Propnex Realty

What Propnex Realty does

PropNex Realty is a privately held, founder-owned commercial and residential real estate brokerage founded in 2015 by David Wang (CCIM, SIOR) and headquartered in Katy, Texas (Houston market). The firm operates offices in Monterey Park, California (Los Angeles) and Duluth, Georgia (Atlanta), serving property owners, tenants, and investors across these three U.S. Sun Belt markets. Its primary customer base is small and mid-sized commercial tenants and landlords, with a deliberate focus on the Asian American business community supported by bilingual English/Chinese staffing and dedicated digital channels (TikTok, WeChat). Customers span food and beverage, grocery/retail, and telecommunications sub-sectors, including tenants such as ShareTea, Fresh International Market, Metro by T-Mobile, and Samurai Japanese Steak & Sushi.

The company delivers an integrated service stack spanning commercial brokerage (retail, office, industrial leasing, sales, and tenant/landlord representation), professional property management with in-house maintenance and NNN administration, accounting and lease administration, property tax protest and consulting (including informal/formal hearings, abatements, and litigation), investment strategies targeting 12-20% investor IRR via value-add acquisitions, new development services, and residential brokerage. Underlying technology is a standard CRE platform: a website with property search and filters, e-forms for tenant inquiries, lease applications, maintenance, and showing requests, supplemented by email and social media outreach. There is no proprietary AI/ML, no mobile app, and no third-party API or SDK exposure. The firm manages roughly $200M+ in assets, including 420,000 sq ft of logistics warehouse and 200,000 sq ft of retail properties, and recorded combined lease and sales volume exceeding $230M over 2021-2023.

The business model is predominantly commission-based brokerage (transaction fees on completed deals) supplemented by recurring professional-services fees for property management, accounting, and tax consulting on multi-year contracts. Pricing is quote-based and not publicly disclosed. GTM is hybrid: direct field sales via leasing agents across the three offices, combined with a self-serve website and digital forms, plus social media and newsletter-driven lead generation. Recognition includes the 2019 U.S. Golden Eagle Award for Top Brokerage and Property Management Company. The firm has faced several legal actions in adjacent jurisdictions (some withdrawn), and is operationally active with 11-50 employees, no institutional funding, no subsidiaries, and no disclosed M&A activity.

Name

Propnex Realty

Legal name

PropNex Realty

Website

https://propnexusa.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

PropNex Realty is a privately held, founder-owned commercial and residential real estate brokerage founded in 2015 by David Wang, operating in Houston, Los Angeles, and Atlanta. It serves SMB commercial tenants, landlords, and investors—primarily within the Asian American business community—via brokerage, property management, accounting, and property tax consulting.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Brokerage

NAICS

Offices of Real Estate Agents and Brokers (53121), Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Special Purpose & Alternative Asset Brokerage (BPAJABAH)

Keywords

• Commercial real estate brokerage
• Property management services
• Residential real estate sales
• Property tax consulting
• Real estate investment advisory

Headquarters

HQ city

Katy

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Commercial Real Estate Brokerage: Commission-based brokerage services for commercial property sales and leases, including retail, office, and industrial properties. Revenue generated from transaction fees on completed deals.
2. Property Management Services: Ongoing property management services including tenant management, maintenance, financial reporting, and lease administration for commercial and residential properties.
3. Property Tax Protest Services: Property tax consulting and protest services, including informal/formal hearings, litigation, and abatement/exemption applications.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Propnex Realty is a full-service commercial and residential real estate brokerage that handles landlord representation, tenant representation, property acquisition, sale, and leasing across office, retail, and industrial property types in Houston, Los Angeles, and Atlanta. The firm bundles professional property management, in-house accounting, property tax protest consulting, and investment advisory services targeting 12-20% investor IRR, supported by a website listing portal and digital e-forms for tenant and lease applications.

Product overview

PropNex Realty operates as a comprehensive commercial and residential real estate agency offering an integrated suite of services. The core offerings include commercial real estate services (office, retail, and industrial property leasing and management), supported by property management with in-house accounting and maintenance capabilities. Additional modules include property tax protest consulting, investment strategy services targeting specific IRR targets, residential brokerage, and an E-forms digital platform for tenant and lease management. The company manages approximately 420,000 sq ft of logistics warehouse space and 200,000 sq ft of retail properties, with over $200 million in assets under management.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Real Estate Services Comprehensive commercial real estate brokerage services covering office, retail, and industrial properties across Houston, Los Angeles, and Atlanta markets, including landlord representation, tenant representation, property acquisition, sale, and leasing.
• Property Management Professional systematic property management service for commercial and residential properties, including an in-house maintenance crew, monthly property reports, annual summaries, NNN reconciliation, budget review, and complete lease administration.
• Accounting Services Standalone day-to-day accounting service covering accounts payable and receivable management, regularly published financial reports, maintenance of commercial tenant, vendor, and contractor files, and property tax and insurance coverage management for managed properties.
• Property Tax Protest Consulting Standalone property tax consulting and protest service covering informal and formal hearings, property tax litigation, abatements and exemptions, business personal property compliance, and tax bill review.
• Investment Strategies Investment advisory and deal sourcing service that sources acquisitions through analytics-driven criteria, including workforce housing with value-add, property acquisition, stabilization, and value-add services targeting 12-20% investor IRR and 1.5x-2.0x equity multiple.
• Residential Real Estate Services Residential brokerage service offering broker representation for home buyers and sellers, leasing representation for landlords and tenants, and purchase and sale brokerage for residential properties.
• New Development New commercial development service covering retail, office, and industrial property development projects in the firm's Houston and Los Angeles markets.

Quantifiable outcome

• Over $230 million in lease and sales volume (2021-2023)
• +2 more outcomes

Named customers11 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Colliers International: Global real estate services and investment management company with brokerage, property management, and valuation. Comparable commercial brokerage and management capability to PropNex at enterprise scale.
• CBRE Group: World's largest commercial real estate services firm, covering brokerage, property management, valuation, and investment sales. Overlaps with PropNex's full-service commercial offering, particularly in office, retail, and industrial.
• Cushman & Wakefield: Global commercial real estate services firm with brokerage, property management, and consulting across office, retail, and industrial. Comparable at the category level, though significantly larger and broader than PropNex.
• JLL (Jones Lang LaSalle): Global full-service commercial real estate firm offering brokerage, property management, and investment advisory. Comparable to PropNex across brokerage and management, but at vastly greater scale and breadth.

Direct peers

• Sperry Commercial Global Affiliates: National commercial real estate brokerage franchise covering investment sales, leasing, and property management. Closely comparable full-service commercial model to PropNex at the small/mid-market segment.
• NAI Global: Global commercial real estate brokerage network covering office, retail, industrial, and investment sales. Closely comparable brokerage and property management model to PropNex, though delivered through a franchised network.
• Newmark Group: US-focused commercial real estate services firm with strong office, industrial, and retail brokerage. Direct peer in commercial leasing and investment sales transaction brokerage.
• Marcus & Millichap: Large US commercial real estate investment sales brokerage with institutional and individual investor focus. Direct peer: both firms broker commercial investment property sales and lease transactions, with similar transaction-fee economics.
• SVN International Corp. Commercial real estate brokerage franchise with a shared-fee, collaborative model. Direct peer in commercial investment sales and leasing brokerage, particularly for mid-market owner/investor clients.

Emerging players

• eXp Commercial: Cloud-based commercial real estate brokerage affiliated with the eXp Realty agent network. Comparable brokerage model with lower overhead and a tech-forward agent experience, increasingly competing for the same small/mid-market deals as PropNex.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Propnex Realty