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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Distribution centers
2021 Bingle Rd Houston, TX 77055-1435
Individually Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-1040948
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2002
Construction
STEEL FRAME
Total area
43,440 SF
Lot
2.89 ac (125,762 SF)
APN
1233950010001
UPID
US82-1040948
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
-
SnowFruit Grocery & Convenience Store Food Market
-
Snowfox Corporate Office (JFE Franchising, Inc) Corporate Office
-
JFE Franchising, Inc. (Snowfox) Corporate Office
-
Sushi Academy Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$860k
Owner & transaction history
Meyoung Kim · 14 yrs held
Meyoung Kim
since 2011
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$31,521
Tax year 2023
Assessed value
$3,224,227
Assessed 2024
Previous assessed
$3,224,227
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$1,462,332
Assessed improvement
$1,761,895
Land market value
$1,462,332
Improvement market value
$1,761,895
Total market value
$3,224,227
Applied tax rate
25.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
43,440 SF
Lot
2.89 ac (125,762 SF)
APN
1233950010001
UPID
US82-1040948
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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
2.89 ac
Current owner
From public records · entity-resolved
Meyoung Kim
Individual
Mailing address
1200 BLALOCK RD STE #107, HOUSTON, TX 77055-6437
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2018
—
Mc Y Kim
—
Deed
related
$3,000,000 · Jp Morgan Chase Bk
Feb 23, 2017
—
Meyoung Kim
—
Deed
related
$3,000,000 · Jp Morgan Chase Bk
Aug 31, 2011
—
Meyoung Kim
Angadare Land LP
Grant Deed
$650,000 · Angadare Land LP
—
—
Meyoung Kim
—
Deed Of Trust
related
$1,000,000 · Jp Morgan Chase Bk
—
—
Meyoung Kim
—
Deed Of Trust
related
$3,000,000 · Jp Morgan Chase Bk
—
—
Mc Y Kim
—
Loan Modification
related
$3,000,000 · Jp Morgan Chase 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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