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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Flex space
1616 Gears Rd Houston, TX 77067-4106
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US82-2816966
Property summary
AI-generated overview
This exceptional 215,474 square foot, single-tenant manufacturing campus in Houston, Texas presents a compelling sale-leaseback opportunity. Situated on a 16.68-acre lot, the property boasts two manufacturing facilities and two office buildings, totaling 23,856 square feet of office space. Built in 2009 and renovated in 2022, the facility features 50-foot ceiling heights and crane service up to 40 tons. The property enjoys a prime location in North Houston, offering easy access to major transportation arteries including Beltway 8, I-45 North, and the Hardy Toll Road. Currently 100% occupied by W-Industries, Inc., this asset offers a strong 7.75% cap rate and a Net Operating Income (NOI) of $2,120,268, with an asking price of $27,358,247. The property's design allows for easy subdivision, with multiple points of ingress and egress, making it an attractive investment opportunity. The address is 1616 Gears Rd, Houston, TX 77067, in Harris County. This is a rare chance to acquire a high-quality, fully occupied industrial property in a thriving market.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2009
Construction
METAL FRAME
Total area
100,586 SF
Lot
8.34 ac (363,360 SF)
APN
1313580010001
UPID
US82-2816966
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
-
Volta LLC Factory Industrial Manufacturer
-
W-Industries Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Volta Properties LLC · 17 yrs held
Volta Properties LLC
since 2009
5 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
$14 / 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
$88,433
Tax year 2023
Assessed value
$10,609,607
Assessed 2024
Previous assessed
$10,609,607
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$1,533,870
Assessed improvement
$9,075,737
Land market value
$1,533,870
Improvement market value
$9,075,737
Total market value
$10,609,607
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2009
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Total area
100,586 SF
Lot
8.34 ac (363,360 SF)
APN
1313580010001
UPID
US82-2816966
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
2009
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Buildings
3
Lot
8.34 ac
Current owner
From public records · entity-resolved
Volta Properties LLC
Entity
Mailing address
1616 GEARS RD, HOUSTON, TX 77067-4106
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2010
—
Volta Properties LLC
—
Trustees Deed
related
$649,557 · Bank Of River Oaks
Feb 13, 2009
—
Volta Properties LLC
Volta LLC
Quit Claim Deed
related
$5,210,000 · Bank Of River Oaks
May 19, 2008
—
Volta LLC
Capital Electric
Grant Deed
related
—
—
—
Volta Properties LLC
—
Deed Of Trust
related
$6,800,000 · Wells Fargo Bank
—
—
Volta Properties LLC
—
Deed Of Trust
related
$4,607,966 · Bank Of River Oaks
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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