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Property profile & analytics
OFF-MARKET
Estimated value
$1,290,000
Grocery and convenience stores
10553 Homestead Rd Houston, TX 77016-2701
Individually Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-4143630
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1964
Construction
STEEL FRAME
Total area
24,688 SF
Lot
2.72 ac (118,527 SF)
APN
881480000131
UPID
US83-4143630
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
-
Fashion Kim Clothing Store
-
Langley Supermart Specialty Food Shop Supermarket
-
Eden Banquet Hall Hotel & Motel Resort
-
Watermill Express Big Box & Wholesale Store
-
Langley Beauty Supply (Bike/Boat/Book/etc) Store Cosmetic 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
$1.29M
Owner & transaction history
Damocles Ents · 15 yrs held
Damocles Ents
since 2011
7 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
$52 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$29,864
Tax year 2022
Assessed value
$1,607,470
Assessed 2024
Previous assessed
$1,482,239
+8.4% YoY
Effective rate
1.86%
On assessed value
Assessed land
$744,530
Assessed improvement
$862,940
Land market value
$744,530
Improvement market value
$862,940
Total market value
$1,607,470
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1964
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
24,688 SF
Lot
2.72 ac (118,527 SF)
APN
881480000131
UPID
US83-4143630
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
1964
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
2.72 ac
Current owner
From public records · entity-resolved
Damocles Ents
Individual
Free & Clear · 15 yrs held
Mailing address
9343 CLAY RD, HOUSTON, TX 77080-1513
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
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
Aug 26, 2025
—
Ji Taek
—
Deed
related
$390,000 · American First National Bank
Feb 3, 2023
—
Ji Taek Oh
—
Deed
related
$100,000 · American First National Bank
Mar 2, 2011
—
Damocles Ents
Jeong,jeffery H
Warranty Deed
related
—
Jul 9, 2007
—
Jeffery H Jeong
J & P Real Estate LLC
Grant Deed
$600,000 · American First National Bank
Nov 22, 2005
—
J & P Real Estate LLC
Langley Food LLC
Grant Deed
—
Oct 4, 2004
—
Langley Food LLC
Grocers Supply Co INC
Grant Deed
$243,000 · Whitney National Bank
—
—
Jeffery H Jeong
—
Deed Of Trust
related
$134,041 · American First National Bank
—
—
Jeffery H Jeong
—
Deed Of Trust
related
$465,870 · American First National Bank
—
—
Jeffery H Jeong
—
Deed Of Trust
related
$220,000 · American First National Bank
—
—
Langley Food LLC
—
Deed Of Trust
related
$580,000 · Horizon Capital 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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