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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Grocery and convenience stores
15935 Lee Rd Houston, TX 77032-4076
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-1603747
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
2005
Construction
CONCRETE BLOCKS
Total area
10,784 SF
Lot
1.34 ac (58,344 SF)
APN
791410080001
UPID
US82-1603747
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
-
M J's All Season Food Store Grocery & Convenience Store
-
Texaco Houston Auto Repair Shop
-
Amazon Locker - Energy Postal Service Courier Service
-
Yourstrulycustomz (Bike/Boat/Book/etc) Store
-
Bounce Luggage Storage - Houston Airport (George Bush) Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$841k
Blend (final)
Blend
$640k
Owner & transaction history
Song K Min · 7 yrs held
Song K Min
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+14.2%
Retail stores
$955,000
+8.2%
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
$440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$880,000
Current use
AUTO REPAIR, GARAGE
$1,005,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$955,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$59 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$21,734
Tax year 2022
Assessed value
$1,851,045
Assessed 2024
Previous assessed
$1,870,571
-1.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$525,096
Assessed improvement
$1,325,949
Land market value
$525,096
Improvement market value
$1,325,949
Total market value
$1,851,045
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
2005
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
10,784 SF
Lot
1.34 ac (58,344 SF)
APN
791410080001
UPID
US82-1603747
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
SERVICE STATION (FULL SERVICE) Current
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$955,000
SERVICE STATION (FULL SERVICE) Current
AUTO REPAIR, GARAGE
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
2005
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.34 ac
Current owner
From public records · entity-resolved
Song K Min
Individual
Mailing address
49 CHERRY HLS DR, JERSEY VILLAGE, TX 77064-4055
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2019
—
Song K Min
Min,pyong O
Quit Claim Deed
related
—
Dec 7, 2012
—
Min,pyong O & Hwaja
—
Deed Of Trust
related
$100,000 · American First Nat'l Bk
Mar 26, 2010
—
Pyong O Min
Kumsan INC
Grant Deed
related
—
Feb 24, 2005
—
Kumsan INC
Min,mun K & Song K
Warranty Deed
—
Nov 4, 1997
—
Young S Kim
Choi,jong H
Grant Deed
related
—
—
—
Pyong O Min
—
Loan Modification
related
$225,463 · American First Nat'l Bk
—
—
Pyong O Min
—
Deed Of Trust
related
$580,000 · American First National Bank
—
—
Pyong O Min
—
Loan Modification
related
$100,000 · American First National Bank
—
—
Song K Min
—
Deed Of Trust
related
$500,000 · American First Nat'l Bk
—
—
Pyong O Min
—
Loan Modification
related
$65,009 · American First Nat'l Bk
—
—
Pyong O Min
—
Deed Of Trust
related
$784,334 · Wells Fargo Bank
—
—
Pyong O Min
—
Deed Of Trust
related
$2,160,000 · American First National Bank
—
—
Pyong O Min
—
Loan Modification
related
$2,160,000 · American First National 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.
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