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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Flex space
8550 Telephone Rd Houston, TX 77061-4726
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2545792
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2008
Construction
METAL FRAME
Total area
50,024 SF
Lot
3.42 ac (149,058 SF)
APN
963180000001
UPID
US82-2545792
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
$700k
Owner & transaction history
Jeni Properties LLC · 17 yrs held
Jeni Properties LLC
since 2009
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
$14 / 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
$102,757
Tax year 2023
Assessed value
$4,816,838
Assessed 2024
Previous assessed
$4,816,838
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$372,656
Assessed improvement
$4,444,182
Land market value
$372,656
Improvement market value
$4,444,182
Total market value
$4,816,838
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2008
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
50,024 SF
Lot
3.42 ac (149,058 SF)
APN
963180000001
UPID
US82-2545792
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
2008
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
3.42 ac
Current owner
From public records · entity-resolved
Jeni Properties LLC
Entity
Mailing address
225 S 16TH ST, LA PORTE, TX 77571-4608
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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
May 11, 2016
—
Metal Works Properties LP
—
Deed
related
$2,907,919 · Frost Bk
May 17, 2013
—
Metal Works Properties LP
—
Loan Modification
related
$3,350,354 · Frost Bank
Jan 22, 2009
—
Jeni Properties LLC
Cerdacorp LLC
Warranty Deed
$818,000 · Star Service INC/baton Rouge
May 2, 2008
—
Kenneth M Simon
Hobby Commerce Center Ptrs Ltd
Grant Deed
related
—
Oct 30, 2007
—
Hobby Commerce Center Owners
Hobby Commerce Center Ptrs Ltd
Quit Claim Deed
related
—
Oct 25, 2007
—
Re Cassaro LLC
Hobby Commerce Center Ptrs Ltd
Grant Deed
related
—
Jul 2, 2007
—
Cerdacorp LLC
Hobby Commerce Center Ptrs Ltd
Grant Deed
$2,700,000 · Comerica Bank
—
—
Metal Works Properties LP
—
Loan Modification
related
$2,907,919 · Frost Bk
—
—
Cerdacorp LLC
—
Deed Of Trust
related
$2,500,000 · Community National Bank
—
—
Metal Works Properties LP
—
Deed Of Trust
related
$3,405,566 · Frost National Bank
—
—
Kenneth M Simon
—
Deed Of Trust
related
$750,000 · Standard Insurance Co
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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