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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Warehouses
11703 Spg Cypress Rd Tomball, TX 77377-8932
Entity Owned
6-yr Hold
Free & Clear
Property ID
US83-3947220
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2012
Construction
METAL FRAME
Total area
10,800 SF
Lot
9.57 ac (417,030 SF)
APN
1415570010002
UPID
US83-3947220
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
-
The Barber's Chair Barber Shop
-
Harris Institute | H.I.R.T. Medical Clinic
-
TMB Screen Printing • Embroidery • DTF • Vinyl (Bike/Boat/Book/etc) Store Printing Service
-
Kwik Kourier Service Courier Service Postal Service
-
Pop-Up Greeting Yard Signs (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$976k
Blend (final)
Blend
$1.09M
Owner & transaction history
JR Properties LLC · 6 yrs held
JR Properties LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+108.5%
Restaurant
$960,000
+48.5%
Medical building
$755,000
+17.0%
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 Tomball submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tomball 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
COMMERCIAL (GENERAL)
$1,350,000
Change: +109% · Conversion: Difficult
RESTAURANT
$960,000
Change: +49% · Conversion: Difficult
MEDICAL BUILDING
$755,000
Change: +17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$680,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±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
$100 / 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
$45,845
Tax year 2023
Assessed value
$5,990,589
Assessed 2024
Previous assessed
$5,990,589
+0.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$3,772,163
Assessed improvement
$2,218,426
Land market value
$3,772,163
Improvement market value
$2,218,426
Total market value
$5,990,589
Applied tax rate
26.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2012
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
13
Total area
10,800 SF
Lot
9.57 ac (417,030 SF)
APN
1415570010002
UPID
US83-3947220
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
COMMERCIAL (GENERAL)
Est. value
$1.4M
RESTAURANT
Est. value
$960,000
MEDICAL BUILDING
Est. value
$755,000
AUTO REPAIR, GARAGE
Est. value
$680,000
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
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
2012
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
13
Lot
9.57 ac
Current owner
From public records · entity-resolved
JR Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
16518 HOUSE HAHL RD, CYPRESS, TX 77433-1901
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2025
—
Lenax Realty Propco LLC
—
Deed
related
$12,250,000 · Standard Insurance Co
Apr 16, 2020
—
JR Properties LLC
Jwr Land LLC
Grant Deed
related
—
Jan 17, 2019
—
Spring Rv & Boat Storage LLC
—
Deed
related
$900,000 · Trustmark Nat'l Bk
Dec 26, 2018
—
Jwr Land LLC
—
Deed
related
$900,000 · Trustmark Nat'l Bk
Mar 10, 2015
—
Jwr Land LLC
—
Trustees Deed
related
$3,180,000 · Trustmark Nat'l Bk
Jan 9, 2012
—
Jwr Land LLC
Skipton,donald E
Grant Deed
$779,168 · Donald E Skipton
—
—
Spring Rv & Boat Storage LLC
—
Deed Of Trust
related
$900,000 · Trustmark Nat'l Bk
—
—
Jwr Land LLC
—
Deed Of Trust
related
$900,000 · Trustmark Nat'l Bk
—
—
JR Properties LLC
—
Deed Of Trust
related
$2,250,000 · Wells Fargo Bank
—
—
Donald E Skipton
—
Deed Of Trust
related
$429,578 · Prosperity Bank
—
—
JR Properties LLC
—
Deed Of Trust
related
$429,578 · Prosperity Bank
—
—
JR Properties LLC
—
Deed Of Trust
related
$510,000 · Prosperity Bank
—
—
Donald E Skipton
—
Deed Of Trust
related
$510,000 · Prosperity 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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