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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Warehouses
5600 Surrey Sq St Houston, TX 77017-5904
Individually Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-3302247
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Construction
METAL FRAME
Total area
29,380 SF
Lot
3.16 ac (137,471 SF)
APN
1043010000027
UPID
US83-3302247
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
-
Kennedy Wire Rope and Sling Company, Inc. Construction Equipment Supplier Equipment Supplier
-
Kennedy Wire Rope & Sling Co Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$795k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$942k
Blend (final)
Blend
$870k
Owner & transaction history
Skkag Ptshp Ltd · 11 yrs held
Skkag Ptshp Ltd
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+2.1%
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
$795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,330,000
Current use
OFFICE BUILDING
$1,360,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$30 / 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
$37,133
Tax year 2023
Assessed value
$1,660,423
Assessed 2024
Previous assessed
$1,660,423
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$468,020
Assessed improvement
$1,192,403
Land market value
$468,020
Improvement market value
$1,192,403
Total market value
$1,660,423
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
1994
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
1
Stories
1
Total area
29,380 SF
Lot
3.16 ac (137,471 SF)
APN
1043010000027
UPID
US83-3302247
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
$1.3M
OFFICE BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE Current
OFFICE 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
1994
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
3.16 ac
Current owner
From public records · entity-resolved
Skkag Ptshp Ltd
Individual
Free & Clear · 11 yrs held
Mailing address
302 TALL TIMBERS WAY, FRIENDSWOOD, TX 77546-7857
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2014
—
Skkag Ptshp Ltd
Manchester Sling Corp
Grant Deed
related
—
Jul 18, 2014
—
Manchester Sling Corp
—
Trustees Deed
related
$700,000 · Community Bk/tx
Jan 10, 2008
—
Manchester Sling Corp
Pfi Vacuum Forming INC
Grant Deed
$977,500 · Sterling Bank
Jun 13, 2005
$23,870
Eqcc Asset Backed Certificatie
Dasigenis,sandra L
Trustees Deed
related
—
—
—
Manchester Sling Corp
—
Deed Of Trust
related
$953,698 · Sterling Bank
—
—
Manchester Sling Corp
—
Deed Of Trust
related
$906,900 · Community Bank Of Texas NA
—
—
Manchester Sling Corp
—
Loan Modification
related
$500,000 · Community Bank Of Texas NA
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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