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Property profile & analytics
OFF-MARKET
Estimated value
$14,020,000
Distribution centers
10001 Fannin St Houston, TX 77045-1240
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3685944
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2002
Construction
STEEL FRAME
Total area
218,900 SF
Lot
11.71 ac (510,044 SF)
APN
1232870010001
UPID
US82-3685944
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
-
Shepard Exposition Services Marketing & Advertising Event Planning
-
Recall Storage Facility
-
Real Estate Houston Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.02M
Blend (final)
Blend
$14.02M
Owner & transaction history
Tcd 245 Sunbelt Property LLC · 4 yrs held
Tcd 245 Sunbelt Property LLC
since 2022
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$15.2M
+18.4%
Retail stores
$15.2M
+18.4%
Medical building
$14.0M
+8.7%
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 Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Houston 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
WAREHOUSE, STORAGE
$12,860,000
Current use
OFFICE BUILDING
$15,225,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$15,220,000
Change: +18% · Conversion: Moderate
MEDICAL BUILDING
$13,970,000
Change: +9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$13,685,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$14.02M
Range $12.62M – $15.42M · ±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
$64 / 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
$435,837
Tax year 2023
Assessed value
$22,722,308
Assessed 2024
Previous assessed
$22,722,308
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$1,020,090
Assessed improvement
$21,702,218
Land market value
$1,020,090
Improvement market value
$21,702,218
Total market value
$22,722,308
Applied tax rate
1.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
218,900 SF
Lot
11.71 ac (510,044 SF)
APN
1232870010001
UPID
US82-3685944
Jurisdiction
HARRIS
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
WAREHOUSE, STORAGE Current
Est. value
$12.9M
OFFICE BUILDING
Est. value
$15.2M
RETAIL STORES
Est. value
$15.2M
MEDICAL BUILDING
Est. value
$14.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.7M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
11.71 ac
Current owner
From public records · entity-resolved
Tcd 245 Sunbelt Property LLC
Entity
Mailing address
2 INTERNATIONAL PL STE #2710, BOSTON, MA 02110-4102
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2026
—
Civf Vii-tx2m06 LLC
—
Deed
related
$164,520,000 · U S Bank N A
Jun 3, 2022
—
Tcd 245 Sunbelt Property LLC
Arrowrock III Fannin LLC
Special Warranty Deed
$109,811,581 · Capital One Bank NA
Aug 26, 2021
—
Arrowrock III Fannin LLC
—
Deed
related
$553,000 · Central Bank Of St Louis
Nov 1, 2019
—
Arrowrock III Fannin LLC
—
Deed
related
$17,358,000 · Central Bk/st Louis
Oct 1, 2019
—
Arrowrock III Fannin LLC
Warehouse Assocs Corp Centre F
Grant Deed
$16,725,000 · Central Bk/st Louis
—
—
Arrowrock III Fannin LLC
—
Loan Modification
related
$17,358,000 · Central Bk/st Louis
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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