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Property profile & analytics
OFF-MARKET
Estimated value
$8,925,000
Grocery and convenience stores
1701 Alabama St Houston, TX 77098-2807
Entity Owned
6-yr Hold
Free & Clear
Property ID
US82-6259248
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2011
Construction
BRICK
Total area
80,399 SF
Lot
6.65 ac (289,761 SF)
APN
1327190010002
UPID
US82-6259248
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
-
Shannon Baker Pharmacy
-
Coinme at Coinstar - Bitcoin Kiosk Atm Kiosk
-
Coin Cloud Bitcoin ATM Atm Currency Exchange Service
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
-
H-E-B Wellness Nutrition Services Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.93M
Blend (final)
Blend
$8.93M
Owner & transaction history
Montrose Collective Owner LP · 6 yrs held
Montrose Collective Owner LP
since 2020
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.3M
+57.5%
Auto repair, garage
$7.5M
+14.9%
Restaurant
$7.3M
+12.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,530,000
Current use
COMMERCIAL (GENERAL)
$10,290,000
Change: +57% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,505,000
Change: +15% · Conversion: Difficult
RESTAURANT
$7,340,000
Change: +12% · Conversion: Easy
WAREHOUSE, STORAGE
$6,260,000
Change: -4% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,870,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$8.93M
Range $8.03M – $9.82M · ±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
$111 / 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
$834,315
Tax year 2022
Assessed value
$41,957,187
Assessed 2024
Previous assessed
$41,409,116
+1.3% YoY
Effective rate
1.99%
On assessed value
Assessed land
$33,322,515
Assessed improvement
$8,634,672
Land market value
$33,322,515
Improvement market value
$8,634,672
Total market value
$41,957,187
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2011
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Total area
80,399 SF
Lot
6.65 ac (289,761 SF)
APN
1327190010002
UPID
US82-6259248
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
$6.5M
COMMERCIAL (GENERAL)
Est. value
$10.3M
AUTO REPAIR, GARAGE
Est. value
$7.5M
RESTAURANT
Est. value
$7.3M
WAREHOUSE, STORAGE
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.9M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
2011
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Lot
6.65 ac
Current owner
From public records · entity-resolved
Montrose Collective Owner LP
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 839999, SAN ANTONIO, TX 78283-3999
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2020
—
Montrose Collective Owner LP
Montrose Collective LP
Quitclaim Deed
related
—
Jul 18, 2014
—
Montrose Real Estate Ptrs Ltd
Texas Abercrombie Family Inter
Warranty Deed
related
—
Mar 1, 2010
—
Texas Abercrombie Fam Interest
Alabama & Dunlavy Ltd
Warranty Deed
$13,595,636 · Adam Acquisition Corp
Feb 2, 2006
—
Alabama & Dunlavy Ltd
Flat Stone II Ltd
Warranty Deed
$10,742,000 · Amegy Bank NA
—
—
Texas Abercrombie Family Inter
—
Loan Modification
related
$19,899,330 · Wells Fargo Bank Northwest NA
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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