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Property profile & analytics
FOR LEASE
Office buildings
1600 Smith St Houston, TX 77002
Individually Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-1051286
For Lease
1 / 3
$20,260,000
1600 Smith St, Houston, TX 77002
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,227,182 SF
Lot
4.43 ac (192,984 SF)
APN
943650000001
UPID
US82-1051286
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
-
Paradise Gifts #3 Grocery & Convenience Store
-
John S Torigian PC Law Firm
-
Car Butler Inc Car Wash
-
ATM Chevron Federal Credit Union Atm Credit Union
-
Zipcar Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.26M
Owner & transaction history
Texas Trizec Cs · 21 yrs held
Texas Trizec Cs
since 2004
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$17 / 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
$4,136,129
Tax year 2022
Assessed value
$155,459,413
Assessed 2024
Previous assessed
$205,286,204
-24.3% YoY
Effective rate
2.66%
On assessed value
Assessed land
$82,895,200
Assessed improvement
$72,564,213
Land market value
$82,895,200
Improvement market value
$72,564,213
Total market value
$155,459,413
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
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Status
For Lease
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
1,227,182 SF
Lot
4.43 ac (192,984 SF)
APN
943650000001
UPID
US82-1051286
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
4.43 ac
Current owner
From public records · entity-resolved
Texas Trizec Cs
Individual
Mailing address
127 PUBLIC SQ #3150, CLEVELAND, OH 44114-1217
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2016
—
One Allen Center Co LLC
—
Deed
related
$425,000,000 · Wells Fargo Bk
May 13, 2011
—
1600 Smith Co LLC
—
Deed Of Trust
related
$650,000,000 · Wells Fargo Bank
Sep 24, 2004
—
Texas Trizec Cs
Trizechahn Colony Sq Gp LLC
Quit Claim Deed
related
$1,440,000,000 · Trizechahn Office Prop Tr (tr)
May 12, 2000
—
Roslind W Newton
Centamark Custom Homes LLC
Grant Deed
$405,000 · American Bank
—
—
Smith Street Venture 1600
—
Deed Of Trust
related
$58,000,000 · Connecticut General Life Ins
—
—
1600 Smith Co LLC
—
Loan Modification
related
—
—
—
One Allen Center Co LLC
—
Loan Modification
related
$425,000,000 · Wells Fargo Bk
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?”
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