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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Flex space
11111 Forbes Rd Houston, TX 77075-2817
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4357731
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1999
Construction
METAL FRAME
Total area
57,000 SF
Lot
10 ac (435,600 SF)
APN
131390000068
UPID
US82-4357731
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
-
Brader Arms Corporation Industrial Manufacturer Production Facility
-
BHI Corporation Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$838k
Blend (final)
Blend
$845k
Owner & transaction history
Dc Real Estate Holdings LLC · 7 yrs held
Dc Real Estate Holdings LLC
since 2019
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
Method
Estimation
Statistic approach
by Request
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$15 / 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
$84,426
Tax year 2023
Assessed value
$4,142,730
Assessed 2024
Previous assessed
$4,142,730
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$1,742,400
Assessed improvement
$2,400,330
Land market value
$1,742,400
Improvement market value
$2,400,330
Total market value
$4,142,730
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1999
Construction
METAL FRAME
Heating
RADIANT
Cooling
NONE
Buildings
4
Stories
1
Total area
57,000 SF
Lot
10 ac (435,600 SF)
APN
131390000068
UPID
US82-4357731
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
1999
Construction
METAL FRAME
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
4
Lot
10 ac
Current owner
From public records · entity-resolved
Dc Real Estate Holdings LLC
Entity
Mailing address
11227 FORBES RD, HOUSTON, TX 77075-2819
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2019
—
Dc Real Estate Holdings LLC
Brader Family Partnership Ltd
Venders Lien
$4,800,000 · Hometown Bank NA
Nov 6, 2017
—
Brader Family Ptshp Ltd
—
Trustees Deed
related
$1,284,736 · Hometown Bk
Jul 6, 2017
—
Brader Family Ptshp Ltd
—
Deed
related
$2,609,938 · Hometown Bk
Sep 15, 2016
—
Bhi Corp
—
Deed
related
$496,310 · Hometown Bk
Jun 24, 2016
—
Bhi Corp
—
Deed
related
$499,378 · Hometown Bk
Jun 10, 2015
—
Brader Family Ptshp Ltd
—
Trustees Deed
related
$500,000 · Hometown Bk
Sep 4, 2012
—
Brader Family Ptshp Ltd
—
Trustees Deed
related
$200,000 · Hometown Bank
Dec 13, 2010
—
Brader Family Ptshp Ltd
Brader,luke D & Susan M J
Quit Claim Deed
—
Sep 3, 1998
—
Luke D Brader
—
Grant Deed
related
$1,360,000 · Sterling Bank
Jan 27, 1997
—
Luke D Brader
Jardin De Las Palmas INC
Grant Deed
$150,000 · Sterling Bank
—
—
Bhi Corp
—
Loan Modification
related
$499,378 · Hometown Bk
—
—
Brader Family Ptshp Ltd
—
Deed Of Trust
related
$1,500,000 · First Bank
—
—
Brader Family Partnership Ltd
—
Deed Of Trust
related
$1,500,000 · First National Bank
—
—
Brader Family Partnership Ltd
—
Deed Of Trust
related
$20,000 · First Bank & Trust
—
—
Brader Family Ptshp Ltd
—
Loan Modification
related
$2,609,938 · Hometown Bk
—
—
Bhi Corp
—
Loan Modification
related
$425,112 · Hometown Bk
—
—
Brader Family Ptshp Ltd
—
Deed Of Trust
related
$200,000 · Southwest Bank Of Texas
—
—
Bhi Corp
—
Loan Modification
related
$496,310 · Hometown Bk
—
—
Brader Family Ptshp Ltd
—
Loan Modification
related
$2,435,694 · Hometown Bk
—
—
Brader Family LP
—
Deed Of Trust
related
$1,653,551 · Southwest Bank Of Texas
—
—
Brader Family Ptshp Ltd
—
Loan Modification
related
$2,378,328 · Hometown Bk
—
—
Brader Family Ptshp Ltd
—
Deed Of Trust
related
$2,650,000 · Hometown Bk
—
—
Luke D Brader
—
Deed Of Trust
related
$540,000 · Sterling Bank
—
—
Bhi Corp
—
Loan Modification
related
$200,000 · Hometown 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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