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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office buildings
11947 Nn Fwy Houston, TX 77060-1700
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2031705
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
60,480 SF
Lot
2.38 ac (103,716 SF)
APN
450530000011
UPID
US82-2031705
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
-
Greenspoint Investors Financial Advisor
-
Progresso Learning Training Center Tutoring Service
-
Friends of Down Syndrome High School
-
Progresso Learning North Campus Training Center Tutoring Service
-
SEOs Houston Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$572k
Blend (final)
Blend
$525k
Owner & transaction history
Fidencio Macias · 3 yrs held
Fidencio Macias
since 2023
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
$475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$315,000
Current use
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$9 / 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
$33,209
Tax year 2022
Assessed value
$3,731,627
Assessed 2024
Previous assessed
$2,858,248
+30.6% YoY
Effective rate
0.89%
On assessed value
Assessed land
$726,026
Assessed improvement
$3,005,601
Land market value
$726,026
Improvement market value
$3,005,601
Total market value
$3,731,627
Applied tax rate
9.0000
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
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Status
Off-Market
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
6
Total area
60,480 SF
Lot
2.38 ac (103,716 SF)
APN
450530000011
UPID
US82-2031705
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
$315,000
OFFICE BUILDING Current
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
6
Buildings
1
Lot
2.38 ac
Current owner
From public records · entity-resolved
Fidencio Macias
Individual
Mailing address
11007 ROSEWOOD CT, LA PORTE, TX 77571-4473
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2023
—
Fidencio Macias
Contender Two LLC
Venders Lien
$2,500,000 · Not Available
May 28, 2019
—
Holloway Lodging LLC
Bh Sam Houston LLC
Grant Deed
related
—
May 22, 2018
—
Bh Sam Houston LLC
Bh Capital Ventures LLC
Quit Claim Deed
related
—
Dec 27, 1996
—
Greenspoint Self Storage LP
—
Deed Of Trust
related
$1,400,000 · Marek Brothers Psp & Trust
—
—
Greenspoint Investors Ltd
—
Loan Modification
related
$2,000,000 · Patriot Bk
—
—
Greenspoint Investors Ltd
—
Loan Modification
related
$1,971,891 · Patriot Bk
—
—
Greenspoint Investors Ltd
—
Deed Of Trust
related
—
—
—
Greenspoint Investors Ltd
—
Deed Of Trust
related
$2,437,562 · Patriot Bank NA
—
—
Greenspoint Investors Ltd
—
Loan Modification
related
$1,951,166 · Patriot Bk
—
—
Greenspoint Investors Ltd
—
Loan Modification
related
$3,000,000 · Patriot Bank NA
—
—
Greenspoint Investors Ltd
—
Loan Modification
related
$3,000,000 · Patriot Bank NA
—
—
Greenspoint Investors Ltd
—
Deed Of Trust
related
$2,000,000 · Patriot Bank NA
—
—
Greenspoint Investors Ltd
—
Deed Of Trust
related
$3,000,000 · Patriot 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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