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Property profile & analytics
OFF-MARKET
Estimated value
$8,040,000
Warehouses
2303 Ww S Loop 728 Houston, TX 77027-4201
Entity Owned
5-yr Hold
Free & Clear
Property ID
US82-2287824
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Construction
STEEL FRAME
Total area
102,270 SF
Lot
1.52 ac (66,329 SF)
APN
1177300010001
UPID
US82-2287824
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
$7.72M
Blend (final)
Blend
$8.04M
Owner & transaction history
Ps Lpt Properties Investors · 5 yrs held
Ps Lpt Properties Investors
since 2020
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.3M
+106.5%
Retail stores
$10.1M
+102.1%
Auto repair, garage
$9.5M
+90.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,005,000
Current use
RESTAURANT
$10,340,000
Change: +106% · Conversion: Difficult
RETAIL STORES
$10,120,000
Change: +102% · Conversion: Moderate
AUTO REPAIR, GARAGE
$9,545,000
Change: +91% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,720,000
Change: +54% · Conversion: Difficult
MEDICAL BUILDING
$6,525,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$5,485,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$8.04M
Range $7.24M – $8.84M · ±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
$79 / 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
$361,860
Tax year 2023
Assessed value
$18,387,739
Assessed 2024
Previous assessed
$18,387,739
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$8,291,125
Assessed improvement
$10,096,614
Land market value
$8,291,125
Improvement market value
$10,096,614
Total market value
$18,387,739
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
102,270 SF
Lot
1.52 ac (66,329 SF)
APN
1177300010001
UPID
US82-2287824
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
$5.0M
RESTAURANT
Est. value
$10.3M
RETAIL STORES
Est. value
$10.1M
AUTO REPAIR, GARAGE
Est. value
$9.5M
COMMERCIAL (GENERAL)
Est. value
$7.7M
MEDICAL BUILDING
Est. value
$6.5M
OFFICE BUILDING
Est. value
$5.5M
WAREHOUSE, STORAGE Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
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
2000
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
1.52 ac
Current owner
From public records · entity-resolved
Ps Lpt Properties Investors
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 25025, GLENDALE, CA 91221-5025
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2020
—
Ps Lpt Properties Investors
Ps Lpt Properties Investors
Quit Claim Deed
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.
Try Rey
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