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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
High-rise multifamily apartments
1625 Main St 336 Houston, TX 77002-7536
Entity Owned
6-yr Hold
Free & Clear
Property ID
US82-5289930
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2013
Construction
BRICK
Total area
14,499 SF
Lot
1.43 ac (62,500 SF)
APN
20680000006
UPID
US82-5289930
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
-
Oppseek Vocational School Training Center
-
Sojourn De Nails Nail Salon
-
SoDo on Main Real Estate Agency
-
Hot Coffee Digital Marketing Advertising Agency Marketing & Advertising
-
Your Pie Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$402k
Blend (final)
Blend
$510k
Owner & transaction history
Spus9 Hstn North Tower LP · 6 yrs held
Spus9 Hstn North Tower LP
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$500,000
+194.9%
Neighborhood: shopping center
$400,000
+136.4%
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 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
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$500,000
Change: +195% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$400,000
Change: +136% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$35 / 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
$1,482,977
Tax year 2022
Assessed value
$65,951,719
Assessed 2024
Previous assessed
$73,603,772
-10.4% YoY
Effective rate
2.25%
On assessed value
Assessed land
$15,625,000
Assessed improvement
$50,326,719
Land market value
$15,625,000
Improvement market value
$50,326,719
Total market value
$65,951,719
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2013
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
8
Stories
23
Total area
14,499 SF
Lot
1.43 ac (62,500 SF)
APN
20680000006
UPID
US82-5289930
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
Est. value
$500,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$400,000
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2013
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
23
Buildings
8
Lot
1.43 ac
Current owner
From public records · entity-resolved
Spus9 Hstn North Tower LP
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 638, ADDISON, TX 75001-0638
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2019
—
Spus9 Hstn North Tower LP
Skyhouse Houston LLC
Quit Claim Deed
related
—
Sep 17, 2012
—
Block 350 E & E LLC
—
Deed Of Trust
related
$3,400,000 · Texas Community Bank & Trust
Apr 5, 2012
—
Block 350 E & E LLC
—
Deed Of Trust
related
$3,400,000 · Texas Community Bank & Trust
Dec 7, 2011
—
Block 350 E & E LLC
—
Deed Of Trust
related
$3,400,000 · Texas Community Bank & Trust
Oct 12, 2011
—
Block 350 E & E LLC
—
Loan Modification
related
$3,400,000 · Texas Community Bank & Trust
Feb 1, 2005
—
Block 350 E & E LLC
Fc Properties Six Ltd
Grant Deed
$3,400,000 · Royal Oaks Bank Ssb
Mar 26, 1998
—
Fc Properties Six Ltd
Richland Ltd
Grant Deed
$678,809 · Fc Properties Ltd
—
—
Block 350 E & E LLC
—
Deed Of Trust
related
$275,000 · David G Eller
—
—
Joseph John JR.
—
Deed Of Trust
related
$240,000 · Hunter Financial Group LLC
—
—
Spus9 Hstn North Tower LP
—
Deed Of Trust
related
$96,548,000 · Cbre Cap Markets
—
—
Block 350 E & E LLC
—
Deed Of Trust
related
$3,400,000 · Texas Community Bank & Trust
—
—
Block 350 E & E LLC
—
Deed Of Trust
related
$3,400,000 · Texas Community Bank & Trust
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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