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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Warehouses
22930 Interstate 45 Spring, TX 77373-8225
Entity Owned
Absentee Owner
Free & Clear
Property ID
US82-1675859
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
METAL FRAME
Total area
8,000 SF
Lot
3.03 ac (132,117 SF)
APN
1169820050001
UPID
US82-1675859
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$736k
Blend (final)
Blend
$785k
Owner & transaction history
Three Diamond Capital 22930 North Freeway LLC
Three Diamond Capital 22930 North Freeway LLC
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$665,000
+38.4%
Restaurant
$630,000
+32.0%
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 Spring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring 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
WAREHOUSE, STORAGE
$480,000
Current use
RETAIL STORES
$665,000
Change: +38% · Conversion: Moderate
RESTAURANT
$630,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$98 / 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
$15,889
Tax year 2023
Assessed value
$2,057,604
Assessed 2024
Previous assessed
$2,057,604
+0.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$1,585,404
Assessed improvement
$472,200
Land market value
$1,585,404
Improvement market value
$472,200
Total market value
$2,057,604
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
1997
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
1
Stories
1
Total area
8,000 SF
Lot
3.03 ac (132,117 SF)
APN
1169820050001
UPID
US82-1675859
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
WAREHOUSE, STORAGE Current
Est. value
$480,000
RETAIL STORES
Est. value
$665,000
RESTAURANT
Est. value
$630,000
WAREHOUSE, STORAGE Current
RETAIL STORES
RESTAURANT
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
1997
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
3.03 ac
Current owner
From public records · entity-resolved
Three Diamond Capital 22930 North Freeway LLC
Entity
Free & Clear · 0 yrs held
Mailing address
17925 NN FWY, HOUSTON, TX 77090-4909
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Apr 1, 2026
—
Three Diamond Capital 22930 North Freeway LLC
Victor George Real Estate Holdings LLC
Special Warranty Deed
—
Nov 27, 2018
—
Catherine H Vaughn
—
Deed
related
$300,000 · Capital Bk
Mar 7, 2018
—
Catherine H Vaughn
Vaughn,terrance L
Quit Claim Deed
related
—
Oct 4, 2017
—
Terrance L Vaughn
—
Deed
related
$234,650 · Capital Bk
Nov 5, 1996
—
Burditt Rv's INC
—
Deed Of Trust
related
$390,000 · Comerica Bank Texas
—
—
Catherine H Vaughn
—
Deed Of Trust
related
$300,000 · Capital Bk
—
—
Terrance L Vaughn
—
Deed Of Trust
related
$403,279 · Capital Bank NA
—
—
Terrance L Vaughn
—
Loan Modification
related
$234,650 · Capital 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.
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