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Property profile & analytics
OFF-MARKET
Estimated value
$5,595,000
Warehouses
18314 Mathis Rd Waller, TX 77484-4986
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4227937
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Construction
STEEL FRAME
Total area
69,384 SF
Lot
86.7 ac (3,776,456 SF)
APN
422520000005
UPID
US82-4227937
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
-
Ravago Manufacturing Americas Chemical Plant
-
Natura PCR2 Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.17M
Blend (final)
Blend
$5.60M
Owner & transaction history
Home Tax Solutions LLC · 5 yrs held
Home Tax Solutions LLC
since 2021
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.2M
+121.0%
Restaurant
$6.8M
+82.1%
Auto repair, garage
$6.3M
+68.8%
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 Waller submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waller 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
WAREHOUSE, STORAGE
$3,720,000
Current use
COMMERCIAL (GENERAL)
$8,215,000
Change: +121% · Conversion: Difficult
RESTAURANT
$6,770,000
Change: +82% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,275,000
Change: +69% · Conversion: Easy
RETAIL STORES
$5,005,000
Change: +35% · Conversion: Moderate
MEDICAL BUILDING
$4,570,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,280,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$5.60M
Range $5.04M – $6.15M · ±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
$81 / 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
$104,452
Tax year 2023
Assessed value
$32,949,772
Assessed 2024
Previous assessed
$32,949,772
+0.0% YoY
Effective rate
0.32%
On assessed value
Assessed land
$4,764,684
Assessed improvement
$28,185,088
Land market value
$4,764,684
Improvement market value
$28,185,088
Total market value
$32,949,772
Applied tax rate
3.0000
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
1982
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
NONE
Buildings
8
Stories
1
Total area
69,384 SF
Lot
86.7 ac (3,776,456 SF)
APN
422520000005
UPID
US82-4227937
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
$3.7M
COMMERCIAL (GENERAL)
Est. value
$8.2M
RESTAURANT
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$6.3M
RETAIL STORES
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1982
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
8
Lot
86.7 ac
Current owner
From public records · entity-resolved
Home Tax Solutions LLC
Entity
Mailing address
920 MEMORIAL CITY WAY STE #715, HOUSTON, TX 77024-2650
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2021
—
Home Tax Solutions LLC
Ihg Real Estate 2 LLC
Land Contract
$293,953 · Not Available
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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