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Property profile & analytics
OFF-MARKET
Turn key restaurants
2427 Cypress Crk Pkwy Houston, TX 77068-3703
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4356714
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1979
Construction
BRICK
Total area
3,054 SF
Lot
0.95 ac (41,382 SF)
APN
421160000008
UPID
US82-4356714
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
-
Krab Queenz Restaurant
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
Bellaire Wilcrest Elevia INC · 7 yrs held
Bellaire Wilcrest Elevia INC
since 2018
7 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 2022Property tax & assessments
Tax year 2022
Tax billed
$7,251
Tax year 2022
Assessed value
$988,230
Assessed 2024
Previous assessed
$945,080
+4.6% YoY
Effective rate
0.73%
On assessed value
Assessed land
$620,730
Assessed improvement
$367,500
Land market value
$620,730
Improvement market value
$367,500
Total market value
$988,230
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1979
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
3,054 SF
Lot
0.95 ac (41,382 SF)
APN
421160000008
UPID
US82-4356714
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
1979
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
0.95 ac
Current owner
From public records · entity-resolved
Bellaire Wilcrest Elevia INC
Entity
Mailing address
11900 BELLAIRE BLVD, HOUSTON, TX 77072-2304
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
33 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2018
—
Bellaire Wilcrest Elevia INC
Logan,james P JR & Kim S
Warranty Deed
related
—
Aug 27, 2012
—
James P Logan JR.
—
Trustees Deed
related
$250,000 · Trustmark Nat'l Bk
Jul 9, 2010
—
James P Logan JR.
—
Trustees Deed
related
$150,000 · Trustmark National Bank
Jul 7, 2010
—
James P Logan JR.
—
Trustees Deed
related
$100,000 · Logan Farms Westheimer LLC
Jun 29, 2009
—
James P Logan JR.
—
Trustees Deed
related
$200,000 · Trustmark Nat'l Bk
Sep 1, 2006
—
James P Logan JR.
—
Trustees Deed
related
$100,000 · Republic National Bank Miami
Nov 17, 2005
—
James P Logan JR
Commercial Associates LLC
Special Warranty Deed
$580,000 · Republic National Bank
Sep 23, 1999
—
Commercial Associates LLC
Kazaleh,jimmie E & Suad A
Grant Deed
related
—
Jul 1, 1999
—
Jimmie E Kazaleh
Wendy's International INC
Grant Deed
$248,000 · Citizens National Bank Texas
—
—
James P Logan JR.
—
Loan Modification
related
$250,000 · Trustmark Nat'l Bk
—
—
James P Logan JR
—
Deed Of Trust
related
$800,000 · Compass Bk
—
—
James P Logan JR.
—
Deed Of Trust
related
$325,000 · Republic National Bank Miami
—
—
James P Logan JR.
—
Deed Of Trust
related
$200,000 · Trustmark National Bank
—
—
Logan,james P JR|logan Farms 1960 LLC
—
Loan Modification
related
$100,000 · Trustmark Nat'l Bk
—
—
James P Logan JR.
—
Deed Of Trust
related
$200,000 · Trustmark National Bank
—
—
James P Logan JR.
—
Deed Of Trust
related
$533,805 · Trustmark National Bank
—
—
James P Logan JR.
—
Deed Of Trust
related
$200,000 · Trustmark National Bank
—
—
James P Logan JR.
—
Loan Modification
related
$200,000 · Trustmark National Bank
—
—
James P Logan JR.
—
Loan Modification
related
$225,000 · Trustmark National Bank
—
—
James P Logan JR.
—
Loan Modification
related
$250,000 · Trustmark National Bank
—
—
James P Logan JR.
—
Deed Of Trust
related
$522,005 · Trustmark National Bank
—
—
James P Logan JR.
—
Deed Of Trust
related
$200,000 · Trustmark National Bank
—
—
Logan,james P JR|logan Farms Westheimer LLC
—
Loan Modification
related
$400,000 · Trustmark Nat'l Bk
—
—
James P Logan JR.
—
Deed Of Trust
related
$780,000 · Trustmark National Bank
—
—
James P Logan JR.
—
Deed Of Trust
related
$548,384 · Trustmark National Bank
—
—
Logan,james P JR
—
Loan Modification
related
$250,000 · Trustmark Nat'l Bk
—
—
James P Logan JR.
—
Deed Of Trust
related
$125,000 · Trustmark National Bank
—
—
James P Logan JR.
—
Deed Of Trust
related
$350,000 · Trustmark National Bank
—
—
James P Logan JR.
—
Deed Of Trust
related
$511,699 · Trustmark National Bank
—
—
Logan,james P JR
—
Loan Modification
related
$150,000 · Trustmark Nat'l Bk
—
—
James P Logan JR.
—
Deed Of Trust
related
$262,000 · Trustmark National Bank
—
—
James P Logan JR.
—
Deed Of Trust
related
$262,000 · Trustmark National Bank
—
—
James P Logan JR.
—
Deed Of Trust
related
$175,000 · Trustmark National Bank
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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