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Property profile & analytics
OFF-MARKET
Estimated value
$1,740,000
Warehouses
1440 Nn Loop Houston, TX 77009-1215
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US82-1648234
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
54,708 SF
Lot
2.69 ac (117,246 SF)
APN
400580000003
UPID
US82-1648234
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
-
North Loop Self Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Near2Me Storage Units Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.74M
Owner & transaction history
North Loop Storage LP · 14 yrs held
North Loop Storage LP
since 2011
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$32 / 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
$108,843
Tax year 2023
Assessed value
$5,468,188
Assessed 2024
Previous assessed
$5,468,188
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$2,344,920
Assessed improvement
$3,123,268
Land market value
$2,344,920
Improvement market value
$3,123,268
Total market value
$5,468,188
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
3
Total area
54,708 SF
Lot
2.69 ac (117,246 SF)
APN
400580000003
UPID
US82-1648234
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
Building & site characteristics
From public records
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
3
Lot
2.69 ac
Current owner
From public records · entity-resolved
North Loop Storage LP
Entity
Mailing address
1440 NN LOOP, HOUSTON, TX 77009-1215
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
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
Dec 8, 2011
—
North Loop Storage LP
Comerica Bk
Grant Deed
$1,100,000 · North Loop Storage Lending LLC
Nov 29, 2011
—
North Loop Storage LP
Comerica Bk
Grant Deed
$1,100,000 · North Loop Storage Lending LLC
Dec 7, 2010
$2,115,000
Sterling Bk
Wonish,donna
Trustees Deed
related
—
Feb 15, 2008
—
Consolidated Storage Southern
Silver Lion INC
Warranty Deed
$3,200,000 · Sterling Bank
Sep 1, 2006
—
Silver Lion INC
1440 North Loop Corp
Venders Lien
$1,785,000 · Independence Bank NA
—
—
North Loop Storage LP
—
Deed Of Trust
related
$2,500,000 · Bank Of River Oaks
—
—
Consolidated Storage Southern
—
Deed Of Trust
related
$900,000 · Sterling 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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