New search
Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Warehouses
5650 Wheatley St Houston, TX 77091-5523
Individually Owned
21-yr Hold
Free & Clear
Property ID
US82-4759995
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Construction
METAL FRAME
Total area
10,500 SF
Lot
0.85 ac (37,065 SF)
APN
162780010039
UPID
US82-4759995
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
$1.19M
Comparable Approach
Comparable
$852k
Blend (final)
Blend
$855k
Owner & transaction history
Mark Adamson · 21 yrs held
Mark Adamson
since 2005
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+100.6%
Auto repair, garage
$1.1M
+76.3%
Retail stores
$1.1M
+76.2%
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
$520,000
CAP Approach
CAP Return
Estimation
6%
$1,290,000
6.5%
$1,190,000
7%
$1,105,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$635,000
Current use
RESTAURANT
$1,275,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,120,000
Change: +76% · Conversion: Easy
RETAIL STORES
$1,120,000
Change: +76% · Conversion: Moderate
OFFICE BUILDING
$730,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$670,000
Change: +5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$535,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$81 / 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
$27,655
Tax year 2023
Assessed value
$1,530,700
Assessed 2024
Previous assessed
$1,530,700
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$630,088
Assessed improvement
$900,612
Land market value
$630,088
Improvement market value
$900,612
Total market value
$1,530,700
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
2004
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
10,500 SF
Lot
0.85 ac (37,065 SF)
APN
162780010039
UPID
US82-4759995
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
$635,000
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$730,000
MEDICAL BUILDING
Est. value
$670,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$535,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2004
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.85 ac
Current owner
From public records · entity-resolved
Mark Adamson
Individual
Free & Clear · 21 yrs held
Mailing address
PO BOX 91282, HOUSTON, TX 77291-1282
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2007
—
Mobilitie Investments LLC
—
Deed Of Trust
related
$85,000,000 · Toronto Dominion Texas INC
May 27, 2005
—
Mark Adamson
Jackson,roy T
Grant Deed
—
Jun 17, 2003
—
Roy T Jackson
Pate,tim & Roxanna
Grant Deed
related
—
Jul 17, 2002
—
Tim Pate
Monmouth Johnson,stella L
Grant Deed
related
—
—
—
John Adamson
—
Deed Of Trust
related
$2,183,028 · Cori Adamson
—
—
Roy T Jackson
—
Deed Of Trust
related
$150,000 · Mildred Jackson
—
—
Roy T Jackson
—
Deed Of Trust
related
$150,000 · Mildred Jackson
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 5650 Wheatley St?
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.
