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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Investment properties
223 Main St La Porte, TX 77571-5103
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3878337
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1930
Construction
WOOD FRAME
Total area
3,432 SF
Lot
0.07 ac (3,123 SF)
APN
231750000006
UPID
US83-3878337
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$675k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$615k
Owner & transaction history
Leandro Suarez · 2 yrs held
Leandro Suarez
since 2023
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 La Porte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Porte 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%
$730,000
6.5%
$675,000
7%
$625,000
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$179 / 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
$2,240
Tax year 2022
Assessed value
$338,707
Assessed 2024
Previous assessed
$328,810
+3.0% YoY
Effective rate
0.66%
On assessed value
Assessed land
$25,000
Assessed improvement
$313,707
Land market value
$25,000
Improvement market value
$313,707
Total market value
$338,707
Applied tax rate
20.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1930
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
3,432 SF
Lot
0.07 ac (3,123 SF)
APN
231750000006
UPID
US83-3878337
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
Building & site characteristics
From public records
Year built
1930
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Leandro Suarez
Individual
Mailing address
213 W MAIN ST, LA PORTE, TX 77571-5103
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Dec 19, 2023
—
Leandro Suarez
Gordon B Westergren
Venders Lien
$175,000 · Gordon Westergren
Dec 14, 2023
—
Gordon B Westergren
Bw 223 Main LLC
Warranty Deed
—
Aug 31, 2021
—
Bw 223 Main LLC
Ew&kh LLC
Warranty Deed
—
Jul 20, 2018
—
Ew & Kh LLC
Gallington Ents LLC
Warranty Deed
$127,120 · Gallington Ents LLC
Oct 8, 2010
—
Gallington Ents LLC
Schlenk,robert A & Jeanne
Warranty Deed
$144,800 · Icon Bank Of Texas
Jun 25, 2003
—
Robert A Schlenk
Chase,neta K
Grant Deed
related
—
—
—
Gallington Ents LLC
—
Deed Of Trust
related
$200,000 · Icon Bk/tx NA
—
—
Gallington Ents LLC
—
Loan Modification
related
—
—
—
Gallington Ents LLC
—
Loan Modification
related
—
—
—
Robert A Schlenk
—
Deed Of Trust
related
$54,731 · Neta K Chase
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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