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Property profile & analytics
OFF-MARKET
Estimated value
$15,215,000
Distribution centers
2720 Park S Vw Houston, TX 77051
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2676754
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2007
Construction
STEEL & CONCRETE
Total area
141,806 SF
Lot
17.47 ac (761,080 SF)
APN
1288580010002
UPID
US82-2676754
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
$16.06M
Comparable Approach
Comparable
$14.37M
Blend (final)
Blend
$15.22M
Owner & transaction history
Np Park 288 LLC · 9 yrs held
Np Park 288 LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$20.6M
+104.0%
Restaurant
$19.6M
+94.6%
Auto repair, garage
$13.2M
+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%
$17,395,000
6.5%
$16,060,000
7%
$14,910,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,075,000
Current use
RETAIL STORES
$20,550,000
Change: +104% · Conversion: Moderate
RESTAURANT
$19,605,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,235,000
Change: +31% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$12,410,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$9,865,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$15.22M
Range $13.69M – $16.74M · ±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
$602,365
Tax year 2023
Assessed value
$29,903,342
Assessed 2024
Previous assessed
$29,903,342
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$3,805,400
Assessed improvement
$26,097,942
Land market value
$3,805,400
Improvement market value
$26,097,942
Total market value
$29,903,342
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
2007
Construction
STEEL & CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Total area
141,806 SF
Lot
17.47 ac (761,080 SF)
APN
1288580010002
UPID
US82-2676754
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
$10.1M
RETAIL STORES
Est. value
$20.6M
RESTAURANT
Est. value
$19.6M
AUTO REPAIR, GARAGE
Est. value
$13.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.4M
OFFICE BUILDING
Est. value
$9.9M
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
2007
Construction
STEEL & CONCRETE
Heating
FORCED AIR
Cooling
Yes
Buildings
3
Lot
17.47 ac
Current owner
From public records · entity-resolved
Np Park 288 LLC
Entity
Free & Clear · 9 yrs held
Mailing address
WORLD TRADE CTR E, BOSTON, MA 02210
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
Jan 27, 2017
—
Np Park 288 LLC
Park 288 Industrial LLC
Quit Claim Deed
related
—
Oct 8, 2009
—
Park 288 Industrial LLC
—
Trustees Deed
related
—
—
—
Park 288 Industrial LLC
—
Deed Of Trust
related
$14,027,477 · Cadence Bank
—
—
Park 288 Industrial LLC
—
Deed Of Trust
related
—
—
—
Park 288 Industrial LLC
—
Deed Of Trust
related
—
—
—
Park 288 Industrial LLC
—
Deed Of Trust
related
—
—
—
Park 288 Industrial LLC
—
Loan Modification
related
$15,000,000 · Cadence Bk
—
—
Park 288 Industrial LLC
—
Deed Of Trust
related
—
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?”
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