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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Warehouses
5939 Albert Dr Humble, TX 77396-2072
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US82-1513112
Property summary
AI-generated overview
This exceptional industrial property, located at 5939 Albert Dr in Humble, Texas, offers a rare opportunity to lease flexible warehouse space. Comprising two buildings totaling 14,424 square feet, this property is situated on a sizable lot ranging from 0.624 to 0.833 acres. The buildings boast impressive ceiling heights ranging from 14 to 26 feet, providing ample vertical space for various industrial uses. The property is currently fully vacant, offering immediate occupancy for a single tenant or multiple tenants. Divisible spaces are available, with a minimum leasable area of 5,000 square feet and a maximum contiguous space of 9,424 square feet. The property features ample paved parking and robust power capabilities, including 200 amp, 480-volt, 3-phase power. Built in 2018, this property is in excellent condition and located in Harris County, Texas, with easy access to major transportation routes. The property's flexible layout and modern amenities make it ideal for a wide range of industrial and flex-space businesses. Contact us today to schedule a viewing and explore the possibilities. Zip code: 77396.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Construction
STEEL FRAME
Total area
14,012 SF
Lot
0.62 ac (27,199 SF)
APN
731850010001
UPID
US82-1513112
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
-
Hays Electrical Services Electrical Service General Contractor
-
Hays Corporate Housing, LLC Travel Agency Vacation Rental
-
Hays Energy Services LLC Solar Energy Company Electric Generator Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$777k
Blend (final)
Blend
$570k
Owner & transaction history
Hays Properties LLC · 3 yrs held
Hays Properties LLC
since 2023
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$855,000
+10.6%
Auto repair, garage
$815,000
+5.7%
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 Humble submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Humble 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
$365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$775,000
Current use
APARTMENT HOUSE (5+ UNITS)
$855,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$815,000
Change: +6% · Conversion: Easy
MEDICAL BUILDING
$660,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$41 / 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
$15,928
Tax year 2023
Assessed value
$1,469,382
Assessed 2024
Previous assessed
$1,469,382
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$190,393
Assessed improvement
$1,278,989
Land market value
$190,393
Improvement market value
$1,278,989
Total market value
$1,469,382
Applied tax rate
9.0000
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
2018
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
1
Total area
14,012 SF
Lot
0.62 ac (27,199 SF)
APN
731850010001
UPID
US82-1513112
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
$775,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$815,000
MEDICAL BUILDING
Est. value
$660,000
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2018
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Buildings
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Hays Properties LLC
Entity
Mailing address
5939 ALBERT DR, HUMBLE, TX 77396-2072
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2025
—
Flexco Holdings LLC
—
Deed
related
$1,880,000 · Frost Bank
May 1, 2023
—
Hays Properties LLC
Jessica Lee Reyes
Warranty Deed
$2,051,200 · Bokf NA
Oct 26, 2022
—
Hays Electrical Services INC
—
Deed
related
$1,750,000 · Independent 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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