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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Warehouses
12317 Bellaire Blvd, Houston, TX 77072-2597
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-9469325
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2016
Construction
STEEL FRAME
Total area
12,750 SF
Lot
0.89 ac (38,977 SF)
APN
1253320010006
UPID
US82-9469325
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
-
V Express Cargo (Gửi hàng về Việt Nam) Shipping Company Freight Service
-
Double A. Logistics & Procurement LLC Freight Service Logistics Company
-
Global Signs (Bike/Boat/Book/etc) Store Printing Service
-
Texas Shutter LLC (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$787k
Blend (final)
Blend
$865k
Owner & transaction history
Bellway Park LLC · 11 yrs held
Bellway Park LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+117.8%
Auto repair, garage
$950,000
+60.3%
Medical building
$815,000
+37.5%
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
WAREHOUSE, STORAGE
$590,000
Current use
RESTAURANT
$1,290,000
Change: +118% · Conversion: Difficult
AUTO REPAIR, GARAGE
$950,000
Change: +60% · Conversion: Easy
MEDICAL BUILDING
$815,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$670,000
Change: +13% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$625,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$68 / 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
$17,696
Tax year 2023
Assessed value
$1,530,547
Assessed 2024
Previous assessed
$1,530,547
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$272,839
Assessed improvement
$1,257,708
Land market value
$272,839
Improvement market value
$1,257,708
Total market value
$1,530,547
Applied tax rate
8.0000
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
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
12,750 SF
Lot
0.89 ac (38,977 SF)
APN
1253320010006
UPID
US82-9469325
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
$590,000
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$950,000
MEDICAL BUILDING
Est. value
$815,000
RETAIL STORES
Est. value
$670,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$625,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Bellway Park LLC
Entity
Free & Clear · 11 yrs held
Mailing address
12633 MEMORIAL DR APT #74, HOUSTON, TX 77024-4842
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2022
—
Dys Holdings Incorporated
—
Deed
related
$1,120,000 · Comerica Bank
Jun 9, 2020
—
Bellway Park LLC
—
Deed Of Trust
related
$1,208,000 · Pan American
Mar 3, 2020
—
Bellway Park LLC
—
Deed Of Trust
related
$30,000 · Bamc Ents INC
Jan 3, 2019
—
Bellway Park LLC
—
Trustees Deed
related
$30,000 · Bamc Ents INC
Jun 10, 2015
—
Bellway Park LLC
Lin Yuh F
Warranty Deed
related
—
—
—
Bellway Park LLC
—
Deed Of Trust
related
$1,000,000 · Xiaoli Zhang
—
—
Bellway Park LLC
—
Deed Of Trust
related
$30,000 · Bamc Ents INC
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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