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Property profile & analytics
FOR LEASE
Warehouses
7177 Cavalcade St Houston, TX 77028
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-3794580
For Lease
$4,000/Mo
7177 Cavalcade St, Houston, TX 77028
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
METAL FRAME
Total area
15,000 SF
Lot
7.23 ac (314,852 SF)
APN
402640040043
UPID
US82-3794580
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
-
Scrap Trading International Metal Fabrication Plant Recycling Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.70M
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.58M
Owner & transaction history
Irm Holdings LLC · 7 yrs held
Irm Holdings LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+134.3%
Retail stores
$1.8M
+94.2%
Auto repair, garage
$1.7M
+79.1%
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%
$1,840,000
6.5%
$1,700,000
7%
$1,575,000
Alternative Use
Use
Estimation
RESTAURANT
$2,180,000
Change: +134% · Conversion: Difficult
RETAIL STORES
$1,810,000
Change: +94% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,670,000
Change: +79% · Conversion: Easy
OFFICE BUILDING
$1,045,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$955,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.58M
Range $1.42M – $1.73M · ±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
$105 / 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
$56,503
Tax year 2023
Assessed value
$3,278,814
Assessed 2024
Previous assessed
$3,278,814
+0.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$1,574,260
Assessed improvement
$1,704,554
Land market value
$1,574,260
Improvement market value
$1,704,554
Total market value
$3,278,814
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
For Lease
Year built
1977
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
5
Stories
1
Total area
15,000 SF
Lot
7.23 ac (314,852 SF)
APN
402640040043
UPID
US82-3794580
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
RESTAURANT
Est. value
$2.2M
RETAIL STORES
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$955,000
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
1977
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Lot
7.23 ac
Current owner
From public records · entity-resolved
Irm Holdings LLC
Entity
Free & Clear · 7 yrs held
Mailing address
5718 WESTHEIMER RD STE #1840, HOUSTON, TX 77057-5758
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2019
—
Irm Holdings LLC
—
Deed
related
$2,880,000 · Frost Bk
May 16, 2019
—
Irm Holdings LLC
Custom Blast Services INC
Grant Deed
related
—
Mar 7, 2018
—
Custom Blast Services INC
—
Deed
related
—
Mar 1, 2018
—
Custom Blast Services INC
—
Deed
related
—
Jan 19, 2017
—
Brock Ents LLC
—
Deed
related
—
Mar 1, 2007
—
Custom Pipe Coating INC
—
Deed Of Trust
related
$465,000,000 · Bank Of America
—
—
Irm Holdings LLC
—
Deed Of Trust
related
$2,880,000 · Frost Bk
—
—
Brock Ents LLC
—
Deed Of Trust
related
—
—
—
Brock Ents LLC
—
Deed Of Trust
related
—
—
—
Custom Blast Services INC
—
Deed Of Trust
related
—
—
—
Custom Blast Services INC
—
Deed Of Trust
related
—
—
—
Custom Blast Services INC
—
Deed Of Trust
related
—
—
—
Custom Blast Services INC
—
Deed Of Trust
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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