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Property profile & analytics
OFF-MARKET
Estimated value
$2,260,000
Flex space
19423 Aldine Westfield Rd Houston, TX 77073-3807
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-1438746
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2009
Construction
METAL FRAME
Total area
114,900 SF
Lot
24.67 ac (1,074,817 SF)
APN
1318490010002
UPID
US82-1438746
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
-
Auto Parts Laredo Auto Parts Store (Bike/Boat/Book/etc) Store
-
LKQ Heavy Truck - Houston, TX Auto Parts Store Big Box & Wholesale Store
-
LKQ South Texas Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.26M
Owner & transaction history
Donovan Texas Investments LLC · 15 yrs held
Donovan Texas Investments LLC
since 2010
5 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,200,000
Current use
Blend value · Realmo final
$2.26M
Range $2.03M – $2.49M · ±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
$20 / 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
$183,677
Tax year 2023
Assessed value
$14,417,775
Assessed 2024
Previous assessed
$14,417,775
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$4,299,268
Assessed improvement
$10,118,507
Land market value
$4,299,268
Improvement market value
$10,118,507
Total market value
$14,417,775
Applied tax rate
9.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2009
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Total area
114,900 SF
Lot
24.67 ac (1,074,817 SF)
APN
1318490010002
UPID
US82-1438746
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
INDUSTRIAL (GENERAL) Current
Est. value
$3.2M
INDUSTRIAL (GENERAL) 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
2009
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Buildings
3
Lot
24.67 ac
Current owner
From public records · entity-resolved
Donovan Texas Investments LLC
Entity
Mailing address
6 RUE CHAMONIX, NEWPORT BEACH, CA 92660-5902
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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 22, 2019
—
Donovan Investments LLC
—
Deed
related
—
Jun 4, 2018
—
Donovan Investments LLC
—
Trustees Deed
related
$7,800,000 · Sunwest Bk
Aug 26, 2010
—
Donovan Texas Investments LLC
Aen Farrell LP
Grant Deed
$5,650,000 · American Equity Inv Life Ins
—
—
Donovan Investments LLC
—
Loan Modification
related
—
—
—
Donovan Investments LLC
—
Deed Of Trust
related
$7,800,000 · Sunwest 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.
Try Rey
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