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Property profile & analytics
FOR SALE
Distribution centers
5803 Old Highway 146 Seabrook, TX 77586
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-5238756
For Sale
$35,470,000
5803 Old Highway 146, Seabrook, TX 77586
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2022
Construction
METAL FRAME
Total area
475,828 SF
Lot
31.94 ac (1,391,394 SF)
APN
1456190010001
UPID
US82-5238756
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
$29.34M
Blend (final)
Blend
$35.47M
Owner & transaction history
Aireitt Bayport 1046 Dc LP · 2 yrs held
Aireitt Bayport 1046 Dc LP
since 2023
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$57.1M
+94.7%
Restaurant
$46.4M
+58.4%
Auto repair, garage
$43.0M
+46.9%
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 Seabrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seabrook 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
$29,310,000
Current use
COMMERCIAL (GENERAL)
$57,055,000
Change: +95% · Conversion: Difficult
RESTAURANT
$46,435,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$43,045,000
Change: +47% · Conversion: Easy
RETAIL STORES
$32,270,000
Change: +10% · Conversion: Moderate
MEDICAL BUILDING
$31,340,000
Change: +7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$29,335,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$35.47M
Range $31.92M – $39.02M · ±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
$75 / 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
$491,458
Tax year 2023
Assessed value
$46,919,600
Assessed 2024
Previous assessed
$46,919,600
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$7,241,589
Assessed improvement
$39,678,011
Land market value
$7,241,589
Improvement market value
$39,678,011
Total market value
$46,919,600
Applied tax rate
27.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Sale
Year built
2022
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
1
Total area
475,828 SF
Lot
31.94 ac (1,391,394 SF)
APN
1456190010001
UPID
US82-5238756
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
$29.3M
COMMERCIAL (GENERAL)
Est. value
$57.1M
RESTAURANT
Est. value
$46.4M
AUTO REPAIR, GARAGE
Est. value
$43.0M
RETAIL STORES
Est. value
$32.3M
MEDICAL BUILDING
Est. value
$31.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$29.3M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2022
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Buildings
1
Lot
31.94 ac
Current owner
From public records · entity-resolved
Aireitt Bayport 1046 Dc LP
Entity
Mailing address
1200 17TH ST STE #2900, DENVER, CO 80202-5831
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2023
—
Aireitt Bayport 1046 Dc LP
—
Deed
related
$103,287,848 · Beacon Financial Cu
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?”
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