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Property profile & analytics
OFF-MARKET
Estimated value
$1,735,000
Auto shops
9605 Fm 1488th Rd Magnolia, TX 77354-1610
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US83-2383480
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2017
Total area
19,794 SF
Lot
4 ac (174,240 SF)
APN
6791-05-37103
UPID
US83-2383480
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
-
Caliber Collision Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.74M
Owner & transaction history
K & I Properties LLC · 3 yrs held
K & I Properties LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.4M
+14.7%
Restaurant
$2.3M
+11.2%
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 Magnolia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Magnolia 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
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,050,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,350,000
Change: +15% · Conversion: Difficult
RESTAURANT
$2,280,000
Change: +11% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,005,000
Change: -2% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,715,000
Change: -16% · Conversion: Moderate
OFFICE BUILDING
$1,655,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.74M
Range $1.56M – $1.91M · ±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
$88 / 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
Tax billed
$86,454
Tax year 2024
Assessed value
$5,160,817
Assessed 2024
Previous assessed
$5,476,280
-5.8% YoY
Effective rate
1.68%
On assessed value
Assessed land
$1,393,920
Assessed improvement
$3,766,897
Land market value
$1,393,920
Improvement market value
$3,766,897
Total market value
$5,160,817
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2017
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Total area
19,794 SF
Lot
4 ac (174,240 SF)
APN
6791-05-37103
UPID
US83-2383480
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
AUTO REPAIR, GARAGE Current
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
RESTAURANT
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
OFFICE 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
2017
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Lot
4 ac
Current owner
From public records · entity-resolved
K & I Properties LLC
Entity
Mailing address
71 CHESTNUT MDW DR, CONROE, TX 77384-1406
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2023
—
K & I Properties LLC
Hds Properties LLC
Venders Lien
$2,500,000 · Randolph Brooks FCU
Feb 13, 2018
—
Hds Properties LLC
—
Deed
related
$2,475,000 · First Fin'l Bk&tr
Feb 7, 2018
—
Hds Properties LLC
—
Deed
related
$1,139,304 · Veritex Cmnty Bk
Oct 6, 2017
—
Hds Properties LLC
—
Deed
related
$1,139,304 · Veritex Cmnty Bk
Jan 27, 2016
—
Woodlands-spanish Oaks Ltd
Fm 1488 Commercial Park Ltd
Grant Deed
related
—
Jun 27, 2005
—
Lake Windcrest Coml Invtrs
—
Trustees Deed
related
$200,000 · Sterling Bank
—
—
Hds Properties LLC
—
Loan Modification
related
$1,139,304 · Veritex Cmnty Bk
—
—
Hds Properties LLC
—
Loan Modification
related
$1,139,304 · Veritex Cmnty Bk
—
—
Hds Properties LLC
—
Deed Of Trust
related
$2,475,000 · First Fin'l Bk&tr
—
—
Lake Windcrest Coml Invtrs
—
Deed Of Trust
related
$180,700 · Sterling Bank
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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