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Property profile & analytics
OFF-MARKET
Warehouses
7777 Airport Blvd Houston, TX 77061-4101
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3283054
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Construction
CONCRETE BLOCKS
Total area
480 SF
Lot
6.79 ac (295,833 SF)
APN
402390000017
UPID
US82-3283054
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
-
Key Airport Parking Parking Lot & Garage
-
HOU Parking Lot & Garage
-
Minivan & Passenger VAN Rental Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vinod D Patel · 5 yrs held
Vinod D Patel
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2020Property tax & assessments
Tax year 2020
Tax billed
$48,895
Tax year 2020
Assessed value
$2,258,378
Assessed 2024
Previous assessed
$2,293,072
-1.5% YoY
Effective rate
2.17%
On assessed value
Assessed land
$1,479,165
Assessed improvement
$779,213
Land market value
$1,479,165
Improvement market value
$779,213
Total market value
$2,258,378
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
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
2004
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
480 SF
Lot
6.79 ac (295,833 SF)
APN
402390000017
UPID
US82-3283054
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
Building & site characteristics
From public records
Year built
2004
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
6.79 ac
Current owner
From public records · entity-resolved
Vinod D Patel
Individual
Mailing address
1398 ELDRIDGE PKWY STE #210, HOUSTON, TX 77077-2548
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2020
—
Vinod D Patel
—
Deed
related
$2,800,000 · Southwestern Nat'l Bk
May 11, 2020
—
Vinod D Patel
—
Deed
related
$1,557,451 · Southwestern Nat'l Bk
May 7, 2020
—
Vinodbhai D Patel
—
Deed
related
$195,000 · Southwestern Nat'l Bk
Oct 7, 2019
—
Vinodbhait D Patel
—
Deed
related
$864,597 · Southwestern Nat'l Bk
Oct 2, 2019
—
Vinod D Patel
—
Deed
related
$1,570,673 · Southwestern Nat'l Bk
Apr 6, 2018
—
Vinod D Patel
—
Deed
related
$1,785,425 · Southwestern Nat'l Bk
Oct 4, 2017
—
Vinodbhai D Patel
—
Deed
related
$98,498 · Southwestern Nat'l Bk
Apr 3, 2017
—
Vinodbhai D Patel
—
Deed
related
$105,744 · Southwestern Nat'l Bk
—
—
Hobby Colony Ltd
—
Deed Of Trust
related
$50,000 · Individual
—
—
Greenridge
—
Deed Of Trust
related
$2,500,000 · Sterling Bank
—
—
Hobby Colony Ltd
—
Deed Of Trust
related
$400,000 · Individual
—
—
Hobby Colony Ltd
—
Deed Of Trust
related
$58,000 · Individual
—
—
Hobby Colony Ltd
—
Deed Of Trust
related
$49,985 · Individual
—
—
Hobby Colony Ltd
—
Deed Of Trust
related
$565,500 · Individual
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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