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Property profile & analytics
FOR LEASE
Strip malls
18455 W Lake Houston Pkwy, Humble, TX 77346
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-0921031
For Lease
1 / 8
$835,000
18455 W Lake Houston Pkwy, Humble, TX 77346
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
STEEL FRAME
Total area
34,917 SF
Lot
6.8 ac (296,208 SF)
APN
1205900010083
UPID
US83-0921031
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
-
Market Cleaners (Bike/Boat/Book/etc) Store
-
Cordovan Art School & Pottery Parlor Vocational School
-
Edward Jones - Financial Advisor: Robert A Sitton, AAMS® Financial Advisor
-
Carney's Tutoring Tutoring Service
-
Keese Larry a DVM Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$835k
Owner & transaction history
Sona Colonnades LP · 9 yrs held
Sona Colonnades LP
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Humble submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Humble 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
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$830,000
Current use
Blend value · Realmo final
$835k
Range $752k – $919k · ±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
$24 / 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
$90,146
Tax year 2022
Assessed value
$12,051,487
Assessed 2024
Previous assessed
$12,137,831
-0.7% YoY
Effective rate
0.75%
On assessed value
Assessed land
$3,554,496
Assessed improvement
$8,496,991
Land market value
$3,554,496
Improvement market value
$8,496,991
Total market value
$12,051,487
Applied tax rate
18.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
34,917 SF
Lot
6.8 ac (296,208 SF)
APN
1205900010083
UPID
US83-0921031
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$830,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Lot
6.8 ac
Current owner
From public records · entity-resolved
Sona Colonnades LP
Entity
Mailing address
4141 SWSW FWY STE #470, HOUSTON, TX 77027-7353
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2016
—
Sona Colonnades LP
Byrne-colonnade West Lake Ll
Grant Deed
$7,000,000 · Morgan Stanley Bk
Sep 27, 2011
—
West Lake Raccanello-colonnade
Hill-colonnade West Lake LLC
Quit Claim Deed
related
—
Jul 22, 2008
—
West Lake San Mateo-colonnade
Dbsi Colonnade West Lake LLC
Grant Deed
related
—
Jan 5, 2007
—
Cadorin-colonnade West Lake Ll
Dbsi Colonnade West Lake LLC
Warranty Deed
related
—
Dec 19, 2006
—
Treat-colonnade West Lake LLC
Dbsi Colonnade West Lake LLC
Warranty Deed
related
—
Nov 29, 2006
—
Higdon-colonnade West Lake LLC
Dbsi Colonnade West Lake LLC
Warranty Deed
related
—
Nov 22, 2006
—
Byrne-colonnade West Lake LLC
Dbsi Colonnade West Lake LLC
Warranty Deed
related
—
Jun 29, 2004
—
Southtrust Bank
Flyg,richard A
Grant Deed
related
—
—
—
Perez-colonnade West Lake Ll
—
Deed Of Trust
related
$7,565,656 · Us Bank NA Series 2007-c2 (ce)
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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