ROM Estimate

2815 Westheimer Rd — Every line requires a source

Line Item	Amount	Source
Acquisition Cost
Demolition & Abatement
Structural Modifications
MEP Rough-In
Bay Buildout (30 bays)
Equipment (Owner-Furnished)
Fire Protection
Soft Costs (Design, Permits, Legal)
Contingency%	$235,500

Revenue Assumptions

Target Bays

Rent/Bay/Month

Target Occupancy %

Total Renovation

$2,035,500

Total Investment

$3,885,500

Per Bay

$129,517

Cost Confidence

100%

Annual Revenue

$1,620,000

Projected NOI

$1,053,000

Cap Rate

27.1%

Payback

3.7 yrs

TRUE Cost

$4,010,115

Incl $124,615 rev delay