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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Warehouses
1124 Hackney St Houston, TX 77023-3312
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-6071996
Property summary
AI-generated overview
This exceptional 850-square-foot office space, located at 1124 Hackney Street, Suite A, Houston, Texas 77023, in Harris County, presents a fantastic opportunity for a single tenant. The property is classified as a Traditional Office, Executive Office, Coworking, and Creative Office space, offering versatility for various business needs. The layout includes three rooms, a reception area, and two separate private offices, providing ample space for both individual work and collaborative efforts. Two bathrooms are conveniently located within the suite. Ample parking is available for tenants and their clients. The building's location offers easy access to various amenities and transportation routes within Houston. The landlord owns the adjacent warehouse building. This well-maintained office suite is ready for immediate occupancy and provides a professional and functional workspace. The property is a single-tenant occupancy.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2012
Construction
STEEL FRAME
Total area
5,928 SF
Lot
0.64 ac (27,992 SF)
APN
1334060010001
UPID
US82-6071996
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
-
Lokring Warehouse & Storage
-
Textool Co Inc Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$517k
Blend (final)
Blend
$535k
Owner & transaction history
Laudrup Enterprises LLC · 2 yrs held
Laudrup Enterprises LLC
since 2023
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$865,000
+167.5%
Auto repair, garage
$630,000
+94.4%
Office building
$590,000
+82.4%
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
$415,000
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$670,000
7%
$625,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$325,000
Current use
COMMERCIAL (GENERAL)
$865,000
Change: +168% · Conversion: Difficult
AUTO REPAIR, GARAGE
$630,000
Change: +94% · Conversion: Easy
OFFICE BUILDING
$590,000
Change: +82% · Conversion: Difficult
RESTAURANT
$560,000
Change: +74% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$480,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$465,000
Change: +43% · Conversion: Moderate
MEDICAL BUILDING
$380,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$90 / 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
$19,692
Tax year 2023
Assessed value
$1,250,906
Assessed 2024
Previous assessed
$1,250,906
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$279,920
Assessed improvement
$970,986
Land market value
$279,920
Improvement market value
$970,986
Total market value
$1,250,906
Applied tax rate
1.0000
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
2012
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
3
Total area
5,928 SF
Lot
0.64 ac (27,992 SF)
APN
1334060010001
UPID
US82-6071996
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
$325,000
COMMERCIAL (GENERAL)
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$630,000
OFFICE BUILDING
Est. value
$590,000
RESTAURANT
Est. value
$560,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$480,000
RETAIL STORES
Est. value
$465,000
MEDICAL BUILDING
Est. value
$380,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
MEDICAL BUILDING
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
STEEL FRAME
Heating
NONE
Cooling
Yes
Buildings
3
Lot
0.64 ac
Current owner
From public records · entity-resolved
Laudrup Enterprises LLC
Entity
Mailing address
1124 HACKNEY ST, HOUSTON, TX 77023-3312
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2023
—
Laudrup Enterprises LLC
Cb Leasing INC
Venders Lien
$1,050,000 · Wells Fargo Bank NA
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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