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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Office buildings
2020 Mckinney St Houston, TX 77003-3529
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4461448
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
CONCRETE BLOCKS
Total area
12,296 SF
Lot
0.98 ac (42,632 SF)
APN
1249620010001
UPID
US82-4461448
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
-
2020 McKinney St Parking Parking Lot & Garage
-
ParkHouston City Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$890k
Blend (final)
Blend
$765k
Owner & transaction history
Orangestone Mckinney LLC · 11 yrs held
Orangestone Mckinney LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+77.2%
Apartment house (5+ units)
$1.0M
+66.7%
Retail stores
$890,000
+44.4%
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
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$615,000
Current use
RESTAURANT
$1,095,000
Change: +77% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,030,000
Change: +67% · Conversion: Easy
RETAIL STORES
$890,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$785,000
Change: +27% · Conversion: Easy
WAREHOUSE, STORAGE
$545,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$62 / 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
$70,984
Tax year 2022
Assessed value
$4,480,577
Assessed 2024
Previous assessed
$3,523,130
+27.2% YoY
Effective rate
1.58%
On assessed value
Assessed land
$3,410,400
Assessed improvement
$1,070,177
Land market value
$3,410,400
Improvement market value
$1,070,177
Total market value
$4,480,577
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
OFFICE BUILDING
Status
Off-Market
Year built
1984
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
12,296 SF
Lot
0.98 ac (42,632 SF)
APN
1249620010001
UPID
US82-4461448
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 Current
Est. value
$615,000
RESTAURANT
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
RETAIL STORES
Est. value
$890,000
MEDICAL BUILDING
Est. value
$785,000
WAREHOUSE, STORAGE
Est. value
$545,000
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1984
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Orangestone Mckinney LLC
Entity
Mailing address
2420 GARNETFIELD LN, FRIENDSWOOD, TX 77546-4668
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2020
—
Orangestone Mckinney LLC
—
Deed
related
$1,915,920 · Independent Bk
Dec 12, 2019
—
Orangestone Mckinney LLC
—
Deed
related
$1,938,069 · Independent Bk
Nov 3, 2014
—
Orangestone Mckinney LLC
2020 Mckinney LLC
Warranty Deed
$2,240,000 · Independent Bk
Mar 25, 2011
—
2020 Mckinney LLC
Levan Properties LP
Grant Deed
$2,215,000 · Redstone Group Ltd
Aug 25, 2006
—
Levan Properties
—
Deed Of Trust
related
$6,500,000 · Wachovia Bank NA
Oct 14, 2005
—
Levan Properties
—
Deed Of Trust
related
$6,500,000 · Wachovia Bank NA
—
—
Levan Properties
—
Deed Of Trust
related
$1,000,000 · Wachovia Bank NA
—
—
Orangestone Mckinney LLC
—
Loan Modification
related
$1,938,069 · Independent Bk
—
—
Orangestone Mckinney LLC
—
Loan Modification
related
$1,915,920 · Independent 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.
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