Back to Search
Property profile & analytics
FOR LEASE
Distribution centers
9005 Spikewood Dr Houston, TX 77078
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2428214
For Lease
$2,010,000
9005 Spikewood Dr, Houston, TX 77078
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1976
Construction
STEEL FRAME
Total area
108,388 SF
Lot
6.2 ac (270,268 SF)
APN
1076730000002
UPID
US82-2428214
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
-
Southwest Freight Inc Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.01M
Blend (final)
Blend
$2.01M
Owner & transaction history
Houston Infill Industrial Invr I Ll · 5 yrs held
Houston Infill Industrial Invr I Ll
since 2021
6 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
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
Blend value · Realmo final
$2.01M
Range $1.81M – $2.21M · ±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
$19 / 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
$157,743
Tax year 2023
Assessed value
$7,864,480
Assessed 2024
Previous assessed
$7,864,480
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$1,216,197
Assessed improvement
$6,648,283
Land market value
$1,216,197
Improvement market value
$6,648,283
Total market value
$7,864,480
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1976
Construction
STEEL FRAME
Heating
RADIANT
Cooling
NONE
Buildings
1
Stories
1
Total area
108,388 SF
Lot
6.2 ac (270,268 SF)
APN
1076730000002
UPID
US82-2428214
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
1976
Construction
STEEL FRAME
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
1
Lot
6.2 ac
Current owner
From public records · entity-resolved
Houston Infill Industrial Invr I Ll
Individual
Free & Clear · 5 yrs held
Mailing address
11720 KATY FWY STE #400, HOUSTON, TX 77079-3147
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2021
—
Houston Infill Industrial Invr I Ll
—
Deed
related
$62,830,000 · Great West Life & Annuity Insurance Co
May 25, 2021
—
Houston Infill Industrial Invr I Ll
Tprf Trep Acquisition 1 LLC
Deed
—
Apr 30, 2018
—
Bankers Life & Casualty Co
40186 Mortgage Capital INC
Grant Deed
related
—
Apr 26, 2018
—
Hmc Of Trep Acquisition 1 LLC
—
Deed
related
—
Oct 20, 2016
—
Hmc Of Trep Acquisition 1 LLC
J2b2d1 Co
Grant Deed
$3,040,000 · Green Bk
—
—
Hmc Of Trep Acquisition 1 LLC
—
Deed Of Trust
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
