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Property profile & analytics
OFF-MARKET
Estimated value
$6,960,000
Warehouses
3400 Bayport Blvd 673 Seabrook, TX 77586-1571
Entity Owned
Absentee Owner
Free & Clear
Property ID
US82-5028043
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Construction
METAL FRAME
Total area
90,486 SF
Lot
3.94 ac (171,409 SF)
APN
1408870010001
UPID
US82-5028043
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
$5.60M
Blend (final)
Blend
$6.96M
Owner & transaction history
SOVRAN ACQUISITION
SOVRAN ACQUISITION
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.9M
+94.7%
Restaurant
$8.8M
+58.4%
Auto repair, garage
$8.2M
+46.9%
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 Seabrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seabrook 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
$5,575,000
Current use
COMMERCIAL (GENERAL)
$10,850,000
Change: +95% · Conversion: Difficult
RESTAURANT
$8,830,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,185,000
Change: +47% · Conversion: Easy
RETAIL STORES
$6,135,000
Change: +10% · Conversion: Moderate
MEDICAL BUILDING
$5,960,000
Change: +7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,580,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$6.96M
Range $6.26M – $7.66M · ±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
$77 / 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
$84,748
Tax year 2023
Assessed value
$8,949,114
Assessed 2024
Previous assessed
$8,949,114
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,371,272
Assessed improvement
$7,577,842
Land market value
$1,371,272
Improvement market value
$7,577,842
Total market value
$8,949,114
Applied tax rate
27.0000
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
2019
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Total area
90,486 SF
Lot
3.94 ac (171,409 SF)
APN
1408870010001
UPID
US82-5028043
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
$5.6M
COMMERCIAL (GENERAL)
Est. value
$10.9M
RESTAURANT
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$8.2M
RETAIL STORES
Est. value
$6.1M
MEDICAL BUILDING
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.6M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2019
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
3
Lot
3.94 ac
Current owner
From public records · entity-resolved
SOVRAN ACQUISITION
Individual
Free & Clear · 0 yrs held
Mailing address
6890 S 2300TH ST E #227, SALT LAKE CITY, UT 84171-6001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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