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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Warehouses
16734 House Hahl Rdrd Cypress, TX 77433-1902
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-9539487
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2016
Construction
METAL FRAME
Total area
25,680 SF
Lot
1.41 ac (61,550 SF)
APN
1354540010004
UPID
US82-9539487
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
$840k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$874k
Blend (final)
Blend
$855k
Owner & transaction history
Neros One LLC · 10 yrs held
Neros One LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+11.4%
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 Cypress submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cypress 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
$840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,130,000
Current use
MEDICAL BUILDING
$1,260,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,070,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$33 / 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
$21,148
Tax year 2023
Assessed value
$2,952,590
Assessed 2024
Previous assessed
$2,952,590
+0.0% YoY
Effective rate
0.72%
On assessed value
Assessed land
$307,755
Assessed improvement
$2,644,835
Land market value
$307,755
Improvement market value
$2,644,835
Total market value
$2,952,590
Applied tax rate
4.0000
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
2016
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Total area
25,680 SF
Lot
1.41 ac (61,550 SF)
APN
1354540010004
UPID
US82-9539487
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
$1.1M
MEDICAL BUILDING
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2016
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Lot
1.41 ac
Current owner
From public records · entity-resolved
Neros One LLC
Entity
Free & Clear · 10 yrs held
Mailing address
6934 SIGNAT DR, HOUSTON, TX 77041-2719
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2019
—
Mm Realty LLC
—
Deed
related
$561,000 · Trustmark Nat'l Bk
May 1, 2019
—
Blackhorse Storage LLC
—
Deed
related
$1,800,000 · Trustmark Nat'l Bk
Sep 8, 2016
—
Neros One LLC
—
Deed
related
$2,361,028 · Plainscapital Bk
Jul 6, 2016
—
Neros One LLC
M & D Dev LLC
Warranty Deed
related
—
Mar 4, 2016
—
Mm Realty LLC
—
Trustees Deed
related
$1,360,000 · Trustmark Nat'l Bk
—
—
Mm Realty LLC
—
Deed Of Trust
related
$561,000 · Trustmark Nat'l Bk
—
—
Blackhorse Storage LLC
—
Deed Of Trust
related
$1,800,000 · Trustmark Nat'l Bk
—
—
Neros One LLC
—
Deed Of Trust
related
$2,361,028 · Plainscapital Bk
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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