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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Warehouses
140 Frels Ln Houston, TX 77076-1043
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US82-0800223
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
METAL FRAME
Total area
7,800 SF
Lot
3.01 ac (131,190 SF)
APN
1246150010001
UPID
US82-0800223
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
-
Iglesia Fuente de Agua Viva Church
-
Emmanuel Church of God Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$521k
Blend (final)
Blend
$520k
Owner & transaction history
Iglesia Fuente De Agua Viva As · 12 yrs held
Iglesia Fuente De Agua Viva As
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$830,000
+59.2%
Retail stores
$690,000
+32.6%
Office building
$545,000
+4.1%
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
$520,000
Current use
AUTO REPAIR, GARAGE
$830,000
Change: +59% · Conversion: Easy
RETAIL STORES
$690,000
Change: +33% · Conversion: Moderate
OFFICE BUILDING
$545,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$500,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$475,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$67 / 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
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
NONE
Cooling
NONE
Buildings
3
Total area
7,800 SF
Lot
3.01 ac (131,190 SF)
APN
1246150010001
UPID
US82-0800223
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
AUTO REPAIR, GARAGE
Est. value
$830,000
RETAIL STORES
Est. value
$690,000
OFFICE BUILDING
Est. value
$545,000
MEDICAL BUILDING
Est. value
$500,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$475,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
NONE
Cooling
Yes
Buildings
3
Lot
3.01 ac
Current owner
From public records · entity-resolved
Iglesia Fuente De Agua Viva As
Individual
Mailing address
5203 FULTON ST, HOUSTON, TX 77009-1840
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Mar 20, 2020
—
Iglesia Fuente De Agua Viva As
—
Deed
related
$559,097 · Juan L Perez
Aug 14, 2017
—
Wilibaldo Villanueva
—
Deed
related
$400,000 · Post Oak Bk
Jun 20, 2014
—
Iglesia Fuente De Agua Viva As
Wilibaldo H Villanueva
Warranty Deed
$600,000 · Wilibaldo H Villanueva
Jan 23, 2012
—
Villanueva,wilibaldo H
Trevino,jose R & Lorena P
Warranty Deed
related
—
Dec 30, 2011
—
Jose R Trevino
Cadgrey Christian Church
Warranty Deed
related
—
—
—
Iglesia Fuente De Agua Viva As
—
Loan Modification
related
$559,097 · Juan L Perez
—
—
Wilibaldo Villanueva
—
Deed Of Trust
related
$400,000 · Post Oak Bank
—
—
Wilibaldo Villanueva
—
Loan Modification
related
$400,000 · Post Oak 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.
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