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Property profile & analytics
OFF-MARKET
Estimated value
$17,170,000
Warehouses
8989 Westheimer Rd 1900 Houston, TX 77063-3601
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2931728
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2017
Construction
BRICK
Total area
222,300 SF
Lot
2.92 ac (127,152 SF)
APN
1034590010001
UPID
US82-2931728
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
-
I FASHION FUSION (Bike/Boat/Book/etc) Store
-
Stewart's Enterprises Check Cashing
-
HOUSTON TRAVEL CENTER Travel Agency
-
TCA General Services Law Firm
-
West Houston Reprographics (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.23M
Blend (final)
Blend
$17.17M
Owner & transaction history
Ps Lpt Properties Investors · 9 yrs held
Ps Lpt Properties Investors
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$21.6M
+57.6%
Auto repair, garage
$20.1M
+46.8%
Medical building
$14.2M
+3.5%
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
WAREHOUSE, STORAGE
$13,710,000
Current use
RESTAURANT
$21,605,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$20,125,000
Change: +47% · Conversion: Easy
MEDICAL BUILDING
$14,185,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$10,975,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$17.17M
Range $15.45M – $18.89M · ±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
$77 / 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
$535,334
Tax year 2023
Assessed value
$27,489,929
Assessed 2024
Previous assessed
$27,489,929
+0.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$5,721,840
Assessed improvement
$21,768,089
Land market value
$5,721,840
Improvement market value
$21,768,089
Total market value
$27,489,929
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
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
2017
Construction
BRICK
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
222,300 SF
Lot
2.92 ac (127,152 SF)
APN
1034590010001
UPID
US82-2931728
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
$13.7M
RESTAURANT
Est. value
$21.6M
AUTO REPAIR, GARAGE
Est. value
$20.1M
MEDICAL BUILDING
Est. value
$14.2M
RETAIL STORES
Est. value
$11.0M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
2017
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
3
Buildings
1
Lot
2.92 ac
Current owner
From public records · entity-resolved
Ps Lpt Properties Investors
Entity
Free & Clear · 9 yrs held
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2016
—
Ps Lpt Properties Investors
Os 8989 LLC
Grant Deed
related
—
Nov 18, 2015
—
Os 8989 LLC
Ysn Investment Group LLC
Venders Lien
$2,850,000 · Benchmark Bank
Dec 13, 2013
—
Ysn Investment Group LLC
Khurana,rajan
Grant Deed
related
—
Nov 1, 2013
—
Ysn Investment Group LLC
Khurana,rajan
Warranty Deed
related
—
Jun 28, 2013
—
Rajan Khurana
Ysn Investments LLC
Warranty Deed
related
—
Nov 25, 2009
—
Ysn Investment Group LLC
—
Loan Modification
related
$192,903 · Cathay Bk
Jul 20, 2009
—
Ysn Investment Group LLC
—
Loan Modification
related
$2,698,922 · Cathay Bk
Dec 9, 2008
—
Ysn Investment Group LLC
—
Loan Modification
related
$200,000 · Cathay Bk
—
—
Ysn Investment Group LLC
—
Deed Of Trust
related
$2,870,000 · Cathay Bk
—
—
Ysn Investment Group LLC
—
Deed Of Trust
related
$200,000 · Cathay Bk
—
—
Ysn Investment Group LLC
—
Loan Modification
related
$2,612,424 · Cathay Bk
—
—
Pltq Lotus Group
—
Deed Of Trust
related
$417,500 · Metrobank
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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