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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Warehouses
14451 State Hwy 249 Houston, TX 77086-4213
Individually Owned
18-yr Hold
Free & Clear
Property ID
US82-3725036
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1984
Construction
STEEL FRAME
Total area
9,300 SF
Lot
2.28 ac (99,317 SF)
APN
272580000036
UPID
US82-3725036
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
$762k
Blend (final)
Blend
$760k
Owner & transaction history
Garnett B Grevelle · 18 yrs held
Garnett B Grevelle
since 2007
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$970,000
+98.6%
Restaurant
$935,000
+92.1%
Retail stores
$655,000
+34.6%
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
$485,000
Current use
AUTO REPAIR, GARAGE
$970,000
Change: +99% · Conversion: Easy
RESTAURANT
$935,000
Change: +92% · Conversion: Difficult
RETAIL STORES
$655,000
Change: +35% · Conversion: Moderate
OFFICE BUILDING
$645,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$595,000
Change: +22% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$580,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$82 / 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
$4,398
Tax year 2023
Assessed value
$5,203,644
Assessed 2024
Previous assessed
$5,203,644
+0.0% YoY
Effective rate
0.08%
On assessed value
Assessed land
$496,580
Assessed improvement
$4,707,064
Land market value
$496,580
Improvement market value
$4,707,064
Total market value
$5,203,644
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
5
Stories
1
Total area
9,300 SF
Lot
2.28 ac (99,317 SF)
APN
272580000036
UPID
US82-3725036
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
$485,000
AUTO REPAIR, GARAGE
Est. value
$970,000
RESTAURANT
Est. value
$935,000
RETAIL STORES
Est. value
$655,000
OFFICE BUILDING
Est. value
$645,000
MEDICAL BUILDING
Est. value
$595,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$580,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
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
1984
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Lot
2.28 ac
Current owner
From public records · entity-resolved
Garnett B Grevelle
Individual
Free & Clear · 18 yrs held
Mailing address
PO BOX 25025, GLENDALE, CA 91221-5025
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2022
—
Fairbanks Industrial LLC
—
Deed
related
$920,000 · Frost Bank
Oct 24, 2007
—
Garnett B Grevelle
Grevelle,garnett A
Quit Claim Deed
related
—
Feb 13, 1997
—
Ps Texas Holdings Ltd
Ps Lpt Properties Investors
Grant Deed
related
—
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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