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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Distribution centers
142 Knobcrest Dr Houston, TX 77060-1213
Entity Owned
Free & Clear
Property ID
US82-2320500
Property summary
AI-generated overview
This exceptional 26,106-square-foot warehouse in Houston, Texas, presents a compelling investment opportunity. Situated at 142 Knobcrest Dr, in Harris County, zip code 77060, this industrial property boasts a versatile layout ideal for various operational needs. The warehouse features five dock-high doors, ensuring efficient loading and unloading, and offers ceiling heights ranging from 10 to 19 feet, providing ample vertical space for storage and operations. The property includes a substantial 150-foot truck court, facilitating easy maneuverability for large vehicles. Ample parking is available for employees and visitors. Further enhancing its functionality, the property offers trailer storage capabilities and two convenient points of entry. The building also includes a significant office area, approximately 11,451 square feet, which underwent a complete refurbishment in 2021. Additional space includes approximately 638 square feet of storage and 6,930 square feet of freezer space. Contact us for pricing details. This property is for sale.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1967
Construction
BRICK
Total area
12,423 SF
Lot
2.8 ac (121,968 SF)
APN
420550000005
UPID
US82-2320500
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
-
Cyclone Cotton Candy Specialty Food Shop Candy Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$780k
Blend (final)
Blend
$870k
Owner & transaction history
MENDWARE LLC
MENDWARE LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+119.6%
Auto repair, garage
$1.2M
+102.7%
Medical building
$795,000
+38.6%
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
$570,000
Current use
RESTAURANT
$1,255,000
Change: +120% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,160,000
Change: +103% · Conversion: Easy
MEDICAL BUILDING
$795,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$665,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$70 / 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
$12,307
Tax year 2023
Assessed value
$1,596,793
Assessed 2024
Previous assessed
$1,596,793
+0.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$472,260
Assessed improvement
$1,124,533
Land market value
$472,260
Improvement market value
$1,124,533
Total market value
$1,596,793
Applied tax rate
9.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1967
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
12,423 SF
Lot
2.8 ac (121,968 SF)
APN
420550000005
UPID
US82-2320500
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
$570,000
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$795,000
RETAIL STORES
Est. value
$665,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1967
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
2.8 ac
Current owner
From public records · entity-resolved
MENDWARE LLC
Entity
Free & Clear · 0 yrs held
Mailing address
142 KNOBCREST DR, HOUSTON, TX 77060-1213
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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