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Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Distribution centers
10402 Harwin Dr 1 Houston, TX 77036-1504
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US83-3722280
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1974
Construction
STEEL FRAME
Total area
105,846 SF
Lot
4.23 ac (184,259 SF)
APN
431820000010
UPID
US83-3722280
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
-
Prime Systems IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Chang-Sheng Inc Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.13M
Owner & transaction history
Chang-sheng Properties LP · 9 yrs held
Chang-sheng Properties LP
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$11 / 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
$60,168
Tax year 2023
Assessed value
$5,074,224
Assessed 2024
Previous assessed
$5,074,224
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,105,554
Assessed improvement
$3,968,670
Land market value
$1,105,554
Improvement market value
$3,968,670
Total market value
$5,074,224
Applied tax rate
8.0000
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
1974
Construction
STEEL FRAME
Heating
RADIANT
Cooling
NONE
Buildings
1
Stories
1
Total area
105,846 SF
Lot
4.23 ac (184,259 SF)
APN
431820000010
UPID
US83-3722280
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
Building & site characteristics
From public records
Year built
1974
Construction
STEEL FRAME
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
1
Lot
4.23 ac
Current owner
From public records · entity-resolved
Chang-sheng Properties LP
Entity
Mailing address
10402 HARWIN DR, HOUSTON, TX 77036-1504
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Jan 17, 2017
—
Chang-sheng Properties LP
—
Deed
related
$1,000,000 · American First Nat'l Bk
—
—
Jaam Properties
—
Deed Of Trust
related
$1,925,000 · Union Bank Of California NA
—
—
Hsiangpin M Chang
—
Deed Of Trust
related
$2,100,000 · Suichu V Chang
—
—
Hsiangpin M Chang
—
Deed Of Trust
related
$2,100,000 · Suichu V Chang
—
—
Owner Name Unavailable
—
Loan Modification
related
—
—
—
Chang-sheng Properties LP
—
Deed Of Trust
related
$1,000,000 · American First Nat'l Bk
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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