Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Retail space
1314 College Ave South Houston, TX 77587-5404
Individually Owned
Free & Clear
Property ID
US82-0420476
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1964
Construction
METAL FRAME
Total area
8,265 SF
Lot
0.33 ac (14,201 SF)
APN
340090160008
UPID
US82-0420476
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
-
Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$856k
Blend (final)
Blend
$855k
Owner & transaction history
Vernon Douglas Tome
Vernon Douglas Tome
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+38.1%
Auto repair, garage
$1.2M
+34.4%
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 South Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$855,000
Current use
OFFICE BUILDING
$1,180,000
Change: +38% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,150,000
Change: +34% · Conversion: Difficult
RESTAURANT
$755,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$103 / 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
$6,246
Tax year 2022
Previous assessed
$506,203
Applied tax rate
21.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1964
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
8,265 SF
Lot
0.33 ac (14,201 SF)
APN
340090160008
UPID
US82-0420476
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
RETAIL STORES Current
Est. value
$855,000
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RESTAURANT
Est. value
$755,000
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
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
1964
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Vernon Douglas Tome
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 971043, OREM, UT 84097-1043
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2025
—
Vernon Douglas Tome
Vernon Douglas Tome
Deed
related
—
Aug 16, 2019
—
Margaret Codding
Shaw Janet W Trust
Warranty Deed
related
—
Nov 17, 2006
—
Shaw Janet W Trust
Shaw,janet
Quit Claim Deed
related
—
Nov 2, 2006
—
Greater Niagara LLC
Francis,mark & Diane
Grant Deed
related
—
Sep 28, 2006
—
Jensen Family Trust
Jensen,jeffery L & Vicki L
Quit Claim Deed
related
—
Jun 8, 2006
—
Jp Properties LLC
Realtynet Advisors INC
Grant Deed
—
Apr 3, 2006
—
Jeffery L Jensen
Realtynet Advisors INC
Grant Deed
related
—
Mar 2, 2006
—
Vernon D Tome
Realtynet Advisors INC
Grant Deed
related
—
Mar 1, 2006
—
Donald K Robinson
Realtynet Advisors INC
Grant Deed
related
—
Feb 9, 2006
—
Realtynet Advisors INC
Ti Jackson
Grant Deed
related
—
Oct 19, 2005
—
Jackson Ti
Linares,juan A
Grant Deed
$580,000 · Sterling Bank
Aug 5, 2005
—
Juan A Linares
—
Trustees Deed
related
$10,000 · Pearland State Bank
Nov 18, 2004
—
Juan A Linares
—
Trustees Deed
related
$8,000 · Pearland State Bank
May 18, 2004
—
Juan A Linares
Fleming,george D & Sally A
Warranty Deed
$54,579 · Pearland State Bank
—
—
Juan A Linares
—
Deed Of Trust
related
$70,260 · Pearland State Bank
—
—
Juan A Linares
—
Deed Of Trust
related
$5,000 · Pearland State Bank
—
—
Juan A Linares
—
Deed Of Trust
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1314 College Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
