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Property profile & analytics
FOR LEASE
Grocery and convenience stores
12311 N Houston Rd Houston, TX 77066
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-8055346
For Lease
1 / 2
$27 SF/Yr
12311 N Houston Rd, Houston, TX 77066
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
2019
Construction
METAL FRAME
Total area
12,025 SF
Lot
1.67 ac (72,702 SF)
APN
471910000047
UPID
US82-8055346
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
Punjabi Sher Investors LLC · 9 yrs held
Punjabi Sher Investors LLC
since 2016
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
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
SERVICE STATION (FULL SERVICE)
$955,000
Current use
RETAIL STORES
$885,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$765,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$50 / 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
$47,164
Tax year 2022
Assessed value
$2,527,154
Assessed 2024
Previous assessed
$2,613,740
-3.3% YoY
Effective rate
1.87%
On assessed value
Assessed land
$581,616
Assessed improvement
$1,945,538
Land market value
$581,616
Improvement market value
$1,945,538
Total market value
$2,527,154
Applied tax rate
17.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
For Lease
Year built
2019
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Total area
12,025 SF
Lot
1.67 ac (72,702 SF)
APN
471910000047
UPID
US82-8055346
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
SERVICE STATION (FULL SERVICE) Current
Est. value
$955,000
RETAIL STORES
Est. value
$885,000
MEDICAL BUILDING
Est. value
$765,000
SERVICE STATION (FULL SERVICE) Current
RETAIL STORES
MEDICAL BUILDING
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
2019
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Lot
1.67 ac
Current owner
From public records · entity-resolved
Punjabi Sher Investors LLC
Entity
Free & Clear · 9 yrs held
Mailing address
17005 STATE HWY 249, HOUSTON, TX 77064
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2016
—
Punjabi Sher Investors LLC
Momin,jawed & Khairunisha
Grant Deed
related
—
May 19, 2016
—
Jawed S Momin
Muman,salim
Warranty Deed
$420,000 · Allegiance Bk
Mar 24, 2016
—
Salim H Muman
Cumber,salimah
Warranty Deed
$500,000
Aug 15, 2006
—
Cmnty Bk San Antonio NA First
Stephens Of Tingley
Grant Deed
related
—
Sep 28, 2005
—
Stephens Of Tingley
Satinwood INC
Grant Deed
$715,000 · First Community Bank San Anton
Feb 11, 1998
—
Brickellbush INC
Nazco INC
Grant Deed
related
—
—
—
Stephens Of Tingley
—
Deed Of Trust
related
$1,425,000 · First Comm Bank San Antonio N
—
—
Punjabi Sher Investors LLC
—
Deed Of Trust
related
$2,691,600 · Allegiance Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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