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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Retail space
11500 Sam Houston W Pkwy, Houston, TX 77031-2355
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3510577
Property summary
AI-generated overview
This exceptional 33,748-square-foot industrial property, located at 11500 S Sam Houston Pkwy W KM. 570A, Houston, TX 77031 (APN 1218550010001), presents a compelling owner-user opportunity. Built in 2001 and renovated in 2002, this Class B building sits on a 1.377-acre lot and features two stories. The property boasts excellent accessibility and visibility, situated just south of the Southwest Freeway between West Belfort and West Airport. A significant advantage is the convenient access provided by a grade-level toll-free exit and entrance ramp. The warehouse includes two loading docks and two dock-high doors. Currently vacant, this versatile space is suitable for a variety of uses, including potential multi-tenant occupancy. The asking price is $4,500,000, translating to $133.34 per square foot. This represents a unique chance to acquire a well-maintained industrial asset in a prime Houston location. The property consists of one unit with a net rentable area of 33,748 square feet.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
METAL FRAME
Total area
8,000 SF
Lot
1.38 ac (60,000 SF)
APN
1218550010001
UPID
US82-3510577
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
-
Prime Camera Rental Mural Resort
-
Houston Video Production Studio Film Production Television Studio
-
yellowenergy led Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$929k
Blend (final)
Blend
$945k
Owner & transaction history
Kpms LLC · 12 yrs held
Kpms LLC
since 2013
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+119.4%
Restaurant
$810,000
+37.1%
Auto repair, garage
$745,000
+26.6%
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
RETAIL STORES
$590,000
Current use
COMMERCIAL (GENERAL)
$1,295,000
Change: +119% · Conversion: Easy
RESTAURANT
$810,000
Change: +37% · Conversion: Easy
AUTO REPAIR, GARAGE
$745,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±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
$118 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$80,812
Tax year 2022
Assessed value
$4,173,856
Assessed 2024
Previous assessed
$4,010,912
+4.1% YoY
Effective rate
1.94%
On assessed value
Assessed land
$600,000
Assessed improvement
$3,573,856
Land market value
$600,000
Improvement market value
$3,573,856
Total market value
$4,173,856
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2002
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
2
Total area
8,000 SF
Lot
1.38 ac (60,000 SF)
APN
1218550010001
UPID
US82-3510577
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
RETAIL STORES Current
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
RESTAURANT
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$745,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
Stories
2
Buildings
2
Lot
1.38 ac
Current owner
From public records · entity-resolved
Kpms LLC
Entity
Mailing address
3215 STECK AVE STE #101, AUSTIN, TX 78757-8060
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2013
—
Kpms LLC
Ellen Lighting INC
Warranty Deed
related
$1,664,000 · J P Morgan Chase Bank
—
—
Ellen Lighting INC
—
Deed Of Trust
related
$816,509 · Bank Of River Oaks
—
—
Ellen Lighting INC
—
Deed Of Trust
related
$825,186 · Encore Bank
—
—
Ellen Lighting INC
—
Deed Of Trust
related
$1,040,000 · Encore Bank
—
—
Ellen Lighting INC
—
Deed Of Trust
related
$200,000 · Compass Bank
—
—
Ellen Lighting INC
—
Deed Of Trust
related
$1,100,000 · Regions 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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