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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Warehouses
1597 Blalock Rd Houston, TX 77080-7318
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-1749718
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1976
Construction
METAL FRAME
Total area
14,330 SF
Lot
3.1 ac (135,180 SF)
APN
670450050042
UPID
US82-1749718
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
$1.20M
Blend (final)
Blend
$1.14M
Owner & transaction history
Koa Group INC · 8 yrs held
Koa Group INC
since 2017
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+88.2%
Restaurant
$1.5M
+69.7%
Retail stores
$1.0M
+21.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$855,000
Current use
AUTO REPAIR, GARAGE
$1,605,000
Change: +88% · Conversion: Easy
RESTAURANT
$1,450,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$1,035,000
Change: +21% · Conversion: Moderate
OFFICE BUILDING
$995,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$915,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±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
$80 / 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
$38,506
Tax year 2023
Assessed value
$3,804,008
Assessed 2024
Previous assessed
$3,804,008
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$2,703,600
Assessed improvement
$1,100,408
Land market value
$2,703,600
Improvement market value
$1,100,408
Total market value
$3,804,008
Applied tax rate
25.0000
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
1976
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
8
Stories
1
Total area
14,330 SF
Lot
3.1 ac (135,180 SF)
APN
670450050042
UPID
US82-1749718
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
$855,000
AUTO REPAIR, GARAGE
Est. value
$1.6M
RESTAURANT
Est. value
$1.5M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING
Est. value
$995,000
MEDICAL BUILDING
Est. value
$915,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
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
1976
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
8
Lot
3.1 ac
Current owner
From public records · entity-resolved
Koa Group INC
Entity
Free & Clear · 8 yrs held
Mailing address
9600 BELLAIRE BLVD STE 211A, HOUSTON, TX 77036-4535
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2024
—
14 Mlpa LLC
—
Deed
related
$4,300,000 · Koa Group INC
Nov 16, 2017
—
Koa Group INC
Wiggins,nelson R
Warranty Deed
related
—
Nov 26, 2013
—
Koa Group INC
Wiggins,nelson R
Dual Purpose Document
related
$1,210,000 · Nelson R Wiggins
Dec 10, 2009
—
Nelson R Wiggins
Cinco Equity Ltd
Grant Deed
$950,000 · Amegy Bank NA
—
—
Cinco Equity Ltd
—
Deed Of Trust
related
$550,000 · Lehman Brothers Bank Fsb
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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