Entity Owned Property summary
AI-generated overview
Northpark Plaza, located at 1964 Northpark Dr, Kingwood, TX 77339, offers a prime retail space in a Class A building. This single-building property boasts a total of 9,900 square feet, with 2,200 square feet currently vacant and divisible into units as small as 1,100 square feet. The space features a contemporary new design, completed in a 2022 renovation, and offers excellent visibility with over 200 feet of frontage and monument signage. Tenants will benefit from abundant parking with 44 spaces available. The inline space provides superior exposure, making it ideal for a variety of retail businesses. The ceiling height is 12 feet. Estimated lease rates are $21.00 per square foot, with estimated NNN charges of $7.00 per square foot. This exceptional retail space is available immediately. The property is conveniently located in Kingwood, Texas.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1985
Total area
15,420 SF
Lot
1.87 ac (81,588 SF)
Zoning code
5
APN
0283-00-00558
UPID
US83-2434734
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Insurance Agency
-
Hair Salon Nail Salon
-
Medical Clinic Skin Care Clinic
-
Storage Facility
-
Gym & Fitness Center
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.31M
Owner & transaction history
since 2016
2 recorded transactions
Zoning & alternative use
5 · Kingwood, TX
Top alternative use upside
Office building
$1.9M
+131.9%
Industrial (general)
$1.7M
+107.8%
Restaurant
$1.5M
+85.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
8 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.31M
Value range
$1.18M – $1.44M
±10% around blend
Estimated value / SF
$85 / SF
Confidence
Property data
88
Comparable evidence
60
$1.18M
blend $1.31M
$1.44M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
15,420 SF
Lot area
1.87 ac
Year built
1985
APN
0283-00-00558
Zoning
5
Assessed value
$2,100,000
Annual tax
$35,680
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.11M
Range $390k – $1.25M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.31M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+132%
vs current-use indication
Industrial (general)
Restaurant
Commercial (general)
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.10M
Move the market yield to see immediate price impact.
Value / SF
$136
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$132k
$2.65M
$1.89M
$1.47M
$147k
$2.94M
$2.10M
$1.63M
$162k
$3.23M
$2.31M
$1.80M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$35,680
Tax year 2024
Assessed value
$2,100,000
Assessed 2024
Previous assessed
$1,900,000
+10.5% YoY
Effective rate
1.70%
On assessed value
Assessed land
$244,764
Assessed improvement
$1,855,236
Land market value
$244,764
Improvement market value
$1,855,236
Total market value
$2,100,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Heating
NONE
Cooling
NONE
Buildings
7
Total area
15,420 SF
Lot
1.87 ac (81,588 SF)
Zoning code
5
APN
0283-00-00558
UPID
US83-2434734
Jurisdiction
MONTGOMERY
Zoning & alternative use
5 · Kingwood, TXZoning 5 · permitted uses
5 · Kingwood, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Cooling
Yes
Buildings
7
Lot
1.87 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
5
Jurisdiction
Kingwood, TX
Recorded code
5
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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