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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Warehouses
2437 Albright Dr Houston, TX 77017-7310
Trust Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4407113
Property summary
AI-generated overview
This ±20,083 square foot single-tenant industrial space in Houston, TX, is perfect for distribution and warehouse needs. Located at 2437 Albright Dr, 77017, this property boasts a 4.75-acre lot, a 16-foot clear height ceiling (13-foot eave), and three drive-in doors. Built in 1975, the building features a clear-span warehouse, new office, breakroom, and bathroom. Improvements include an insulated warehouse ceiling, five wall-mounted ventilation fans, and compressed air. The property also includes a ±11,720 square foot lay-down yard, with an additional ±2 acres potentially available. The strategic location offers easy access to major transportation hubs: 4.5 miles from Hobby Airport, 11 miles from Downtown Houston, 17 miles from Barbours Cut Terminal, 18 miles from Bayport Container Terminal, and 29 miles from George Bush IAH. This property offers heavy 3-phase power and five grade-level doors. This is a rare opportunity to lease a well-maintained, strategically located industrial space.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Construction
METAL FRAME
Total area
20,400 SF
Lot
4.75 ac (206,984 SF)
APN
341930000031
UPID
US82-4407113
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
$1.40M
Blend (final)
Blend
$1.44M
Owner & transaction history
Baker,martin Family Trust · 7 yrs held
Baker,martin Family Trust
since 2018
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+124.3%
Restaurant
$2.0M
+119.1%
Retail stores
$1.5M
+63.0%
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
$925,000
Current use
AUTO REPAIR, GARAGE
$2,075,000
Change: +124% · Conversion: Easy
RESTAURANT
$2,025,000
Change: +119% · Conversion: Difficult
RETAIL STORES
$1,505,000
Change: +63% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,360,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$1,300,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$945,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±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
$70 / 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
$41,892
Tax year 2023
Assessed value
$3,662,240
Assessed 2024
Previous assessed
$3,662,240
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,241,904
Assessed improvement
$2,420,336
Land market value
$1,241,904
Improvement market value
$2,420,336
Total market value
$3,662,240
Applied tax rate
21.0000
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
Off-Market
Year built
1975
Construction
METAL FRAME
Heating
RADIANT
Cooling
NONE
Buildings
2
Stories
1
Total area
20,400 SF
Lot
4.75 ac (206,984 SF)
APN
341930000031
UPID
US82-4407113
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
$925,000
AUTO REPAIR, GARAGE
Est. value
$2.1M
RESTAURANT
Est. value
$2.0M
RETAIL STORES
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$945,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1975
Construction
METAL FRAME
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
2
Lot
4.75 ac
Current owner
From public records · entity-resolved
Baker,martin Family Trust
Trust
Mailing address
550 W 135TH ST, GARDENA, CA 90248-1506
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2018
—
Baker,martin Family Trust
Plt Holdings LLC
Warranty Deed
$1,100,000 · Wells Fargo 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.
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