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Property profile & analytics
FOR LEASE
Strip malls
2117 Chenevert St Houston, TX 77003
Individually Owned
27-yr Hold
~
Est. High Equity
Property ID
US82-1017559
For Lease
1 / 2
$24 SF/Yr
2117 Chenevert St, Houston, TX 77003
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
STEEL FRAME
Total area
22,764 SF
Lot
0.66 ac (28,697 SF)
APN
21510000007
UPID
US82-1017559
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
-
Midtown Chiropractic & Rehab Alternative Medicine Practice
-
Abacus Bail Bonds Law Firm
-
phoeberourke Photography Service (Bike/Boat/Book/etc) Store
-
TikTok Burger Restaurant
-
Fastest Labs of Central Houston Drug Testing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$468k
Blend (final)
Blend
$525k
Owner & transaction history
Webster-chenevert Ltd · 27 yrs held
Webster-chenevert Ltd
since 1999
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
Method
Estimation
Statistic approach
by Request
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$630,000
Current use
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$23 / 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
$47,601
Tax year 2022
Assessed value
$2,406,862
Assessed 2024
Previous assessed
$2,362,538
+1.9% YoY
Effective rate
1.98%
On assessed value
Assessed land
$1,865,240
Assessed improvement
$541,622
Land market value
$1,865,240
Improvement market value
$541,622
Total market value
$2,406,862
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
22,764 SF
Lot
0.66 ac (28,697 SF)
APN
21510000007
UPID
US82-1017559
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$630,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Webster-chenevert Ltd
Individual
Mailing address
PO BOX 1383, HOUSTON, TX 77251-1383
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2018
—
Webster-chenevert Ltd
—
Deed
related
$450,000 · Trustmark Nat'l Bk
Apr 15, 1999
—
Webster-chenevert Ltd
Bcc Reo LLC
Grant Deed
$304,080 · First National Bank
Dec 29, 1998
—
Pham,albert C
Bbc Reo LLC
Trustees Deed
related
—
Feb 25, 1997
—
Bcc Reo LLC
Chrysler First Business Credit
Grant Deed
related
—
—
—
Webster-chenevert Ltd
—
Deed Of Trust
related
$138,000 · Trustmark National Bank
—
—
Webster-chenevert Ltd
—
Loan Modification
related
$192,003 · Trustmark Nat'l Bk
—
—
Webster-chenevert Ltd
—
Deed Of Trust
related
$400,000 · Trustmark Nat'l Bk
—
—
Webster-chenevert Ltd
—
Deed Of Trust
related
$450,000 · Trustmark Nat'l Bk
—
—
Webster-chenevert Ltd
—
Deed Of Trust
related
$250,000 · Republic National Bank Miami
—
—
Webster-chenevert Ltd
—
Deed Of Trust
related
$82,357 · Trustmark National Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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