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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Warehouses
7777 Wright Rd Houston, TX 77041-2427
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US82-2041211
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Construction
METAL FRAME
Total area
20,588 SF
Lot
7.1 ac (309,189 SF)
APN
640150000066
UPID
US82-2041211
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
-
Coiling Technologies Inc Industrial Manufacturer Production Facility
-
Jem Steel General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.36M
Owner & transaction history
Kwybg Wright Rd LLC · 11 yrs held
Kwybg Wright Rd LLC
since 2015
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+160.9%
Retail stores
$1.4M
+75.8%
Auto repair, garage
$1.3M
+64.9%
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
RESTAURANT
$2,080,000
Change: +161% · Conversion: Difficult
RETAIL STORES
$1,400,000
Change: +76% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,315,000
Change: +65% · Conversion: Easy
MEDICAL BUILDING
$1,315,000
Change: +65% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,285,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±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
$66 / 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
$43,419
Tax year 2023
Assessed value
$7,188,825
Assessed 2024
Previous assessed
$7,188,825
+0.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$1,439,918
Assessed improvement
$5,748,907
Land market value
$1,439,918
Improvement market value
$5,748,907
Total market value
$7,188,825
Applied tax rate
4.0000
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
1980
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
12
Stories
1
Total area
20,588 SF
Lot
7.1 ac (309,189 SF)
APN
640150000066
UPID
US82-2041211
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
$2.1M
RETAIL STORES
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
1980
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
12
Lot
7.1 ac
Current owner
From public records · entity-resolved
Kwybg Wright Rd LLC
Entity
Mailing address
PO BOX 40450, HOUSTON, TX 77240-0450
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2015
—
Kwybg Wright Rd LLC
H & M Leasing INC
Grant Deed
related
—
Dec 1, 2011
—
H & M Leasing INC
—
Deed Of Trust
related
$2,100,000 · Bank Of America
Oct 8, 2009
—
H & M Leasing INC
—
Trustees Deed
related
$2,000,000 · Omni Bank
—
—
H & M Leasing INC
—
Deed Of Trust
related
$3,250,000 · Wells Fargo Bk
—
—
H & M Leasing INC
—
Deed Of Trust
related
$1,800,000 · Omni 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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