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Property profile & analytics
OFF-MARKET
Warehouses
24620 Franz Rd Katy, TX 77493-5800
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US82-6561708
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2001
Construction
CONCRETE BLOCKS
Total area
2,178 SF
Lot
3 ac (130,728 SF)
APN
431170000023
UPID
US82-6561708
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
-
Faith West Baseball Field Sports Field & Court Sports School
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Magurme Vehicle Towings Auto Parts Store Discount Store
-
iStorage Storage Facility
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
Lucky 7 Equity LLC · 11 yrs held
Lucky 7 Equity LLC
since 2014
6 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 Katy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Katy 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 2023Property tax & assessments
Tax year 2023
Tax billed
$77,763
Tax year 2023
Assessed value
$4,342,833
Assessed 2024
Previous assessed
$4,342,833
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$555,876
Assessed improvement
$3,786,957
Land market value
$555,876
Improvement market value
$3,786,957
Total market value
$4,342,833
Applied tax rate
19.0000
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
2001
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
1
Total area
2,178 SF
Lot
3 ac (130,728 SF)
APN
431170000023
UPID
US82-6561708
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
2001
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Lot
3 ac
Current owner
From public records · entity-resolved
Lucky 7 Equity LLC
Entity
Mailing address
275 E PO BOX 320099TH WAY, ALEXANDRIA, VA 22320-4099
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2024
—
Nsa 110 V Jv Tx Po LLC
—
Deed
related
$210,000,000 · Prudential Insurance Of America
Jan 11, 2018
—
Lucky 7 Equity LLC
—
Deed
related
$86,000,000 · Bank Of America
Oct 7, 2014
—
Lucky 7 Equity LLC
Webster Storage LLC
Quit Claim Deed
related
$35,700,000 · Mc-five Mile Com'l Mtg Fin
Dec 27, 2010
—
Katy Storage LLC
Katy Super Storage LP
Quit Claim Deed
related
—
—
—
Katy Super Storage
—
Deed Of Trust
related
$1,495,000 · Countrywide Com'l R E Fin
—
—
Lucky 7 Equity LLC
—
Deed Of Trust
related
$86,000,000 · Bank Of America
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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