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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Warehouses
3518 Creekmont Dr Houston, TX 77091-5408
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US83-3896405
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2016
Construction
METAL FRAME
Total area
7,200 SF
Lot
2 ac (87,120 SF)
APN
392180010022
UPID
US83-3896405
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
$405k
CAP Approach
CAP
$815k
Comparable Approach
Comparable
$584k
Blend (final)
Blend
$600k
Owner & transaction history
Peruna Acquisition LLC · 10 yrs held
Peruna Acquisition LLC
since 2015
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$875,000
+100.6%
Auto repair, garage
$770,000
+76.3%
Retail stores
$770,000
+76.2%
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
$405,000
CAP Approach
CAP Return
Estimation
6%
$885,000
6.5%
$815,000
7%
$755,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$435,000
Current use
RESTAURANT
$875,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$770,000
Change: +76% · Conversion: Easy
RETAIL STORES
$770,000
Change: +76% · Conversion: Moderate
OFFICE BUILDING
$500,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$460,000
Change: +5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$370,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$83 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$23,808
Tax year 2020
Assessed value
$1,275,984
Assessed 2024
Previous assessed
$1,358,015
-6.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$871,200
Assessed improvement
$404,784
Land market value
$871,200
Improvement market value
$404,784
Total market value
$1,275,984
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
2016
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
1
Total area
7,200 SF
Lot
2 ac (87,120 SF)
APN
392180010022
UPID
US83-3896405
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
$435,000
RESTAURANT
Est. value
$875,000
AUTO REPAIR, GARAGE
Est. value
$770,000
RETAIL STORES
Est. value
$770,000
OFFICE BUILDING
Est. value
$500,000
MEDICAL BUILDING
Est. value
$460,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$370,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
2016
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Buildings
1
Lot
2 ac
Current owner
From public records · entity-resolved
Peruna Acquisition LLC
Entity
Mailing address
PO BOX 118114, CARROLLTON, TX 75011-8114
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2015
—
Peruna Acquisition LLC
Seven Branches INC
Warranty Deed
$496,000 · Independent Bk
Mar 31, 2006
—
Seven Branches INC
Speer Industries
Grant Deed
$128,000 · Speer Industries
Oct 13, 2005
—
Industries Speer
Bimeler,dean L
Warranty Deed
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.
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