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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Warehouses
909 Pinafore Ln Houston, TX 77039-1415
Individually Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-5332321
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
METAL FRAME
Total area
10,606 SF
Lot
4.37 ac (190,501 SF)
APN
41760000203
UPID
US82-5332321
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
-
Arcosa Crushed Concrete - Pinafore Recycle Yard Building Supply Factory
-
Cherry Companies Building Supply Factory
-
Cherry concrete Parking Lot & Garage
-
Unique Screen Designs (Bike/Boat/Book/etc) Store Printing Service
-
KC Crushed Concrete Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$425k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$588k
Blend (final)
Blend
$510k
Owner & transaction history
Coastal King Ltd · 13 yrs held
Coastal King Ltd
since 2013
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$740,000
+41.2%
Medical building
$675,000
+29.5%
Apartment house (5+ units)
$665,000
+26.9%
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
$425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$525,000
Current use
OFFICE BUILDING
$740,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$675,000
Change: +30% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$665,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$48 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$14,374
Tax year 2020
Assessed value
$1,151,233
Assessed 2024
Previous assessed
$1,231,766
-6.5% YoY
Effective rate
1.25%
On assessed value
Assessed land
$666,750
Assessed improvement
$484,483
Land market value
$666,750
Improvement market value
$484,483
Total market value
$1,151,233
Applied tax rate
9.0000
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
1997
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Rooms
5
Bathrooms
2
Total area
10,606 SF
Lot
4.37 ac (190,501 SF)
APN
41760000203
UPID
US82-5332321
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
$525,000
OFFICE BUILDING
Est. value
$740,000
MEDICAL BUILDING
Est. value
$675,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$665,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1997
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
5
Bathrooms
2
Lot
4.37 ac
Current owner
From public records · entity-resolved
Coastal King Ltd
Individual
Mailing address
6131 SELINSKY RD, HOUSTON, TX 77048-2006
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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 10, 2013
—
Coastal King Ltd
Ray Smith Family Ptshp Ltd
Grant Deed
related
—
—
—
Ray Smith Family Ptshp Ltd
—
Deed Of Trust
related
$741,519 · Enterprise Bank
—
—
Ray Smith Family Ptshp Ltd
—
Deed Of Trust
related
$527,919 · Enterprise Bank
—
—
Ray Smith Family Ptshp Ltd
—
Deed Of Trust
related
$81,000 · Enterprise Bank
—
—
Cherry Land Holdings LLC
—
Deed Of Trust
related
$1,200,000 · Wells Fargo Bank
—
—
Ray Smith Family Ptshp Ltd
—
Deed Of Trust
related
$240,000 · Enterprise Bank
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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