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Property profile & analytics
OFF-MARKET
Warehouses
15515 Garrett Rd Houston, TX 77044-5835
Individually Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0287655
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
METAL FRAME
Total area
3,310 SF
Lot
1.61 ac (70,001 SF)
APN
502040000023
UPID
US82-0287655
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
-
Courtesy Roofing Inc. Roofing Company General Contractor
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
Frank W Thornton · 15 yrs held
Frank W Thornton
since 2010
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
—
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
$3,103
Tax year 2023
Assessed value
$375,572
Assessed 2024
Previous assessed
$375,572
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$117,502
Assessed improvement
$258,070
Land market value
$117,502
Improvement market value
$258,070
Total market value
$375,572
Applied tax rate
23.0000
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
1997
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
3,310 SF
Lot
1.61 ac (70,001 SF)
APN
502040000023
UPID
US82-0287655
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
1997
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
1.61 ac
Current owner
From public records · entity-resolved
Frank W Thornton
Individual
Mailing address
14638 GARRETT RD, HOUSTON, TX 77044-5856
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2018
—
Bradley C Bakker
—
Deed
related
$92,000 · Krebs Dev INC
Oct 12, 2010
—
Frank W Thornton
Krebs,paul H
Warranty Deed
$132,000 · Paul H Krebs
Feb 12, 2010
—
Paul H Krebs
Wilkes,shannon & Rebecca L
Warranty Deed
related
—
Aug 17, 2006
—
Shannon Wilkes
Krebs,paul H
Warranty Deed
$175,000 · Paul H Krebs
Dec 17, 2004
—
Claudia J Ray
Krebs,paul H
Warranty Deed
$115,000 · Paul H Krebs
Nov 23, 2004
—
Philip R Thornton
Griffin,kenneth G & Kathy A
Warranty Deed
$110,000 · Paul H Krebs
Jul 29, 1999
—
Paul H Krebs Trustee
Barkley,delmer
Grant Deed
related
—
Jan 23, 1998
—
Delmer L Barkley
Krebs,paul H
Grant Deed
$85,000 · Seller
—
—
Bradley C Bakker
—
Deed Of Trust
related
$92,000 · Krebs Dev INC
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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