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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Distribution centers
110 Milby St Houston, TX 77003-2621
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US82-4169980
Property summary
AI-generated overview
This 14,000-square-foot warehouse, located at 110 Milby St, Houston, TX 77003, offers multiple tenancy options with a minimum divisible space of 5,500 square feet. Built in 1940 and renovated in 2024, the single-story building features 18-foot ceilings, four loading docks with four dock-high doors, and five total parking spaces. The 0.69-acre lot (30,400 square feet) boasts 500 feet of frontage. The property is zoned F1 -- Real, Commercial and has a Class C rating. Taxes are $0.83 per square foot. The building has a 0.98 FAR. Located in Houston's Eado submarket within the East End cluster, this property offers excellent access to major transportation routes. The building's unique architectural features include an iconic arching truss design. Currently, the entire 14,000 square feet is vacant. Utilities are unknown. There are no elevators or drive-in doors. The APN is 0540480000001. This versatile space is suitable for various commercial uses.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1940
Construction
BRICK
Total area
30,000 SF
Lot
0.7 ac (30,401 SF)
APN
540480000001
UPID
US82-4169980
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
-
CrossFit Workshop Gym & Fitness Center
-
Hare Parlour Hair Salon Nail Salon
-
Flores Neighborhood Library Public Library
-
Renzo Gracie EaDo Sports School Training Center
-
First Class Beauty - Mobile Hair Design & Airbrush Makeup Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$784k
Blend (final)
Blend
$720k
Owner & transaction history
Texas Timex LP
Texas Timex LP
since 2026
3 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
Method
Estimation
Statistic approach
by Request
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$24 / 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
$34,872
Tax year 2023
Assessed value
$1,450,000
Assessed 2024
Previous assessed
$1,450,000
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$1,449,900
Assessed improvement
$100
Land market value
$1,449,900
Improvement market value
$100
Total market value
$1,450,000
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
1940
Construction
BRICK
Heating
NONE
Cooling
NONE
Buildings
1
Stories
1
Total area
30,000 SF
Lot
0.7 ac (30,401 SF)
APN
540480000001
UPID
US82-4169980
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
1940
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Texas Timex LP
Entity
Mailing address
5334 CHEROKEE ST, HOUSTON, TX 77005-1702
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2026
—
Texas Timex LP
—
Deed
related
$1,250,000 · Standard Insurance Company
Sep 3, 2024
—
Texas Timex LP
—
Deed
related
$200,000 · Veritex Community Bank
Nov 15, 2023
—
Texas Timex LP
—
Deed
related
$750,000 · Veritex Community 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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