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Property profile & analytics
OFF-MARKET
Estimated value
$2,570,000
Distribution centers
401 Crosstimbers St Houston, TX 77018-5518
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2242313
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1979
Construction
STEEL FRAME
Total area
180,867 SF
Lot
8 ac (348,336 SF)
APN
1086970000003
UPID
US82-2242313
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
-
Tony street Tacos Restaurant
-
Pitstop Express #5 Gas Station
-
Lebco Industries Furniture & Home Goods Home Decor Store
-
Tacos La Patrona (Food Truck) Restaurant
-
Amazon Locker - Panoptes Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.57M
Owner & transaction history
Iron Owner LLC · 7 yrs held
Iron Owner LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$14 / 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
$165,178
Tax year 2023
Assessed value
$8,460,699
Assessed 2024
Previous assessed
$8,460,699
+0.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$3,483,360
Assessed improvement
$4,977,339
Land market value
$3,483,360
Improvement market value
$4,977,339
Total market value
$8,460,699
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
1979
Construction
STEEL FRAME
Heating
RADIANT
Cooling
NONE
Buildings
1
Stories
1
Total area
180,867 SF
Lot
8 ac (348,336 SF)
APN
1086970000003
UPID
US82-2242313
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
Building & site characteristics
From public records
Year built
1979
Construction
STEEL FRAME
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
1
Lot
8 ac
Current owner
From public records · entity-resolved
Iron Owner LLC
Entity
Mailing address
5710 LYNDON B JOHNSON FWY STE #180, DALLAS, TX 75240-6571
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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 27, 2021
—
Tx 401 421 West Crosstimbers De LLC
—
Deed
related
—
Mar 5, 2020
—
Iron Owner LLC
—
Deed
related
$589,300,000 · Jp Morgan Chase Bk
Aug 31, 2018
—
Iron Owner LLC
Ch Realty Vim Texas Indl Port
Grant Deed
related
—
May 4, 2015
—
Ch Realty Vii Of I Texas Indl Po
Crosstimbers Ab Mayfield LLC
Grant Deed
related
—
Mar 12, 2013
—
Crosstimbers Ab Mayfield LLC
Holdings Ee LP Crp-2
Trustees Deed
$45,000,000 · Capitalsource Bk
Nov 21, 2007
—
Crp-2 Holdings Ee
—
Deed Of Trust
related
$105,924,000 · Prudential Insurance Co
Aug 21, 2007
—
Sealy Ta Texas Exchange LLC
Sealy Ta Texas
Quit Claim Deed
related
—
Mar 31, 1997
—
Rainier Texas Properties LP
Jmb/warehouse Associates LP
Grant Deed
related
—
—
—
Ch Realty Vii Of I Texas Indl Po
—
Deed Of Trust
related
$90,500,000 · Miscellaneous Ins Co
—
—
Iron Owner LLC
—
Deed Of Trust
related
$589,300,000 · Jp Morgan Chase 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.
Try Rey
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