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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Warehouses
700 Oates Rd Houston, TX 77013-5229
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2212667
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
METAL FRAME
Total area
10,780 SF
Lot
3.68 ac (160,188 SF)
APN
481080000003
UPID
US82-2212667
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
$798k
Blend (final)
Blend
$810k
Owner & transaction history
Freeway Truck Sales INC · 19 yrs held
Freeway Truck Sales INC
since 2006
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+110.8%
Auto repair, garage
$985,000
+90.4%
Retail stores
$795,000
+53.8%
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
$515,000
Current use
RESTAURANT
$1,090,000
Change: +111% · Conversion: Difficult
AUTO REPAIR, GARAGE
$985,000
Change: +90% · Conversion: Easy
RETAIL STORES
$795,000
Change: +54% · Conversion: Moderate
OFFICE BUILDING
$750,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$690,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$675,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$810k
Range $729k – $891k · ±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
$47,763
Tax year 2023
Assessed value
$2,215,232
Assessed 2024
Previous assessed
$2,215,232
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$1,079,736
Assessed improvement
$1,135,496
Land market value
$1,079,736
Improvement market value
$1,135,496
Total market value
$2,215,232
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
1974
Construction
METAL FRAME
Heating
RADIANT
Cooling
NONE
Buildings
3
Stories
1
Total area
10,780 SF
Lot
3.68 ac (160,188 SF)
APN
481080000003
UPID
US82-2212667
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
$515,000
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$985,000
RETAIL STORES
Est. value
$795,000
OFFICE BUILDING
Est. value
$750,000
MEDICAL BUILDING
Est. value
$690,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$675,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1974
Construction
METAL FRAME
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
3
Lot
3.68 ac
Current owner
From public records · entity-resolved
Freeway Truck Sales INC
Entity
Mailing address
1263 US HWY 29TH N, CLEVELAND, TX 77328
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2006
—
Freeway Truck Sales INC
—
Trustees Deed
related
$500,000 · Partners Bank Tx
Oct 25, 2005
—
Accrued Investments INC
—
Trustees Deed
related
$500,000 · Partners Bank Tx
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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