Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$19,670,000
Distribution centers
2304 Reed Rd Houston, TX 77051-2211
Entity Owned
Absentee Owner
Free & Clear
Property ID
US82-5131544
Property summary
AI-generated overview
This exceptional Class A industrial property, Lonestar Logistics Park, offers 37,387 square feet of immediately available warehouse space for lease. Located at 2304 Reed Rd, Houston, TX 77051, in Harris County, this prime location provides easy access to major transportation arteries. The property comprises four buildings totaling 790,966 square feet and features a single, large suite currently available. The warehouse boasts a 30-foot ceiling height, providing ample vertical storage capacity. With 14 dock-high doors, efficient loading and unloading operations are ensured. The property is classified as both Retail and Industrial, and is suitable for a variety of uses. The available space is part of a multi-tenant building, offering flexibility and potential for collaboration. This is a rare opportunity to secure high-quality warehouse space in a thriving Houston market. The property's Class A designation reflects its superior construction, modern amenities, and strategic location. Don't miss this chance to establish your business in this exceptional industrial park. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2023
Construction
METAL FRAME
Total area
183,349 SF
Lot
52.18 ac (2,273,122 SF)
APN
1453360010001
UPID
US82-5131544
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
-
Dup's Inc Building Supply
-
We Store Frozen Warehouse & Storage
-
Imperial Dade Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.76M
Comparable Approach
Comparable
$18.58M
Blend (final)
Blend
$19.67M
Owner & transaction history
REED ROAD LOGISTICS LLC
REED ROAD LOGISTICS LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$26.6M
+104.0%
Restaurant
$25.4M
+94.6%
Auto repair, garage
$17.1M
+31.4%
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%
$22,490,000
6.5%
$20,760,000
7%
$19,280,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,025,000
Current use
RETAIL STORES
$26,570,000
Change: +104% · Conversion: Moderate
RESTAURANT
$25,350,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,110,000
Change: +31% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$16,045,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$12,755,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$19.67M
Range $17.70M – $21.64M · ±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
$107 / 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
$377,828
Tax year 2023
Assessed value
$68,952,961
Assessed 2024
Previous assessed
$68,952,961
+0.0% YoY
Effective rate
0.55%
On assessed value
Assessed land
$10,229,049
Assessed improvement
$58,723,912
Land market value
$10,229,049
Improvement market value
$58,723,912
Total market value
$68,952,961
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
2023
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
4
Total area
183,349 SF
Lot
52.18 ac (2,273,122 SF)
APN
1453360010001
UPID
US82-5131544
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
$13.0M
RETAIL STORES
Est. value
$26.6M
RESTAURANT
Est. value
$25.4M
AUTO REPAIR, GARAGE
Est. value
$17.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.0M
OFFICE BUILDING
Est. value
$12.8M
WAREHOUSE, STORAGE Current
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2023
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Buildings
4
Lot
52.18 ac
Current owner
From public records · entity-resolved
REED ROAD LOGISTICS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
609 MAIN ST STE #2400, HOUSTON, TX 77002-3271
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2304 Reed Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
