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Property profile & analytics
OFF-MARKET
Estimated value
$3,750,000
Automotive properties
17970 Gulf Fwy, Friendswood, TX 77546-2723
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-5363256
Property summary
AI-generated overview
This exceptional 9.773-acre commercial land parcel boasts 398.82 feet of frontage on the Gulf Freeway (I-45 South feeder road). Its strategic location sits directly between the off-ramp and on-ramp, providing unparalleled visibility and accessibility for businesses. The property is already platted with the City of Houston, simplifying the development process. Essential utilities, including water and storm drainage, are readily available, minimizing infrastructure costs. This prime location offers significant potential for a variety of commercial ventures, capitalizing on the high volume of traffic along this major thoroughfare. The expansive lot size allows for substantial development opportunities, making it an ideal investment for businesses seeking high visibility and convenient access to a major transportation artery in the thriving Harris County, Texas market. The property is located in Friendswood, TX, zip code 77546, at 17970 Gulf Fwy.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2021
Construction
METAL FRAME
Total area
49,191 SF
Lot
11.04 ac (480,920 SF)
APN
1409450010001
UPID
US82-5363256
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
-
Land Rover Clear Lake Service & Parts Center Auto Repair Shop Vehicle Inspection Center
-
Jaguar Clear Lake Sales Center Car Dealership
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
JLR Clear Lake Car Dealership
-
Jaguar Clear Lake Service & Parts Center Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.75M
Owner & transaction history
Rehco Clear Lake LP · 5 yrs held
Rehco Clear Lake LP
since 2020
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.8M
+7.9%
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 Friendswood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Friendswood 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
AUTO REPAIR, GARAGE
$4,450,000
Current use
RESTAURANT
$4,800,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,380,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$3.75M
Range $3.38M – $4.13M · ±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
$76 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$152,122
Tax year 2022
Assessed value
$14,788,762
Assessed 2024
Previous assessed
$14,429,038
+2.5% YoY
Effective rate
1.03%
On assessed value
Assessed land
$4,809,200
Assessed improvement
$9,979,562
Land market value
$4,809,200
Improvement market value
$9,979,562
Total market value
$14,788,762
Applied tax rate
27.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2021
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
49,191 SF
Lot
11.04 ac (480,920 SF)
APN
1409450010001
UPID
US82-5363256
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
AUTO REPAIR, GARAGE Current
Est. value
$4.5M
RESTAURANT
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.4M
AUTO REPAIR, GARAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
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
2021
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
11.04 ac
Current owner
From public records · entity-resolved
Rehco Clear Lake LP
Entity
Mailing address
1101 N BROADWAY AVE STE #400, OKLAHOMA CITY, OK 73103-4939
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2020
—
Rehco Clear Lake LP
—
Deed
related
$17,040,000 · Comerica Bk
—
—
Rehco Clear Lake LP
—
Deed Of Trust
related
$17,040,000 · Comerica 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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