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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Warehouses
17215 Veterans Dr Pearland, TX 77584-2901
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4799481
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1968
Total area
7,500 SF
Lot
4 ac (174,240 SF)
APN
0550-0003-110
UPID
US82-4799481
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
$545k
CAP Approach
CAP
$975k
Comparable Approach
Comparable
$690k
Blend (final)
Blend
$735k
Owner & transaction history
22106 Storage LLC · 14 yrs held
22106 Storage LLC
since 2012
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$840,000
+68.6%
Auto repair, garage
$750,000
+51.2%
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 Pearland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pearland 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
$545,000
CAP Approach
CAP Return
Estimation
6%
$1,055,000
6.5%
$975,000
7%
$905,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$495,000
Current use
RESTAURANT
$840,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$750,000
Change: +51% · Conversion: Easy
OFFICE BUILDING
$445,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$98 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$47,201
Tax year 2024
Assessed value
$2,786,760
Assessed 2024
Previous assessed
$2,521,035
+10.5% YoY
Effective rate
1.69%
On assessed value
Assessed land
$286,000
Assessed improvement
$2,500,760
Land market value
$286,000
Improvement market value
$2,500,760
Total market value
$2,786,760
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1968
Heating
PACKAGE
Cooling
CENTRAL
Buildings
12
Rooms
68
Total area
7,500 SF
Lot
4 ac (174,240 SF)
APN
0550-0003-110
UPID
US82-4799481
Jurisdiction
BRAZORIA
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
$495,000
RESTAURANT
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$750,000
OFFICE BUILDING
Est. value
$445,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE 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
1968
Heating
PACKAGE
Cooling
Yes
Buildings
12
Rooms
68
Lot
4 ac
Current owner
From public records · entity-resolved
22106 Storage LLC
Entity
Mailing address
4217 LAKEWAY BLVD, AUSTIN, TX 78734-5020
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Jan 24, 2012
—
22106 Storage LLC
Able Storage Ltd
Grant Deed
$800,000 · Texas Gulf Bank
Nov 9, 2009
—
Able Storage Ltd
Abel Business Park & Self Stor
Warranty Deed
$480,000 · Able Busn Park & Self Storage
Sep 30, 2008
—
Jean S Larsen
Larsen Ronald J
Quit Claim Deed
related
—
Oct 28, 2005
—
Jean S Larsen
Able Business Park & Self-stor
Grant Deed
related
—
—
—
22106 Storage LLC
—
Loan Modification
related
$771,370 · Texas Gulf 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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