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Property profile & analytics
OFF-MARKET
Estimated value
$2,985,000
Warehouses
10501 Sheldon Rd Houston, TX 77044-6001
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-0779610
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
METAL FRAME
Total area
28,900 SF
Lot
49.1 ac (2,138,696 SF)
APN
431490000348
UPID
US83-0779610
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
-
Kelly Pipe Co LLC Factory Metal Fabrication Plant
-
Triad Transport Inc Trucking Company
-
Highline Pipe Factory Metal Fabrication Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.41M
Comparable Approach
Comparable
$2.56M
Blend (final)
Blend
$2.99M
Owner & transaction history
Kelly Pipe Co LLC · 8 yrs held
Kelly Pipe Co LLC
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+74.0%
Auto repair, garage
$2.7M
+60.6%
Office building
$2.0M
+19.7%
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%
$3,695,000
6.5%
$3,410,000
7%
$3,165,000
Alternative Use
Use
Estimation
RESTAURANT
$2,920,000
Change: +74% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,695,000
Change: +61% · Conversion: Easy
OFFICE BUILDING
$2,010,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$1,845,000
Change: +10% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,805,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$2.99M
Range $2.69M – $3.28M · ±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
$103 / 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
$68,712
Tax year 2023
Assessed value
$8,527,497
Assessed 2024
Previous assessed
$8,527,497
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$3,208,044
Assessed improvement
$5,319,453
Land market value
$3,208,044
Improvement market value
$5,319,453
Total market value
$8,527,497
Applied tax rate
23.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
4
Total area
28,900 SF
Lot
49.1 ac (2,138,696 SF)
APN
431490000348
UPID
US83-0779610
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
RESTAURANT
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1970
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Buildings
4
Lot
49.1 ac
Current owner
From public records · entity-resolved
Kelly Pipe Co LLC
Entity
Free & Clear · 8 yrs held
Mailing address
11680 BLOOMFIELD AVE, SANTA FE SPRINGS, CA 90670-4608
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2018
—
Kelly Pipe Co LLC
Kelly Sheldon Road LLC
Quit Claim Deed
related
—
Feb 23, 2015
—
Pinnacle Machine Land Holdings
Triad Transport INC
Grant Deed
related
—
Apr 4, 2011
—
Triad Transport INC
—
Grant Deed
related
$2,100,000 · Bancfirst
—
—
Triad Transport INC
—
Deed Of Trust
related
$1,000,000 · Bancfirst
—
—
Triad Transport INC
—
Loan Modification
related
$1,000,000 · Bancfirst
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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