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Property profile & analytics
FOR SALE
Commercial real estate
2016 Main St Houston, TX 77002
Entity Owned
2-yr Hold
Property ID
US82-0520125
For Sale
1 / 17
$1,430,000
2016 Main St, Houston, TX 77002
View Listing →
Property summary
AI-generated overview
If you like being in the middle of everything, and close to building amenities, this one is for you. Unit opens onto deck with remodeling completed 5/25. Offers pool with built-in hot tub, 3 grills, and fire pit. Gym, party room and lounge all just steps away. Unit renovated to the studs in 2015. Windows/glass doors replaced with commercial grade, 3-ply laminated glass with heavy weather stripping. Additional upgrades include kitchen & bathroom renovation, raised living room ceiling, new electrical panel, installation of sprinklers, granite countertops & real wood floors. Great closet space. Vending area in garage. Amazon Hub, ATM on 1st floor. 5th floor laundry room. Located ON the light rail. Near Texas Medical Center, Hermann Park, Museum District, midtown/downtown parks/dog parks, eateries, theaters, shopping, etc. Bayou running/cycling paths nearby. Close to Universities. Storage locker in basement. One conveniently located assigned parking space in the basement.
Property profile
Verified
Property type
Commercial real estate
Year built
1965
UPID
US82-0520125
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
-
Changing Images Hair Salon
-
Law Office of Greg Tsioros Law Firm
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James Randall Smith Law Firm
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Allen C Isbell Law Firm
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R.Clark Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
3 T Hospitality Group LLC · 2 yrs held
3 T Hospitality Group LLC
since 2024
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
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
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
Commercial real estate
Status
For Sale
Year built
1965
UPID
US82-0520125
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
1965
Current owner
From public records · entity-resolved
3 T Hospitality Group LLC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2024
—
3t Hospitality Group LLC
—
Deed
related
$200,000 · Jerry Dixin He
Apr 10, 2024
—
3 T Hospitality Group LLC
Mendoza Home Builders LLC
Deed
related
—
Jan 30, 2023
—
3t Hospitality Group LLC
Main Stk LLC
Deed
$500,000 · Mia Yan
Dec 19, 2022
—
2016 Main St Trust
Harris County
Deed
—
Oct 25, 2022
—
Springer Investments LLC
Springer Investments LLC
Deed
related
—
Jul 22, 2022
—
Robert L Woods
William D Mccullough
Warranty Deed
—
Aug 31, 2021
—
Springer Investments LLC
Main St K LLC
Deed
$225,000 · Main Stk LLC
Aug 26, 2021
—
Main Stk LLC
2016 Main Owners Association INC
Deed
related
—
Jun 2, 2021
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2016 Main Owners Association INC
Main Stk LLC
Deed
—
Oct 22, 2020
—
Creators Guild LLC
Elbar Investments INC
Grant Deed
$52,500 · Sozo Capital INC
Aug 12, 2020
—
Main Stk LLC
—
Deed
related
$26,469 · Ban Nha LLC
Feb 24, 2020
$60,200
Elbar Investments INC
Bernard Gary|dhi Holdings
Deed
—
Nov 4, 2019
—
Robert Leroy Woods
—
Deed
related
$250,000 · Frost Bank
Jul 12, 2019
—
Roy S Gilligan
Rousseau,lawrence A
Warranty Deed
related
—
Jun 18, 2019
—
2016 Main Owners Assn INC
Suniverse LLC
Grant Deed
related
—
Dec 7, 2018
$124,640
Main Stk LLC
Elrod Chad|escapehouston
Trust Deed
—
Oct 12, 2018
—
Mak Solida
Su,young
Grant Deed
related
—
Sep 5, 2018
—
2016 Main Owners Assn INC
Bernard Gary
Grant Deed
related
—
Mar 15, 2018
—
Robert L Woods
—
Deed
related
$200,000 · Compass Fsb
Jan 8, 2018
$125,000
Suniverse LLC
Boyd S Scott|retail At 2016 Main LLC
Trust Deed
—
Dec 21, 2017
—
Robert L Woods
Mccullough,william D & Marie H
Warranty Deed
$50,000 · William D & Marie H Mccullough
Oct 4, 2017
—
2016 Main Owners Assn INC
Bernard Gary|retail At 2016 Main LLC
Trust Deed
related
—
Dec 29, 2016
—
Retail At 2016 Main LLC
2016 Main St HOA Trust
Quitclaim Deed
related
$113,250 · 2016 Main St HOA Trust (ct)
May 23, 2016
$55,000
Dhi Holdings
Constable Of Harris County|xsv Industries LLC
Trust Deed
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.
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