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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Flex space
11280 Charles Rd, Jersey Village, TX 77041-2400
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2781008
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2002
Construction
METAL FRAME
Total area
16,200 SF
Lot
4.36 ac (190,031 SF)
APN
640150000036
UPID
US82-2781008
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$478k
Blend (final)
Blend
$515k
Owner & transaction history
11280 Charles Road LP · 7 yrs held
11280 Charles Road LP
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$630,000
+70.3%
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 Jersey Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jersey Village 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
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$370,000
Current use
WAREHOUSE, STORAGE
$630,000
Change: +70% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$32 / 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
$20,241
Tax year 2023
Assessed value
$2,737,010
Assessed 2024
Previous assessed
$2,737,010
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$617,598
Assessed improvement
$2,119,412
Land market value
$617,598
Improvement market value
$2,119,412
Total market value
$2,737,010
Applied tax rate
4.0000
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
2002
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Total area
16,200 SF
Lot
4.36 ac (190,031 SF)
APN
640150000036
UPID
US82-2781008
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
INDUSTRIAL (GENERAL) Current
Est. value
$370,000
WAREHOUSE, STORAGE
Est. value
$630,000
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
2002
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Buildings
3
Lot
4.36 ac
Current owner
From public records · entity-resolved
11280 Charles Road LP
Entity
Mailing address
1218 WEBSTER ST, HOUSTON, TX 77002-8841
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2021
—
11280 Charles Road LP
—
Deed
related
—
May 15, 2019
—
11280 Charles Road LP
Arsham Metal Industries INC
Grant Deed
$2,170,000 · Larry Feingersh
Apr 20, 2017
—
Bassamco LLC
Arsham Metal Industries INC
Grant Deed
related
—
Oct 5, 1999
—
Arsham Metal Industries INC
Synagro Of Texas Cdr INC
Grant Deed
$83,537 · Sterling Bank
Jan 28, 1999
—
Carlton Cook Co
Weikel,elmer
Grant Deed
related
—
Jul 27, 1998
—
Elmer Weikel
Carlton Cook Co
Grant Deed
related
—
Mar 25, 1998
—
Cdr Environmental INC
Brukner,margaret B
Grant Deed
related
—
Mar 9, 1998
—
Csc Cabinets INC
Brukner,margaret B
Grant Deed
related
—
—
—
Arsham Metal Industries INC
—
Deed Of Trust
related
$179,600 · Allegiance Bk/tx
—
—
Arsham Metal Industries INC
—
Deed Of Trust
related
$1,919,547 · Community Bk/tx
—
—
Carlton Cook Co
—
Deed Of Trust
related
$240,000 · Northwest Bank
—
—
Arsham Metal Industries INC
—
Deed Of Trust
related
$502,500 · Amresco Independence Funding
—
—
Arsham Metal Industries INC
—
Deed Of Trust
related
$1,105,000 · Sterling Bank
—
—
Arsham Metal Industries INC
—
Deed Of Trust
related
$568,000 · Sterling Bank
—
—
Arsham Metal Industries INC
—
Deed Of Trust
related
$1,004,963 · Allegiance Bank Texas
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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