Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Warehouses
111 Berry Rd Houston, TX 77022-3126
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US82-3006601
Property summary
AI-generated overview
This exceptional 40,700-square-foot industrial warehouse property presents a unique investment opportunity in Houston, Texas. Situated on a substantial 9.74-acre lot, this Class C property offers significant potential for redevelopment. The property features eleven single-story buildings, totaling 40,700 square feet of net rentable space, with a generous 30-foot ceiling height. Built in 1975, the buildings are highly functional and crane-served, making them ideal for an owner-user. The majority of the land is stabilized, providing ample space for various uses. The property's strategic location between I-45 and the Hardy Toll Road offers excellent accessibility. Furthermore, its proximity to Burbank Middle School, currently undergoing a $10,000,000 renovation, positions it favorably within a developing area. The property's zoning is currently unlisted, but its size and location make it particularly attractive for multifamily development. The APN is RES A BLK 1 PILECO, and the property is located at 111 Berry Rd, Houston, TX 77022. Contact for pricing.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Construction
METAL FRAME
Total area
9,240 SF
Lot
9.74 ac (424,231 SF)
APN
1288610010001
UPID
US82-3006601
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
-
O'Neill Industries International Industrial Manufacturer Production Facility
-
Procegas, LLC Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$784k
Blend (final)
Blend
$710k
Owner & transaction history
Procegas LLC · 11 yrs held
Procegas LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+100.5%
Auto repair, garage
$930,000
+74.3%
Retail stores
$795,000
+48.8%
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
$535,000
Current use
RESTAURANT
$1,070,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$930,000
Change: +74% · Conversion: Easy
RETAIL STORES
$795,000
Change: +49% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$685,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$680,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$590,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±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
$77 / 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
$89,432
Tax year 2023
Assessed value
$4,107,824
Assessed 2024
Previous assessed
$4,107,824
+0.0% YoY
Effective rate
2.18%
On assessed value
Assessed land
$1,357,539
Assessed improvement
$2,750,285
Land market value
$1,357,539
Improvement market value
$2,750,285
Total market value
$4,107,824
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1975
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
11
Stories
1
Total area
9,240 SF
Lot
9.74 ac (424,231 SF)
APN
1288610010001
UPID
US82-3006601
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
$535,000
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$930,000
RETAIL STORES
Est. value
$795,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$685,000
OFFICE BUILDING
Est. value
$680,000
MEDICAL BUILDING
Est. value
$590,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
1975
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
11
Lot
9.74 ac
Current owner
From public records · entity-resolved
Procegas LLC
Entity
Mailing address
111 BERRY RD, HOUSTON, TX 77022-3126
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2015
—
Procegas LLC
—
Trustees Deed
related
$250,000 · Private Individual
Aug 12, 2014
—
Procegas LLC
Bauer-pileco INC
Grant Deed
$2,900,000 · Bauer-pileco INC
Oct 21, 2008
—
Pileco INC
Pileco INC Employees Psp
Quit Claim Deed
related
—
Dec 23, 1997
—
Pileco INC
Kammerer,otto
Grant Deed
related
—
—
—
Procegas LLC
—
Deed Of Trust
related
$1,000,000 · Allegiance Bk
—
—
Procegas LLC
—
Deed Of Trust
related
$1,000,000 · Allegiance Bk
—
—
Procegas LLC
—
Loan Modification
related
$1,000,000 · Allegiance 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 111 Berry Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
