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Property profile & analytics
FOR LEASE
Refrigerated & Cold Storage
2701 Porter St Houston, TX 77026
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-0212225
For Lease
1 / 2
$1,270,000
2701 Porter St, Houston, TX 77026
View Listing →
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1955
Construction
CONCRETE BLOCKS
Total area
19,492 SF
Lot
2.05 ac (89,346 SF)
APN
291780140002
UPID
US82-0212225
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
-
Houston South Mill Distribution Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.27M
Owner & transaction history
Kaolin Re Holdings Corp · 9 yrs held
Kaolin Re Holdings Corp
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+14.2%
Medical building
$1.2M
+4.8%
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
$1,185,000
Current use
OFFICE BUILDING
$1,355,000
Change: +14% · Conversion: Difficult
MEDICAL BUILDING
$1,245,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±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
$65 / 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
$34,566
Tax year 2023
Assessed value
$1,805,847
Assessed 2024
Previous assessed
$1,805,847
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$402,057
Assessed improvement
$1,403,790
Land market value
$402,057
Improvement market value
$1,403,790
Total market value
$1,805,847
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
For Lease
Year built
1955
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
19,492 SF
Lot
2.05 ac (89,346 SF)
APN
291780140002
UPID
US82-0212225
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
$1.2M
OFFICE BUILDING
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL 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
1955
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
2.05 ac
Current owner
From public records · entity-resolved
Kaolin Re Holdings Corp
Entity
Free & Clear · 9 yrs held
Mailing address
649 WS ST, KENNETT SQUARE, PA 19348-3417
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2025
—
Rivergate Properties LLC
—
Deed
related
—
Oct 4, 2022
—
Kaolin Re Holdings Corporation
—
Deed
related
$360,000,000 · Cooperatieve Rabobank Ua New York Branch
Nov 1, 2019
—
Kaolin Re Holdings Corp
—
Grant Deed
related
$175,000,000 · Cooperatieve Rabobank Ua Ny Br
May 15, 2017
—
Kaolin Re Holdings Corp
Porter R/e Holdings LLC
Grant Deed
related
—
Mar 4, 2011
—
Angelo Hinojosa
Wiggins Wholesale INC
Warranty Deed
related
—
Jul 27, 2009
$300,000
Wiggins Wholesale INC
Lindsey James D
Trustees Deed
—
Jun 18, 2009
—
Speedy Homes LLC
Constable Of Harris County
Trustees Deed
related
—
Apr 20, 1998
—
Central Tx Melon Distributors
Barvin,linda H
Grant Deed
$175,000 · First State 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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