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Property profile & analytics
FOR SALE
Warehouses
230 W Canino Rd Houston, TX 77037
Individually Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3949764
For Sale
1 / 15
Contact for pricing
230 W Canino Rd, Houston, TX 77037
View Listing →
Property summary
AI-generated overview
This exceptional 11.68-acre commercial land parcel in unincorporated Harris County, Texas, presents a compelling investment opportunity. Located at 230 W Canino Rd, Houston, TX 77037, this property boasts a strategic location, just 12.1 miles from George Bush Intercontinental Airport (IAH) and 9.1 miles from Downtown Houston. The seller is open to subdividing the land into two parcels: a 3.8-acre northeast section and a 7.9-acre southwest section. Importantly, the property is outside city limits, not located in a flood zone, and is currently unzoned, offering significant flexibility for future development. The asking price is $8,900,000. A unique aspect of this sale includes a seller requirement of a six-month leaseback on the 7.9-acre southwest parcel. Access to the property requires accompaniment and signing of a liability waiver due to ongoing operations on-site. Serious inquiries only.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Construction
METAL FRAME
Total area
4,088 SF
Lot
11.32 ac (493,195 SF)
APN
440280000091
UPID
US83-3949764
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
-
Texas Crown & Millwork Construction Company General Contractor
-
CNT Contractors Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Clemente Felipe · 23 yrs held
Clemente Felipe
since 2003
2 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
—
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
$39,920
Tax year 2023
Assessed value
$2,382,971
Assessed 2024
Previous assessed
$2,382,971
+0.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$1,992,870
Assessed improvement
$390,101
Land market value
$1,992,870
Improvement market value
$390,101
Total market value
$2,382,971
Applied tax rate
1.0000
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
For Sale
Year built
2003
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Rooms
7
Bathrooms
2
Total area
4,088 SF
Lot
11.32 ac (493,195 SF)
APN
440280000091
UPID
US83-3949764
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
2003
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
7
Bathrooms
2
Lot
11.32 ac
Current owner
From public records · entity-resolved
Clemente Felipe
Individual
Mailing address
3806 HOLDER FRST DR, HOUSTON, TX 77088-7436
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2003
—
Clemente Felipe
Rivera,candido R & Laura P
Grant Deed
$350,000 · Choice Bank INC
Dec 18, 2000
—
Candido Rivera
Truelock,maggie P
Grant Deed
$200,700 · Broad Street Mortgage Corp
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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