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Property profile & analytics
OFF-MARKET
Estimated value
$2,085,000
Commercial land
1915 Airline Dr Houston, TX 77009-2544
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3881146
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1977
Construction
STEEL FRAME
Total area
11,836 SF
Lot
0.61 ac (26,363 SF)
APN
1423590010001
UPID
US83-3881146
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
-
The Learning Experience Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.41M
Comparable Approach
Comparable
$1.77M
Blend (final)
Blend
$2.09M
Owner & transaction history
Ganges Houston Heights LLC · 4 yrs held
Ganges Houston Heights LLC
since 2022
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 Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Houston 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%
$2,605,000
6.5%
$2,405,000
7%
$2,230,000
Blend value · Realmo final
$2.09M
Range $1.88M – $2.29M · ±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
$176 / 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
$55,439
Tax year 2023
Assessed value
$1,845,410
Assessed 2024
Previous assessed
$2,751,560
-32.9% YoY
Effective rate
3.00%
On assessed value
Assessed land
$1,845,410
Land market value
$1,845,410
Total market value
$1,845,410
Applied tax rate
1.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1977
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
11,836 SF
Lot
0.61 ac (26,363 SF)
APN
1423590010001
UPID
US83-3881146
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
Building & site characteristics
From public records
Year built
1977
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.61 ac
Current owner
From public records · entity-resolved
Ganges Houston Heights LLC
Entity
Mailing address
2287 IPSWICH LN, FRISCO, TX 75036-5705
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2026
—
Ganges Houston Heights LLC
—
Deed
related
$2,500,000 · Liftfund INC
May 25, 2022
—
Ganges Houston Heights LLC
Mfc Food Service LLC
Venders Lien
$2,000,000 · Newfirst National Bank
Sep 13, 2013
—
Mfc Food Service LLC
—
Trustees Deed
related
$400,000 · American First Nat'l Bk
Mar 14, 2013
—
Mfc Food Service LLC
Kuos Family LP
Grant Deed
$960,000 · American First National Bank
Oct 26, 2006
—
Kuos Family
Kuo,chung L & Chiung-huey C
Quit Claim Deed
related
—
Dec 9, 1997
—
Welcome International Co INC
Houston Fruitland INC
Grant Deed
$200,000 · Seller
—
—
Mfc Food Service LLC
—
Loan Modification
related
$400,000 · American First Nat'l Bk
—
—
Mfc Food Service LLC
—
Loan Modification
related
$480,000 · American First Nat'l Bk
—
—
Mfc Food Service LLC
—
Loan Modification
related
$400,000 · American First Nat'l Bk
—
—
Mfc Food Service LLC
—
Loan Modification
related
$370,000 · American First Nat'l 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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