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Property profile & analytics
OFF-MARKET
Estimated value
$3,240,000
Distribution centers
2300 Quitman St Houston, TX 77026-6858
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-3708638
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1920
Construction
WOOD FRAME
Total area
196,919 SF
Lot
20.48 ac (891,943 SF)
APN
422000000001
UPID
US82-3708638
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
-
Houston Commodity Warehouse Warehouse & Storage
-
LTR Products Warehouse & Storage
-
Tents and Events of Texas Party Supply Store (Bike/Boat/Book/etc) Store
-
Parades Etc of Texas LLC Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.24M
Owner & transaction history
Hartman Spe LLC · 3 yrs held
Hartman Spe LLC
since 2023
3 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
$16 / 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
$113,799
Tax year 2023
Assessed value
$5,490,948
Assessed 2024
Previous assessed
$5,490,948
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$1,783,886
Assessed improvement
$3,707,062
Land market value
$1,783,886
Improvement market value
$3,707,062
Total market value
$5,490,948
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1920
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Buildings
9
Stories
1
Total area
196,919 SF
Lot
20.48 ac (891,943 SF)
APN
422000000001
UPID
US82-3708638
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
1920
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
9
Lot
20.48 ac
Current owner
From public records · entity-resolved
Hartman Spe LLC
Entity
Free & Clear · 3 yrs held
Mailing address
401 FRANKLIN ST STE #2555, HOUSTON, TX 77002-1581
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2023
—
Hartman Spe LLC
Hartman Xx Limited Partnership
Correction Deed
related
—
Oct 2, 2018
—
Hartman Spe LLC
Hartman Income Reit Operating
Quit Claim Deed
related
$259,000,000 · Goldman-sachs Mtg
—
—
Hartman Income Reit Operating
—
Deed Of Trust
related
$19,500,000 · East West 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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