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Property profile & analytics
OFF-MARKET
Estimated value
$1,480,000
Warehouses
6925 Burkett St Houston, TX 77021-4605
Entity Owned
15-yr Hold
Free & Clear
Property ID
US83-3049320
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Construction
METAL FRAME
Total area
21,708 SF
Lot
1.66 ac (72,101 SF)
APN
332070290003
UPID
US83-3049320
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
-
Energy Fishing And Rental Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.48M
Owner & transaction history
Naousa LP · 15 yrs held
Naousa LP
since 2011
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.8M
+14.7%
Retail stores
$1.7M
+7.1%
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
$1,600,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,835,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$1,715,000
Change: +7% · Conversion: Moderate
OFFICE BUILDING
$1,510,000
Change: -6% · Conversion: Difficult
MEDICAL BUILDING
$1,385,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.48M
Range $1.33M – $1.63M · ±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
$68 / 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
$30,450
Tax year 2023
Assessed value
$1,512,091
Assessed 2024
Previous assessed
$1,512,091
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$793,100
Assessed improvement
$718,991
Land market value
$793,100
Improvement market value
$718,991
Total market value
$1,512,091
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
1979
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
21,708 SF
Lot
1.66 ac (72,101 SF)
APN
332070290003
UPID
US83-3049320
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
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1979
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.66 ac
Current owner
From public records · entity-resolved
Naousa LP
Entity
Free & Clear · 15 yrs held
Mailing address
PO BOX 6805, HOUSTON, TX 77265-6805
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2023
—
Naousa
—
Deed
related
$250,000 · Prosperity Bank
Mar 19, 2020
—
Naousa LP
—
Deed
related
$99,000 · Prosperity Bk
Apr 22, 2019
—
Naousa LP
—
Deed
related
$99,000 · Prosperity Bk
Feb 14, 2018
—
Naousa LP
—
Deed Of Trust
related
$250,000 · Prosperity Bk
May 18, 2011
—
Naousa LP
Poseidon Holdings LLC
Grant Deed
related
—
Apr 16, 2008
—
Poseidon Holdings LLC
6925 Burkett LLC
Grant Deed
related
$475,000 · Community National Bank
Mar 23, 2005
—
6925 Burkett LLC
Gertenheft R/e Interests
Grant Deed
$450,000 · Royal Oaks Bank Ssb
Jan 20, 1998
—
Gertenheft Real Estate Interes
Campbell,ryan D
Grant Deed
$415,000 · Bank United Of Texas Fsb
—
—
Naousa LP
—
Loan Modification
related
$99,000 · Prosperity Bk
—
—
Naousa LP
—
Loan Modification
related
$99,000 · Prosperity Bk
—
—
Naousa LP
—
Loan Modification
related
$475,000 · Prosperity 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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