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Property profile & analytics
OFF-MARKET
Estimated value
$10,095,000
Warehouses
6401 Cavalcade St Houston, TX 77026-4315
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2242774
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1961
Construction
BRICK
Total area
104,000 SF
Lot
14.96 ac (651,540 SF)
APN
1293960010001
UPID
US82-2242774
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
$11.78M
Comparable Approach
Comparable
$8.41M
Blend (final)
Blend
$10.10M
Owner & transaction history
Reladyne INC · 2 yrs held
Reladyne INC
since 2024
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$16.5M
+160.9%
Auto repair, garage
$16.1M
+154.4%
Restaurant
$14.1M
+122.4%
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%
$12,760,000
6.5%
$11,775,000
7%
$10,935,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,335,000
Current use
RETAIL STORES
$16,525,000
Change: +161% · Conversion: Moderate
AUTO REPAIR, GARAGE
$16,115,000
Change: +154% · Conversion: Easy
RESTAURANT
$14,085,000
Change: +122% · Conversion: Difficult
OFFICE BUILDING
$7,235,000
Change: +14% · Conversion: Difficult
MEDICAL BUILDING
$6,635,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$10.10M
Range $9.09M – $11.10M · ±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
$97 / 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
$263,851
Tax year 2023
Assessed value
$13,275,767
Assessed 2024
Previous assessed
$13,275,767
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$2,931,930
Assessed improvement
$10,343,837
Land market value
$2,931,930
Improvement market value
$10,343,837
Total market value
$13,275,767
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
1961
Construction
BRICK
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Total area
104,000 SF
Lot
14.96 ac (651,540 SF)
APN
1293960010001
UPID
US82-2242774
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
$6.3M
RETAIL STORES
Est. value
$16.5M
AUTO REPAIR, GARAGE
Est. value
$16.1M
RESTAURANT
Est. value
$14.1M
OFFICE BUILDING
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$6.6M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
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
1961
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
14.96 ac
Current owner
From public records · entity-resolved
Reladyne INC
Entity
Free & Clear · 2 yrs held
Mailing address
11611 SAN VICENTE BLVD FL, LOS ANGELES, CA 90049-5106
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2024
—
Reladyne INC
Fnlr Non Friction LLC
Lease
—
Nov 1, 2011
—
Lehne Properties Ltd
—
Deed Of Trust
related
$7,000,000 · Wells Fargo Bank
—
—
Lehne Properties Ltd
—
Deed Of Trust
related
$500,000 · Amegy Bk
—
—
Lehne Properties Ltd
—
Deed Of Trust
related
$2,906,250 · Wells Fargo 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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