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Property profile & analytics
OFF-MARKET
Office buildings
1203 Durham Dr, Houston, TX 77008-6522
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US83-4237385
Property summary
AI-generated overview
This single-tenant property, totaling 2,601 square feet, is situated on a 0.15-acre lot at 1203 N Durham Dr in Houston, Texas, zip code 77008. Built in 2008, this one-story building offers versatile space suitable for traditional, executive, or creative office uses, as well as retail. The property is entirely vacant and presents a unique opportunity in the thriving Heights area. Its prime location provides excellent visibility and accessibility, benefiting from the area's vibrant mix of commercial and residential activity and strong community presence. This makes it an ideal location for businesses seeking to capitalize on the Heights' growth and establish a presence in one of Houston's most desirable neighborhoods. Harris County location adds to its appeal. The property's single-tenant occupancy simplifies management and offers flexibility for future development.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
METAL FRAME
Total area
2,636 SF
Lot
0.15 ac (6,451 SF)
APN
582430020005
UPID
US83-4237385
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
-
Mainland Construction Inc. Construction Company General Contractor
-
Val Glitsch Architect Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pf Industries LLC
Pf Industries LLC
since 2025
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$13,835
Tax year 2022
Assessed value
$697,119
Assessed 2024
Previous assessed
$686,651
+1.5% YoY
Effective rate
1.98%
On assessed value
Assessed land
$645,000
Assessed improvement
$52,119
Land market value
$645,000
Improvement market value
$52,119
Total market value
$697,119
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
2,636 SF
Lot
0.15 ac (6,451 SF)
APN
582430020005
UPID
US83-4237385
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
Building & site characteristics
From public records
Year built
2008
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Pf Industries LLC
Entity
Mailing address
8920 MONUMENT OAK, BOERNE, TX 78015-6525
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2025
—
Pf Industries LLC
Gl Inman Properties LP
Deed
$728,000 · Frost Bank
May 20, 2008
—
Glitsch-inman Properties
Inman,gary L
Quit Claim Deed
related
—
Sep 11, 2007
—
Gary L Inman
Denike,dale J
Warranty Deed
related
—
—
—
Glitsch-inman Properties LP
—
Deed Of Trust
related
$245,000 · J P Morgan Chase Bank
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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