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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Warehouses
7935 Wright Rd 266, Houston, TX 77041-2404
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US82-5267853
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2003
Construction
METAL FRAME
Total area
11,050 SF
Lot
5.82 ac (253,358 SF)
APN
1241700010004
UPID
US82-5267853
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
-
A Discount Mini Storage Storage Facility
-
Specialized Movers, Inc. Moving Company
-
Two Men and a Truck Moving Waste Management Facility Hazardous Waste Disposal
-
D-MAC Industries Houston Factory Production Facility
-
Tuff Shed Jersey Village Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$647k
Blend (final)
Blend
$580k
Owner & transaction history
Terrandy Properties LLC · 9 yrs held
Terrandy Properties LLC
since 2016
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$755,000
+75.8%
Auto repair, garage
$705,000
+64.9%
Medical building
$705,000
+64.7%
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
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$430,000
Current use
RETAIL STORES
$755,000
Change: +76% · Conversion: Moderate
AUTO REPAIR, GARAGE
$705,000
Change: +65% · Conversion: Easy
MEDICAL BUILDING
$705,000
Change: +65% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$690,000
Change: +61% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$385,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$52 / 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
$23,863
Tax year 2023
Assessed value
$3,855,584
Assessed 2024
Previous assessed
$3,855,584
+0.0% YoY
Effective rate
0.62%
On assessed value
Assessed land
$974,300
Assessed improvement
$2,881,284
Land market value
$974,300
Improvement market value
$2,881,284
Total market value
$3,855,584
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Total area
11,050 SF
Lot
5.82 ac (253,358 SF)
APN
1241700010004
UPID
US82-5267853
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
$430,000
RETAIL STORES
Est. value
$755,000
AUTO REPAIR, GARAGE
Est. value
$705,000
MEDICAL BUILDING
Est. value
$705,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$690,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$385,000
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
2003
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
7
Lot
5.82 ac
Current owner
From public records · entity-resolved
Terrandy Properties LLC
Entity
Mailing address
7935 WRIGHT RD #266, HOUSTON, TX 77041-2404
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2016
—
Terrandy Properties LLC
Specialized Cargo Haulers INC
Grant Deed
$3,337,000 · Texas Citizens Bk NA
Feb 25, 2016
—
Specialized Cargo Haulers INC
—
Trustees Deed
related
$110,580 · Texas Citizens Bk NA
Dec 31, 2013
—
Specialized Cargo Haulers INC
A Discount Mini-storage III LP
Grant Deed
$3,337,000 · Texas Citizens Bank NA
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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