    903 Hope Rd Conroe, TX 77384

    • Warehouses
    • 480 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2476527
    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

    • Warehouses

    Property Details for 903 Hope Rd

    Year built
    1980
    Construction
    FRAME
    Lot size
    0.70 lot acres
    Property size
    480 SF
    Zone code
    6
    Property type
    Warehouses
    APN
    0389-02-05201
    APU
    3890205201

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4587
    Latitude
    30.1977
    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
    $6,629
    $367,629
    $69,682
    $437,311
    -
    $367,629
    $69,682
    $437,311

    Comparable in this City

    • Value Estimation
      $265,000
      420 SF

      9137 Narcille St

      WAREHOUSE, STORAGE • 420 SF
      9137 Narcille St, Conroe, TX 77384
      View Details
    • Value Estimation
      $395,000
      2,240 SF

      4546 Fm 1488th Rd

      WAREHOUSE, STORAGE • 2,240 SF
      4546 Fm 1488th Rd, Conroe, TX 77384-3954
      View Details
    • Value Estimation
      $545,000
      120,040 SF

      2828 Fm 1488th Rd

      MINI-WAREHOUSE, STORAGE • 120,040 SF
      2828 Fm 1488th Rd, Conroe, TX 77384-3946
      View Details
    • Value Estimation
      $150,000
      7,148 SF

      6375 College Park Dr

      MINI-WAREHOUSE, STORAGE • 7,148 SF
      6375 College Park Dr, Conroe, TX 77384-4971
      View Details
    • Value Estimation
      $310,000
      7,128 SF

      15483 Pin Oak Dr

      WAREHOUSE, STORAGE • 7,128 SF
      15483 Pin Oak Dr, Conroe, TX 77384-3549
      View Details
    • Value Estimation
      $280,000
      3,000 SF

      9144 White Oak Dr

      WAREHOUSE, STORAGE • 3,000 SF
      9144 White Oak Dr, Conroe, TX 77384-4607
      View Details

    Similar Nearby for Sale

    • $2,400,000
      4,934 SF

      Conroe Estate with Stocked Pond

      Custom estate on 10.64 acres with pond and pool.
      15598 Bedford Ln, Conroe, TX 77384
      View Details
    • Contact for pricing
      2 SF

      Conroe Land For Sale

      2.5 acres of land in Conroe, Texas for sale.
      14200 Horseshoe Bnd, Conroe, TX 77384
      View Details
    • Contact for pricing

      High-Traffic FM 1488 Land

      Land near I-45 and The Woodlands.
      332 Fm 1488 Rd, Conroe, TX 77384
      View Details
    • $6,200,000

      Prime Land Near The Woodlands

      6.11 acres of land near The Woodlands and I-45.
      1120 Wellman Rd, Conroe, TX 77384
      View Details
    • Contact for pricing
      47,747 SF

      Class A Medical Office Building

      Class A medical office building in The Woodlands area.
      18354 I-45 S, Conroe, TX 77384
      View Details
    • Contact for pricing
      10,300 SF

      Retail Spaces on FM 1488

      Retail spaces available for lease with high traffic visibility.
      5403 Farm To Market Rd, Conroe, TX 77384
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      17,636 SF

      College Park Crossing Retail Space

      Prime Woodlands retail center, divisible suites.
      3707 College Park Dr, The Woodlands, TX 77384
      View Details
    • $12 SF/Yr
      13,118 SF

      Prime I-45 Retail Space in Shenandoah

      13,118 SF Free-Standing Building, High Visibility
      15102 Interstate 45, Conroe, TX 77384
      View Details
    • $28 SF/Yr
      2,000 SF

      College Park Medical Office Condo

      Conroe, TX Medical Office - 2,000 SF
      3115 College Park Dr, Conroe, TX 77384
      View Details
    • Contact for pricing
      45,738 SF

      Prime Shenandoah Pad Site

      1.05-Acre Commercial Land, I-45 Access
      0 Nwq I-45 & Wellman Rd, Shenandoah, TX 77384
      View Details
    • Contact for pricing
      96,853 SF

      Medical Arts Center III: Woodlands

      Class A Medical Office Space Available
      17450 Saint Lukes Way, The Woodlands, TX 77384
      View Details
    • $24 SF/Yr
      40,382 SF

      College Park Medical Office Building

      The Woodlands Medical Office Space Available
      17191 St Lukes Way, The Woodlands, TX 77384
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    903 Hope Rd
    Conroe, TX 77384
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.