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    Property profile & analytics

    1314 Texas St, Unit 226 Houston, TX 77002-3512

    • Hotels
    • 178,688 SF
    • 0.85 lot acres
    OFF-MARKET
    Value Estimations
    $785,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2367901
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bonnie Fitch Law Office / Law Firm
    • Allen L Adkins & Associates PC / Law Firm
    • Chimielowiec & Associates / Law Firm
    • The Rig Restaurant & Bar / Restaurant
    • Crews Jeffrey MD / Physician

    Property Details for 1314 Texas St

    Year built
    1926
    Construction
    BRICK
    Lot size
    0.85 lot acres
    Property size
    178,688 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    10720000015
    APU
    10720000015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $990,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $582,000
      Market price range: $406k - $1.00M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $700,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3597
    Latitude
    29.7577
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $372,725
    $9,295,000
    $11,304,736
    $20,599,736
    -
    $9,295,000
    $11,304,736
    $20,599,736

    Comparable in this City

    • Value Estimation
      $730,000
      150,100 SF

      723 Main St, Unit 195

      HOTEL/MOTEL • 150,100 SF
      723 Main St, Houston, TX 77002-3311
      View Details
    • Value Estimation
      $1,645,000
      954,384 SF

      1200 Louisiana St, Unit 955

      HOTEL/MOTEL • 954,384 SF
      1200 Louisiana St, Houston, TX 77002-5209
      View Details
    • Value Estimation
      $795,000
      280,650 SF

      400 Dallas St, Unit 350

      HOTEL/MOTEL • 280,650 SF
      400 Dallas St, Houston, TX 77002-4703
      View Details
    • Value Estimation
      $805,000
      245,800 SF

      1100 Texas St, Unit 314

      HOTEL/MOTEL • 245,800 SF
      1100 Texas St, Houston, TX 77002-3114
      View Details
    • Value Estimation
      $810,000
      196,227 SF

      1070 Dallas St, Unit 223

      HOTEL/MOTEL • 196,227 SF
      1070 Dallas St, Houston, TX 77002-6305
      View Details
    • Value Estimation
      $1,010,000
      224,914 SF

      806 Main St, Unit 328

      HOTEL/MOTEL • 224,914 SF
      806 Main St, Houston, TX 77002-6103
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Hotel Notes for Sale

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      1000 Texas St, Houston, TX 77002
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      4,766 SF

      Office Building For Sale

      Office building with 4766 square feet available for sale.
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      8,888 SF

      Office Building Near Museum District

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      Retail Space in Houston, TX

      20,000 square foot retail space available in Houston, TX.
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      15,625 SF

      Main Street Retail Opportunity

      Retail property with frontage on Main and Webster Street.
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    • Contact for pricing
      5,905 SF

      Retail Space Available For Lease

      Retail space available for lease in Houston, TX.
      217 Gray St, Houston, TX 77002
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    Similar Nearby for Lease

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      Midtown Three-Story Office Building

      Second-generation office building in Midtown with gated parking.
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      Retail Space Near Laura Hotel

      Retail space available next to the newly renovated Laura Hotel.
      1070 Dallas St, Houston, TX 77002
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      Downtown Houston Retail/Office Building

      Two-story retail/office building in Houston's Historic Downtown.
      421 Fannin St, Houston, TX 77002
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      124,772 SF

      Downtown Office Space with Amenities

      Office space with conferencing center and tunnel access to amenities.
      1001 Louisiana St, Houston, TX 77002
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    • Contact for pricing
      26,846 SF

      Downtown Office Space Available

      Office space for rent with updated amenities in Houston.
      811 Main St, Houston, TX 77002
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    • Contact for pricing

      Downtown Houston Specialty Property

      Specialty property available for rent in downtown Houston.
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      View Details
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    1314 Texas St, Unit 226
    Houston, TX 77002-3512
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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