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Property profile & analytics
OFF-MARKET
Estimated value
$2,800,000
Warehouses
3250 Telephone Rd Houston, TX 77023-5317
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-5392187
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
METAL FRAME
Total area
46,656 SF
Lot
5.57 ac (242,490 SF)
APN
410070350074
UPID
US82-5392187
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
-
MetroLift Parking Lot & Garage
-
First Transit Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.33M
Blend (final)
Blend
$2.80M
Owner & transaction history
3250 Telephone Road LLC · 20 yrs held
3250 Telephone Road LLC
since 2005
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.6M
+82.4%
Restaurant
$4.4M
+73.8%
Apartment house (5+ units)
$3.8M
+48.8%
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
$2,545,000
Current use
OFFICE BUILDING
$4,645,000
Change: +82% · Conversion: Difficult
RESTAURANT
$4,425,000
Change: +74% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,790,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$3,650,000
Change: +43% · Conversion: Moderate
MEDICAL BUILDING
$2,980,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$2.80M
Range $2.52M – $3.08M · ±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
$60 / 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
$74,450
Tax year 2023
Assessed value
$3,610,523
Assessed 2024
Previous assessed
$3,610,523
+0.0% YoY
Effective rate
2.06%
On assessed value
Assessed land
$969,960
Assessed improvement
$2,640,563
Land market value
$969,960
Improvement market value
$2,640,563
Total market value
$3,610,523
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Construction
METAL FRAME
Heating
RADIANT
Cooling
NONE
Buildings
1
Stories
2
Total area
46,656 SF
Lot
5.57 ac (242,490 SF)
APN
410070350074
UPID
US82-5392187
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
$2.5M
OFFICE BUILDING
Est. value
$4.6M
RESTAURANT
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
RETAIL STORES
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.0M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1977
Construction
METAL FRAME
Heating
RADIANT
Cooling
Yes
Stories
2
Buildings
1
Lot
5.57 ac
Current owner
From public records · entity-resolved
3250 Telephone Road LLC
Entity
Mailing address
3510 TELEPHONE RD, HOUSTON, TX 77023-5406
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2023
—
Sai Jalaram INC
—
Deed
related
$2,515,500 · East West Bank
Aug 6, 2018
—
Sai Jalaram INC
—
Deed
related
$1,100,000 · East West Bk
Dec 12, 2016
—
Sai Jalaram INC
—
Deed
related
$2,200,000 · East West Bk
Aug 23, 2005
—
3250 Telephone Road LLC
Rush Truck Leasing INC
Venders Lien
$1,280,000 · Republic National Bank
—
—
3250 Telephone Road LLC
—
Loan Modification
related
$1,093,204 · Trustmark Nat'l Bk
—
—
3250 Telephone Road LLC
—
Loan Modification, Consolidation And Extension
related
$1,070,624 · Trustmark Nat'l Bk
—
—
3250 Telephone Road LLC
—
Loan Modification, Consolidation And Extension
related
$1,080,306 · Trustmark Nat'l Bk
—
—
3250 Telephone Road LLC
—
Deed Of Trust
related
$1,061,263 · Trustmark National Bank
—
—
Sai Jalaram INC
—
Deed Of Trust
related
$2,200,000 · East West Bk
—
—
Sai Jalaram INC
—
Deed Of Trust
related
$1,100,000 · East West 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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