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Property profile & analytics
OFF-MARKET
Estimated value
$4,780,000
Refrigerated & Cold Storage
4132 Airline Dr Houston, TX 77022-4116
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US82-5309571
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
2011
Construction
STEEL FRAME
Total area
81,577 SF
Lot
2.8 ac (122,129 SF)
APN
1319210010001
UPID
US82-5309571
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
-
Latin Specialties, LLC. Food Market Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.78M
Blend (final)
Blend
$4.78M
Owner & transaction history
Vqz Investments LLC · 15 yrs held
Vqz Investments LLC
since 2011
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.0M
+48.8%
Apartment house (5+ units)
$6.1M
+28.5%
Office building
$6.0M
+27.7%
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
$4,710,000
Current use
RETAIL STORES
$7,005,000
Change: +49% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$6,050,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$6,010,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$5,205,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$4.78M
Range $4.30M – $5.26M · ±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
$59 / 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
$150,708
Tax year 2023
Assessed value
$7,745,455
Assessed 2024
Previous assessed
$7,745,455
+0.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$1,587,677
Assessed improvement
$6,157,778
Land market value
$1,587,677
Improvement market value
$6,157,778
Total market value
$7,745,455
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
2011
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
81,577 SF
Lot
2.8 ac (122,129 SF)
APN
1319210010001
UPID
US82-5309571
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
$4.7M
RETAIL STORES
Est. value
$7.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.1M
OFFICE BUILDING
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$5.2M
WAREHOUSE, STORAGE Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2011
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
2.8 ac
Current owner
From public records · entity-resolved
Vqz Investments LLC
Entity
Mailing address
4132 AIRLINE DR, HOUSTON, TX 77022-4116
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2025
—
Vqz Investments LLC
—
Deed
related
$4,600,000 · Central Bank
Sep 12, 2012
—
Vqz Investments LLC
—
Deed Of Trust
related
$2,598,000 · Bbva Compass Bank
Jan 11, 2011
—
Vqz Investments LLC
Vqz Investment Partners LP
Quit Claim Deed
related
$3,965,000 · Compass Bank
May 1, 2009
—
Vqz Investment Partners
Garcia,elias & Aida G
Warranty Deed
related
—
Aug 26, 2005
—
Elias Garcia
Luna,gilbert JR
Warranty Deed
related
—
Jan 16, 2004
—
Gilbert Luna
Alanis,roberto & Carlos
Grant Deed
$74,950 · Roberto & Carlos Alanis
Mar 6, 2002
—
Roberto Alanis
Alanis,roberto
Quit Claim Deed
related
$14,400 · Victor Collins
—
—
Vqz Investments LLC
—
Deed Of Trust
related
$485,000 · Compass Bank
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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