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Property profile & analytics
OFF-MARKET
Estimated value
$3,005,000
Warehouses
9009 Clay Rd Houston, TX 77080
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2094877
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Construction
STEEL FRAME
Total area
47,700 SF
Lot
5.46 ac (237,825 SF)
APN
1076030000001
UPID
US82-2094877
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
$3.14M
Blend (final)
Blend
$3.01M
Owner & transaction history
Sl4 Hou Industrial LP · 9 yrs held
Sl4 Hou Industrial LP
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.8M
+69.7%
Retail stores
$3.4M
+21.2%
Office building
$3.3M
+16.8%
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
$2,840,000
Current use
RESTAURANT
$4,820,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$3,445,000
Change: +21% · Conversion: Moderate
OFFICE BUILDING
$3,320,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$3,045,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$3.01M
Range $2.70M – $3.31M · ±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
$63 / 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
$60,611
Tax year 2023
Assessed value
$6,262,139
Assessed 2024
Previous assessed
$6,262,139
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$832,384
Assessed improvement
$5,429,755
Land market value
$832,384
Improvement market value
$5,429,755
Total market value
$6,262,139
Applied tax rate
25.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Construction
STEEL FRAME
Heating
RADIANT
Cooling
NONE
Buildings
2
Stories
1
Total area
47,700 SF
Lot
5.46 ac (237,825 SF)
APN
1076030000001
UPID
US82-2094877
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
$2.8M
RESTAURANT
Est. value
$4.8M
RETAIL STORES
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.0M
WAREHOUSE, STORAGE Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
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
1980
Construction
STEEL FRAME
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
2
Lot
5.46 ac
Current owner
From public records · entity-resolved
Sl4 Hou Industrial LP
Entity
Mailing address
100 CRES BLF #850, LAKEWAY, TX 78734-3457
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2017
—
Sl4 Hou Industrial LP
Kp Pinehill LLC
Grant Deed
related
—
Nov 8, 2012
—
Koll Of Per Pinehill LLC
—
Deed Of Trust
related
$115,000,000 · Us Bank NA
Sep 28, 2011
—
Koll Of Per Subsidiary LLC
—
Deed Of Trust
related
$50,000,000 · Us Bank NA
Jun 28, 2011
—
Koll Of Per Pinehill LLC
—
Deed Of Trust
related
$50,000,000 · Us Bank NA
Jun 13, 2008
—
Koll Of Per Pineway LLC
—
Deed Of Trust
related
$63,000,000 · General Electric Capital Corp
Nov 29, 2007
—
Koll Of Per Pinehill LLC
Pineway Business Center INC
Quit Claim Deed
related
—
—
—
Sl4 Hou Industrial LP
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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