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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Warehouses
418 Clifton St, Houston, TX 77011-4312
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0230012
Property summary
AI-generated overview
This exceptional 26,476-square-foot freestanding industrial building, situated on 1.49 acres, presents a unique leasing opportunity. The single-story structure boasts a recently renovated metal construction, featuring 16' to 21' clear ceiling heights, ideal for various manufacturing operations. The property includes three grade-level loading docks, enhancing operational efficiency. Heavy lifting is facilitated by one 20-ton and one 5-ton bridge crane. Power is provided by 3-phase, 480v, approximately 600 amp service. Approximately 1,000 square feet of HVAC-equipped lab space is also available. The property benefits from a new roof (2021) and is located outside the floodplain. An additional benefit is the approximately 0.83-acre fully fenced and gated yard, with natural gas available on-site. Potential for additional yard space exists. This property is situated in a rapidly developing area with convenient access to Harrisburg Boulevard and is designated as a Qualified Opportunity Zone (QOZ). Estimated monthly operating expenses are $0.30 per square foot ($8,046 per month). The property is available for occupancy in November 2024.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Construction
METAL FRAME
Total area
10,170 SF
Lot
0.7 ac (30,627 SF)
APN
380530000008
UPID
US82-0230012
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
-
Enchanted Rock Shop Energy Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$892k
Blend (final)
Blend
$865k
Owner & transaction history
Harrisburg Investments LLC · 21 yrs held
Harrisburg Investments LLC
since 2005
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+127.9%
Apartment house (5+ units)
$1.1M
+78.1%
Retail stores
$900,000
+49.9%
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 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
$555,000
CAP Approach
CAP Return
Estimation
6%
$1,250,000
6.5%
$1,150,000
7%
$1,070,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$600,000
Current use
RESTAURANT
$1,370,000
Change: +128% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,070,000
Change: +78% · Conversion: Difficult
RETAIL STORES
$900,000
Change: +50% · Conversion: Moderate
OFFICE BUILDING
$705,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$650,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$85 / 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
$44,989
Tax year 2023
Assessed value
$2,961,427
Assessed 2024
Previous assessed
$2,961,427
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$1,592,500
Assessed improvement
$1,368,927
Land market value
$1,592,500
Improvement market value
$1,368,927
Total market value
$2,961,427
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
1982
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
5
Stories
1
Total area
10,170 SF
Lot
0.7 ac (30,627 SF)
APN
380530000008
UPID
US82-0230012
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
$600,000
RESTAURANT
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
RETAIL STORES
Est. value
$900,000
OFFICE BUILDING
Est. value
$705,000
MEDICAL BUILDING
Est. value
$650,000
WAREHOUSE, STORAGE Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1982
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Lot
0.7 ac
Current owner
From public records · entity-resolved
Harrisburg Investments LLC
Entity
Mailing address
15200 NN FWYI45, HOUSTON, TX 77090-6306
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
May 5, 2005
—
Harrisburg Investments LLC
Quesco Turbomachinery Services
Venders Lien
$420,000 · Wells Fargo Bank NA
Dec 28, 1998
—
Quesco Turbomachiney Svcs
Mody,neil H
Grant Deed
$195,000 · Banco Tejano
—
—
Quesco Turbomachinery Services
—
Deed Of Trust
related
$150,000 · Riechmann Transport INC
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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