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Property profile & analytics
OFF-MARKET
Retail space
816 Wallisville Rd Highlands, TX 77562-3916
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-6471202
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Construction
WOOD FRAME
Total area
1,840 SF
Lot
0.51 ac (22,159 SF)
APN
591380940027
UPID
US82-6471202
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Z Rei LLC · 2 yrs held
Z Rei LLC
since 2024
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 Highlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highlands 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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,635
Tax year 2022
Assessed value
$282,093
Assessed 2024
Previous assessed
$281,719
+0.1% YoY
Effective rate
0.58%
On assessed value
Assessed land
$44,316
Assessed improvement
$237,777
Land market value
$44,316
Improvement market value
$237,777
Total market value
$282,093
Applied tax rate
16.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2009
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
1,840 SF
Lot
0.51 ac (22,159 SF)
APN
591380940027
UPID
US82-6471202
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
2009
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
Z Rei LLC
Entity
Mailing address
1004 CORDELL ST, HOUSTON, TX 77009-3829
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2024
—
Z Rei LLC
Heights Rei Group LLC
Warranty Deed
$130,000 · Asg Hlp Jv
Mar 6, 2023
—
Heights Rei Group LLC
—
Deed
related
$127,000 · Kokila N Shah Ira 1321311
Nov 8, 2021
—
Loan Source LLC
Heights Rei Group LLC
Trustees Deed
related
—
Apr 19, 2021
—
Heights Rei Group LLC
Francisco I Zaragoza JR
Warranty Deed
$147,000 · Ils Lending LLC
Dec 14, 2016
—
Francisco J Zaragoza JR
—
Deed
related
$158,500 · C Eric Gostenhofer
Jan 25, 2016
—
Francisco J Zaragoza JR
Hreal Co LLC
Grant Deed
$68,000 · Julio Pascual
Nov 6, 2015
—
Hreal LLC
James Richard C|zaragoza,frank & Nora
Trustees Deed
related
—
May 5, 2009
—
Frank Zaragoza
Bridwell,james & Betty
Warranty Deed
$50,000 · James & Betty Bridwell
Dec 9, 2008
—
James Bridwell
Highlands Custom Slaughtering
Warranty Deed
related
—
—
—
Frank Zaragoza
—
Deed Of Trust
related
$50,000 · James & Betty Bridwell
—
—
Francisco J Zaragoza JR
—
Deed Of Trust
related
$158,500 · C Eric Gostenhofer
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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