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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Flex space
11227 Forbes Rd Houston, TX 77075-2819
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US82-6044509
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2018
Construction
METAL FRAME
Total area
68,532 SF
Lot
10 ac (435,600 SF)
APN
131390000010
UPID
US82-6044509
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
-
Aero Lift Machine Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$990k
Owner & transaction history
Dacj Real Estate Holdings LLC · 9 yrs held
Dacj Real Estate Holdings LLC
since 2017
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
$14 / 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
$168,086
Tax year 2023
Assessed value
$7,675,943
Assessed 2024
Previous assessed
$7,675,943
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$1,649,400
Assessed improvement
$6,026,543
Land market value
$1,649,400
Improvement market value
$6,026,543
Total market value
$7,675,943
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
2018
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
68,532 SF
Lot
10 ac (435,600 SF)
APN
131390000010
UPID
US82-6044509
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
2018
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
10 ac
Current owner
From public records · entity-resolved
Dacj Real Estate Holdings LLC
Entity
Mailing address
11227 FORBES RD, HOUSTON, TX 77075-2819
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2020
—
Dacj Real Estate Holdings L L C
—
Deed
related
$4,387,500 · Hometown Bank NA
Feb 2, 2018
—
Dacj Real Estate Holdings LLC
—
Deed
related
$3,375,000 · Integrity Bank Ssb
May 23, 2017
—
Dacj Real Estate Holdings LLC
Brader,luke D & Susan M J
Warranty Deed
$375,000 · Integrity Bk Ssb
Feb 8, 2017
—
Bhi Corp
—
Deed
related
$495,780 · Hometown Bk
Nov 1, 2016
—
Bhi Corp
—
Deed
related
$403,147 · 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
—
Luke D Brader
—
Trustees Deed
related
$500,000 · Hometown Bk
—
—
Luke D Brader
—
Deed Of Trust
related
$459,211 · Prosperity Bank-98
—
—
Dacj Real Estate Holdings LLC
—
Deed Of Trust
related
$4,387,500 · Hometown Bk
—
—
Luke D Brader
—
Deed Of Trust
related
$408,750 · Hometown Bk
—
—
Bhi Corp
—
Loan Modification
related
$499,378 · Hometown Bk
—
—
Bhi Corp
—
Loan Modification
related
$495,780 · Hometown Bk
—
—
Bhi Corp
—
Loan Modification
related
$496,310 · Hometown Bk
—
—
Bhi Corp
—
Loan Modification
related
$403,147 · Hometown Bk
—
—
Luke D Brader
—
Deed Of Trust
related
$1,035,000 · First Bank & Trust
—
—
Dacj Real Estate Holdings LLC
—
Deed Of Trust
related
$3,375,000 · Integrity Bk Ssb
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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