Technical
Financial
Distress signals
Property profile

224 Gray St 1111 Houston, TX 77019

OFF-MARKET
Warehouses
Property ID
US82-2022908
168,994 SF 1.09 ac lot Built 2015
Individually Owned 12-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2015
Construction STEEL FRAME
Total area 168,994 SF
Lot 1.09 ac (47,681 SF)
APN 1362060010001
UPID US82-2022908

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
  • Storage Facility
  • Storage Facility

Location

224 Gray St, Unit 1111 Houston, TX 77019-5420
Houston metro Census 410101 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$11.83M
Blend (final) Blend
$12.85M

Owner & transaction history

since 2014
7 recorded transactions
2020
Price N/A
2014
Price N/A
2009
Price N/A
2009
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $17.6M +112.5%
Auto repair, garage $15.8M +90.6%
Apartment house (5+ units) $14.1M +70.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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