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Property profile & analytics
OFF-MARKET
Flex space
1499 Underwood Rd La Porte, TX 77571-9469
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US83-0603884
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1985
Construction
METAL FRAME
Total area
9,840 SF
Lot
5.24 ac (228,394 SF)
APN
1374430010002
UPID
US83-0603884
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shrum Family Ptshp Ltd · 17 yrs held
Shrum Family Ptshp Ltd
since 2009
4 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 La Porte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Porte 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
—
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
$13,874
Tax year 2023
Assessed value
$1,877,093
Assessed 2024
Previous assessed
$1,877,093
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$1,027,773
Assessed improvement
$849,320
Land market value
$1,027,773
Improvement market value
$849,320
Total market value
$1,877,093
Applied tax rate
20.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1985
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
5
Total area
9,840 SF
Lot
5.24 ac (228,394 SF)
APN
1374430010002
UPID
US83-0603884
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
1985
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Buildings
5
Lot
5.24 ac
Current owner
From public records · entity-resolved
Shrum Family Ptshp Ltd
Individual
Mailing address
PO BOX 1379, LA PORTE, TX 77572-1379
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2009
—
Shrum Family Ptshp Ltd
Zachry Industrial INC
Grant Deed
$2,336,000 · Wfb NA
Dec 28, 2007
—
Zachry Construction Corp
Hb Zachry
Quit Claim Deed
related
—
—
—
Shrum Family Ptshp Ltd
—
Loan Modification
related
$2,336,000 · Wfb NA
—
—
Shrum Family Ptshp Ltd
—
Deed Of Trust
related
$584,000 · Jim C & Sherry J Shrum
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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