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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Warehouses
9118 Synott Rd Houston, TX 77083-6590
Entity Owned
7-yr Hold
Free & Clear
Property ID
US82-3691307
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2020
Construction
STEEL FRAME
Total area
21,766 SF
Lot
1.7 ac (74,039 SF)
APN
1309450010002
UPID
US82-3691307
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
-
Guillen's Auto Sales & Repair Auto Repair Shop
-
Hallelujah Auto LLC Auto Repair Shop
-
NV auto service Vehicle Inspection Center
-
stevensons and sons llc Auto Repair Shop
-
SweetFingers Cuisine African Market African Goods Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$876k
Blend (final)
Blend
$785k
Owner & transaction history
Queen Investments LLC · 7 yrs held
Queen Investments LLC
since 2018
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
Method
Estimation
Statistic approach
by Request
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,135,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,085,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$1,040,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$36 / 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
$20,386
Tax year 2023
Assessed value
$2,780,884
Assessed 2024
Previous assessed
$2,780,884
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$555,300
Assessed improvement
$2,225,584
Land market value
$555,300
Improvement market value
$2,225,584
Total market value
$2,780,884
Applied tax rate
8.0000
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
2020
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Total area
21,766 SF
Lot
1.7 ac (74,039 SF)
APN
1309450010002
UPID
US82-3691307
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
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
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
2020
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Buildings
2
Lot
1.7 ac
Current owner
From public records · entity-resolved
Queen Investments LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 528, SUGAR LAND, TX 77487-0528
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2020
—
Concentric Three INC
—
Deed
related
$1,000,000 · Third Coast Bk Ssb
Jan 10, 2019
—
Queen Investments LLC
—
Deed
related
$738,000 · Prosperity Bk
Aug 6, 2018
—
Queen Investments LLC
Concentric Three INC
Grant Deed
related
—
Jun 19, 2018
—
Concentric Three INC
—
Deed
related
$1,700,000 · Jpmorgan Chase Bk NA
—
—
Queen Investments LLC
—
Deed Of Trust
related
$738,000 · Prosperity Bk
—
—
Concentric Three INC
—
Deed Of Trust
related
$1,700,000 · J P Morgan Chase Bank
—
—
Concentric Three INC
—
Loan Modification
related
$1,700,000 · Jpmorgan Chase Bk NA
—
—
Concentric Three INC
—
Deed Of Trust
related
$1,000,000 · Third Coast Bk Ssb
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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