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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Flex space
9840 Windmill Park Ln Houston, TX 77064-3301
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2895871
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1998
Construction
METAL FRAME
Total area
21,200 SF
Lot
12.06 ac (525,312 SF)
APN
1297480010001
UPID
US82-2895871
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
-
Advanced Welding Services General Contractor
-
Gallop Metal Fabrication Plant Factory
-
Valves and Industrial Resources, LP - VIR Factory Industrial Manufacturer
-
Hendrix Specialty Fabrication Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$703k
Blend (final)
Blend
$765k
Owner & transaction history
Windmill Strasse LLC · 10 yrs held
Windmill Strasse LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+117.8%
Warehouse, storage
$1.1M
+84.4%
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
$830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$580,000
Current use
AUTO REPAIR, GARAGE
$1,260,000
Change: +118% · Conversion: Easy
WAREHOUSE, STORAGE
$1,065,000
Change: +84% · Conversion: Easy
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$35,574
Tax year 2023
Assessed value
$5,320,310
Assessed 2024
Previous assessed
$5,320,310
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$2,753,172
Assessed improvement
$2,567,138
Land market value
$2,753,172
Improvement market value
$2,567,138
Total market value
$5,320,310
Applied tax rate
4.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1998
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
7
Total area
21,200 SF
Lot
12.06 ac (525,312 SF)
APN
1297480010001
UPID
US82-2895871
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
INDUSTRIAL (GENERAL) Current
Est. value
$580,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1998
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Buildings
7
Lot
12.06 ac
Current owner
From public records · entity-resolved
Windmill Strasse LLC
Entity
Mailing address
1602 MOONEY RD, HOUSTON, TX 77093-1825
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Jan 17, 2023
—
Windmill Strasse LLC
—
Deed
related
$362,344 · Whitney Bank
Oct 5, 2020
—
Windmill Strasse LLC
—
Deed
related
$8,000,000 · Hancock Whitney Bk
Sep 23, 2020
—
Windmill Strasse LLC
—
Deed
related
$1,450,000 · Hancock Whitney Bk
Dec 28, 2015
—
Windmill Strasse LLC
Ameriforge Corp
Grant Deed
$4,505,000 · Whitney Bk
—
—
Ameriforge Group INC
—
Deed Of Trust
related
—
—
—
Windmill Strasse LLC
—
Deed Of Trust
related
$1,450,000 · Hancock Whitney Bk
—
—
Windmill Strasse LLC
—
Deed Of Trust
related
$362,344 · Hancock Whitney Bk
—
—
Windmill Strasse LLC
—
Deed Of Trust
related
$8,000,000 · Hancock Whitney Bk
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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