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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Warehouses
11831 Sam Houston W Pkwy, Houston, TX 77031-2360
Entity Owned
13-yr Hold
Free & Clear
Property ID
US82-3837184
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
METAL FRAME
Total area
13,000 SF
Lot
0.95 ac (41,517 SF)
APN
1243410010005
UPID
US82-3837184
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
-
Discount Appliances Home Appliance Store Hardware & Home Improvement
-
VIVI Furniture Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$490k
Blend (final)
Blend
$515k
Owner & transaction history
P R J LLC · 13 yrs held
P R J LLC
since 2013
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$830,000
+58.9%
Apartment house (5+ units)
$815,000
+55.7%
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
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$520,000
Current use
MEDICAL BUILDING
$830,000
Change: +59% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$815,000
Change: +56% · Conversion: Difficult
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
$40 / 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
$29,772
Tax year 2023
Assessed value
$1,403,460
Assessed 2024
Previous assessed
$1,403,460
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$415,170
Assessed improvement
$988,290
Land market value
$415,170
Improvement market value
$988,290
Total market value
$1,403,460
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
13,000 SF
Lot
0.95 ac (41,517 SF)
APN
1243410010005
UPID
US82-3837184
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
WAREHOUSE, STORAGE Current
Est. value
$520,000
MEDICAL BUILDING
Est. value
$830,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$815,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2006
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
P R J LLC
Entity
Free & Clear · 13 yrs held
Mailing address
11831 S SAM HOUSTON PKWY W, HOUSTON, TX 77031-2360
Mailing matches property
Yes
Owner-occupied
Yes
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
Feb 4, 2013
—
P R J LLC
Wu,jian G
Warranty Deed
related
—
Jan 24, 2011
—
Jian G Wu
Wu,jian G
Quit Claim Deed
related
—
Aug 24, 2010
—
Jian G Wu
Master Furniture INC
Warranty Deed
related
—
Jul 16, 2007
—
Master Furniture INC
—
Trustees Deed
related
$300,000 · Metrobank
—
—
P R J LLC
—
Deed Of Trust
related
$900,000 · Jp Morgan Chase Bk
—
—
Master Furniture INC
—
Loan Modification
related
$950,000 · Wells Fargo 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.
Try Rey
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