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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Flex space
1718 13th St Deer Park, TX 77536-2532
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4716499
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1985
Construction
METAL FRAME
Total area
12,468 SF
Lot
12.5 ac (544,526 SF)
APN
402180040018
UPID
US82-4716499
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
-
Gulf Star Trucking Trucking Company
-
United Rentals - Reliable Onsite Services Building Supply
-
United Rentals (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$815k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$435k
Blend (final)
Blend
$625k
Owner & transaction history
Welcome Dev Group LLC · 6 yrs held
Welcome Dev Group LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$935,000
+183.9%
Medical building
$820,000
+149.5%
Apartment house (5+ units)
$770,000
+133.5%
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 Deer Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Deer Park 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
$815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$935,000
Change: +184% · Conversion: Difficult
MEDICAL BUILDING
$820,000
Change: +149% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$770,000
Change: +134% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$50 / 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
$77,977
Tax year 2023
Assessed value
$4,219,256
Assessed 2024
Previous assessed
$4,219,256
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$2,772,156
Assessed improvement
$1,447,100
Land market value
$2,772,156
Improvement market value
$1,447,100
Total market value
$4,219,256
Applied tax rate
2.0000
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
1985
Construction
METAL FRAME
Heating
RADIANT
Cooling
NONE
Buildings
4
Stories
2
Total area
12,468 SF
Lot
12.5 ac (544,526 SF)
APN
402180040018
UPID
US82-4716499
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
OFFICE BUILDING
Est. value
$935,000
MEDICAL BUILDING
Est. value
$820,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$770,000
OFFICE BUILDING
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
1985
Construction
METAL FRAME
Heating
RADIANT
Cooling
Yes
Stories
2
Buildings
4
Lot
12.5 ac
Current owner
From public records · entity-resolved
Welcome Dev Group LLC
Entity
Mailing address
5858 WESTHEIMER RD STE #800, HOUSTON, TX 77057-5777
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2020
—
Welcome Dev Group LLC
Welcome Land Dev LLC
Quit Claim Deed
related
$2,200,000 · Veritex Cmnty Bk
Apr 17, 2019
—
Welcome Indl Sub Seven LLC
—
Grant Deed
related
$26,000,000 · Bank Of Tx
Jan 15, 2019
—
Welcome Land Dev LLC
Gsl Constructors Ltd
Grant Deed
related
—
Mar 9, 2018
—
Gsl Constructors Ltd
—
Loan Modification
related
$1,549,466 · Green Bk
Jan 12, 2018
—
Gsl Constructors Ltd
—
Deed
related
$1,539,343 · Green Bk
Jan 3, 2018
—
Gsl Constructors Ltd
—
Deed
related
$1,552,792 · Green Bk
Mar 8, 2011
—
Gsl Constructors Ltd
Gsl Partners Sub Three LP
Quit Claim Deed
related
—
—
—
Gsl Constructors Sub 42 LLC
—
Deed Of Trust
related
$2,200,000 · Green Bk
—
—
Gsl Constructors Ltd
—
Loan Modification
related
$1,796,075 · Green Bk
—
—
Gsl Constructors Ltd
—
Loan Modification
related
$1,539,343 · Green Bk
—
—
Gsl Constructors Ltd
—
Loan Modification
related
$1,552,792 · Green 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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