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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Warehouses
221 Barren Spgs Dr Houston, TX 77090-5926
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US82-2863305
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Construction
BRICK
Total area
78,025 SF
Lot
3.99 ac (173,791 SF)
APN
1294570010001
UPID
US82-2863305
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.06M
Owner & transaction history
Lone Stat C&l Investments LLC · 12 yrs held
Lone Stat C&l Investments LLC
since 2013
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
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±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
$14 / 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
$30,592
Tax year 2023
Assessed value
$3,921,344
Assessed 2024
Previous assessed
$3,921,344
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$782,060
Assessed improvement
$3,139,284
Land market value
$782,060
Improvement market value
$3,139,284
Total market value
$3,921,344
Applied tax rate
24.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
78,025 SF
Lot
3.99 ac (173,791 SF)
APN
1294570010001
UPID
US82-2863305
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
2009
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
3.99 ac
Current owner
From public records · entity-resolved
Lone Stat C&l Investments LLC
Entity
Mailing address
PO BOX 2745, BRYAN, TX 77805-2745
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2013
—
Lone Stat C&l Investments LLC
Blue Ash Partners LP
Special Warranty Deed
$4,875,000 · Wells Fargo Bank NA
Mar 26, 2009
—
Ash Partners Blue
—
Trustees Deed
related
—
Mar 13, 2009
—
Ash Partners Blue
—
Trustees Deed
related
$288,689 · Encore Bank
Aug 31, 2006
—
Ash Partners Blue
Jaehne Keith C
Grant Deed
related
—
—
—
Ash Partners Blue
—
Deed Of Trust
related
—
—
—
Ash Partners LP Blue
—
Deed Of Trust
related
$1,850,400 · Texas Gulf Bank
—
—
Lone Star C & L Invs LLC
—
Deed Of Trust
related
$5,900,000 · Wells Fargo Bk
—
—
Ash Partners Blue
—
Deed Of Trust
related
—
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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