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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Grocery and convenience stores
3603 Greenhouse Rd Houston, TX 77084-5501
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-8531614
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
2020
Construction
STEEL FRAME
Total area
7,438 SF
Lot
1.11 ac (48,500 SF)
APN
1156300130014
UPID
US82-8531614
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
-
ATM (ATM Link, Inc.) Atm
-
Don Juan Tacos y Mas (Food Truck) Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$599k
Blend (final)
Blend
$535k
Owner & transaction history
Greenhouse Plaza LLC · 6 yrs held
Greenhouse Plaza LLC
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$765,000
+42.2%
Medical building
$610,000
+13.8%
Commercial (general)
$585,000
+9.2%
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
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$540,000
Current use
RESTAURANT
$765,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$610,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$585,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$570,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$72 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$32,405
Tax year 2022
Assessed value
$1,728,954
Assessed 2024
Previous assessed
$1,846,995
-6.4% YoY
Effective rate
1.87%
On assessed value
Assessed land
$291,000
Assessed improvement
$1,437,954
Land market value
$291,000
Improvement market value
$1,437,954
Total market value
$1,728,954
Applied tax rate
19.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
2020
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Total area
7,438 SF
Lot
1.11 ac (48,500 SF)
APN
1156300130014
UPID
US82-8531614
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
SERVICE STATION (FULL SERVICE) Current
Est. value
$540,000
RESTAURANT
Est. value
$765,000
MEDICAL BUILDING
Est. value
$610,000
COMMERCIAL (GENERAL)
Est. value
$585,000
AUTO REPAIR, GARAGE
Est. value
$570,000
SERVICE STATION (FULL SERVICE) Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2020
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Lot
1.11 ac
Current owner
From public records · entity-resolved
Greenhouse Plaza LLC
Entity
Mailing address
12711 SUMMERWOOD GLN, HOUSTON, TX 77041-7270
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2019
—
Greenhouse Plaza LLC
Jong U Choe
Warranty Deed
$1,406,000 · American First Nat'l Bk
Jan 21, 2016
—
Jong U Choe
Greenhouse Property Invs LLC
Warranty Deed
related
—
Dec 27, 2006
—
Greenhouse Property Invs LLC
Moody Simmons Partners Ltd
Grant Deed
related
—
—
—
Greenhouse Plaza LLC
—
Deed Of Trust
related
$200,000 · Susser Petroleum Operating Co
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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