Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,540,000
Refrigerated & Cold Storage
4802 Gulf Fwy Houston, TX 77023-4559
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US82-3747489
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1948
Construction
CONCRETE BLOCKS
Total area
78,345 SF
Lot
3.83 ac (166,682 SF)
APN
1186600010002
UPID
US82-3747489
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
-
Sunbelt Food Co Agricultural Supply Food Market
-
Mama La's Kitchen Food Processing Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.42M
Blend (final)
Blend
$4.54M
Owner & transaction history
Las Realty LLC · 8 yrs held
Las Realty LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.4M
+73.8%
Apartment house (5+ units)
$6.4M
+48.8%
Retail stores
$6.1M
+43.3%
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
$4,275,000
Current use
RESTAURANT
$7,430,000
Change: +74% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,365,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$6,125,000
Change: +43% · Conversion: Moderate
MEDICAL BUILDING
$5,000,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$4.54M
Range $4.09M – $4.99M · ±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
$58 / 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
$132,555
Tax year 2023
Assessed value
$6,850,824
Assessed 2024
Previous assessed
$6,850,824
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$833,420
Assessed improvement
$6,017,404
Land market value
$833,420
Improvement market value
$6,017,404
Total market value
$6,850,824
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
1948
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
78,345 SF
Lot
3.83 ac (166,682 SF)
APN
1186600010002
UPID
US82-3747489
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
$4.3M
RESTAURANT
Est. value
$7.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.4M
RETAIL STORES
Est. value
$6.1M
MEDICAL BUILDING
Est. value
$5.0M
WAREHOUSE, STORAGE Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1948
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Lot
3.83 ac
Current owner
From public records · entity-resolved
Las Realty LLC
Entity
Mailing address
4802 GULF FWY, HOUSTON, TX 77023-4559
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2017
—
Las Realty LLC
Mfc Food Service LLC
Grant Deed
$2,603,780 · Golden Bk
Dec 19, 2012
—
Sun Belt Commodities INC
—
Deed Of Trust
related
$1,750,000 · American First National Bank
Dec 27, 2011
—
Sun Belt Commodities INC
—
Deed Of Trust
related
$1,850,000 · American First National Bank
Jul 30, 2010
—
Sun Belt Commodities INC
—
Trustees Deed
related
$2,200,000 · American First National Bank
Aug 27, 2009
—
Sun Belt Commodities INC
—
Grant Deed
related
$2,073,823 · American First National Bank
Jun 10, 2009
—
Sun Belt Commodities INC
—
Trustees Deed
related
$2,200,000 · American First National Bank
May 30, 2008
—
Sun Belt Commodities INC
—
Trustees Deed
related
$2,200,000 · American First National Bank
Aug 9, 2004
—
Sun Belt Commodities INC
—
Trustees Deed
related
$2,800,000 · Cathay Bank
—
—
Sun Belt Commodities INC
—
Deed Of Trust
related
$2,200,000 · American First National Bank
—
—
Las Realty LLC
—
Deed Of Trust
related
$1,810,000 · North Tx Certified Dev
—
—
Sun Belt Commodities INC
—
Deed Of Trust
related
$3,280,000 · American First National Bank
—
—
Sun Belt Commodities INC
—
Deed Of Trust
related
$3,150,000 · Cathay Bank
—
—
Sun Belt Commodities INC
—
Deed Of Trust
related
$3,150,000 · East West Bank
—
—
Sun Belt Commodities INC
—
Deed Of Trust
related
$2,600,000 · Cathay Bank
—
—
Kim Son Realty LP
—
Deed Of Trust
related
$2,603,780 · Golden Bk
—
—
Las Reality LLC
—
Deed Of Trust
related
$2,603,780 · Golden Bk
—
—
Sun Belt Commodities INC
—
Deed Of Trust
related
$1,850,000 · American First National Bank
—
—
Sun Belt Commodities INC
—
Deed Of Trust
related
$1,250,000 · East West 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4802 Gulf Fwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
