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Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Warehouses
5708 Clarewood Dr Houston, TX 77081-5210
Entity Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-1438000
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Construction
METAL FRAME
Total area
16,640 SF
Lot
4.45 ac (193,676 SF)
APN
370580230007
UPID
US82-1438000
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.15M
Owner & transaction history
Coastal Bend Holdings LP · 22 yrs held
Coastal Bend Holdings LP
since 2004
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+146.2%
Auto repair, garage
$1.4M
+85.7%
Commercial (general)
$1.2M
+60.4%
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
$760,000
Current use
RESTAURANT
$1,870,000
Change: +146% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,410,000
Change: +86% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,220,000
Change: +60% · Conversion: Difficult
MEDICAL BUILDING
$1,060,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$895,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$1.15M
Range $1.04M – $1.27M · ±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
$69 / 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
$99,218
Tax year 2023
Assessed value
$4,562,152
Assessed 2024
Previous assessed
$4,562,152
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$2,905,125
Assessed improvement
$1,657,027
Land market value
$2,905,125
Improvement market value
$1,657,027
Total market value
$4,562,152
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
1972
Construction
METAL FRAME
Heating
RADIANT
Cooling
NONE
Buildings
9
Stories
1
Total area
16,640 SF
Lot
4.45 ac (193,676 SF)
APN
370580230007
UPID
US82-1438000
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
$760,000
RESTAURANT
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$895,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1972
Construction
METAL FRAME
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
9
Lot
4.45 ac
Current owner
From public records · entity-resolved
Coastal Bend Holdings LP
Entity
Free & Clear · 22 yrs held
Mailing address
7700 RENWICK DR STE 8B, HOUSTON, TX 77081-7134
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2004
—
Coastal Bend Holdings LP
Coastal Bend Property Dev
Quit Claim Deed
related
—
Jan 8, 2002
—
Jose N Parada
Aguilar,joyce W
Grant Deed
$50,000 · Joyce W Aguilar
Sep 8, 1999
—
6518 Alder Ltd
James C Misener Estate
Grant Deed
$70,000 · Frost National Bank
—
—
Texas E M S Corp
—
Deed Of Trust
related
$117,802 · Citizens National Bank
—
—
Sterling Bank
—
Deed Of Trust
related
$108,000 · Sterling Bank
—
—
Wei M Tian
—
Deed Of Trust
related
$90,000 · Texas First National Bank
—
—
Wei M Tian
—
Deed Of Trust
related
$375,000 · Southwestern National Bank
—
—
Benito T Medina
—
Deed Of Trust
related
$51,467 · Wells Fargo Fin'l Texas INC
—
—
6518 Alder Ltd
—
Deed Of Trust
related
$80,000 · Frost National 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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