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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Office buildings
101 Strang Rd La Porte, TX 77571-7523
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-5609964
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,254 SF
Lot
10 ac (435,600 SF)
APN
642220000068
UPID
US82-5609964
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
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$607k
Blend (final)
Blend
$545k
Owner & transaction history
Gis Properties-houston LLC · 15 yrs held
Gis Properties-houston LLC
since 2010
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$725,000
+61.7%
Restaurant
$615,000
+37.1%
Retail stores
$570,000
+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 La Porte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Porte 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
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$450,000
Current use
AUTO REPAIR, GARAGE
$725,000
Change: +62% · Conversion: Difficult
RESTAURANT
$615,000
Change: +37% · Conversion: Moderate
RETAIL STORES
$570,000
Change: +27% · Conversion: Moderate
MEDICAL BUILDING
$480,000
Change: +7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$370,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$75 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$21,025
Tax year 2022
Assessed value
$3,077,079
Assessed 2024
Previous assessed
$3,086,042
-0.3% YoY
Effective rate
0.68%
On assessed value
Assessed land
$1,306,800
Assessed improvement
$1,770,279
Land market value
$1,306,800
Improvement market value
$1,770,279
Total market value
$3,077,079
Applied tax rate
20.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
7,254 SF
Lot
10 ac (435,600 SF)
APN
642220000068
UPID
US82-5609964
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
OFFICE BUILDING Current
Est. value
$450,000
AUTO REPAIR, GARAGE
Est. value
$725,000
RESTAURANT
Est. value
$615,000
RETAIL STORES
Est. value
$570,000
MEDICAL BUILDING
Est. value
$480,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$370,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
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
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
10 ac
Current owner
From public records · entity-resolved
Gis Properties-houston LLC
Entity
Mailing address
3150 LENOX PARK BLVD STE #312, MEMPHIS, TN 38115-4261
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Jan 22, 2021
—
Gis Properties-houston LLC
—
Deed
related
$601,058 · First Horizon Bk
Jan 14, 2021
—
Gis Properties-houston LLC
—
Deed
related
$1,710,000 · First Horizon Bk
Dec 19, 2011
—
Gis Properties-houston LLC
—
Deed Of Trust
related
$1,303,500 · First Tn Bk
Dec 7, 2010
—
Gis Properties-houston LLC
Penton Investment LLC
Grant Deed
$1,710,000 · First Tn Bk
—
—
Gis Properties-houston LLC
—
Loan Modification
related
$1,710,000 · First Horizon Bk
—
—
Gis Properties-houston LLC
—
Loan Modification
related
$601,058 · First Horizon 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.
Try Rey
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