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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Office buildings
2101 Smith St Houston, TX 77002-8728
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-4132514
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Construction
CONCRETE BLOCKS
Total area
15,441 SF
Lot
0.54 ac (23,435 SF)
APN
152370000001
UPID
US83-4132514
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
-
Cole Cutz Llc Barber Shop
-
Tanelas Tanning Salon
-
The Mane Allure Hair Salon
-
Hairjuana Styles Hair Salon
-
Black Dog Tattoo Co. Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$779k
Blend (final)
Blend
$635k
Owner & transaction history
Smith St Office LLC · 8 yrs held
Smith St Office LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$985,000
+85.3%
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
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$530,000
Current use
MEDICAL BUILDING
$985,000
Change: +85% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$425,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$41 / 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
$66,149
Tax year 2022
Assessed value
$2,996,867
Assessed 2024
Previous assessed
$3,283,161
-8.7% YoY
Effective rate
2.21%
On assessed value
Assessed land
$1,757,775
Assessed improvement
$1,239,092
Land market value
$1,757,775
Improvement market value
$1,239,092
Total market value
$2,996,867
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
1962
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
15,441 SF
Lot
0.54 ac (23,435 SF)
APN
152370000001
UPID
US83-4132514
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
$530,000
MEDICAL BUILDING
Est. value
$985,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$425,000
OFFICE BUILDING Current
MEDICAL 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
1962
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Smith St Office LLC
Entity
Mailing address
1600 WW LOOP S STE #900, HOUSTON, TX 77027-3050
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2017
—
Smith St Office LLC
Midtown Smith Street LLC
Quit Claim Deed
related
$3,380,000 · Independent Bk
Aug 30, 2013
—
Midtown Smith Street LLC
2101 Smith LP
Warranty Deed
related
—
Aug 2, 2007
—
2101 Smith
Urban Midtown
Grant Deed
related
—
—
—
Smith St Office LLC
—
Deed Of Trust
related
$4,603,717 · Independent Bk
—
—
2101 Smith
—
Deed Of Trust
related
$2,500,000 · Principal Commercial Funding
—
—
Midtown Smith Street LLC
—
Deed Of Trust
related
$1,200,000 · Icon Bk/tx NA
—
—
Midtown Smith Street LLC
—
Deed Of Trust
related
$1,300,000 · Icon Bk/tx NA
—
—
Urban Midtown
—
Deed Of Trust
related
$2,000,000 · Wachovia Bank 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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