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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office buildings
2301 Portsmouth St, Houston, TX 77098-3901
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-0443294
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2011
Construction
METAL FRAME
Total area
7,216 SF
Lot
0.52 ac (22,446 SF)
APN
1372260010001
UPID
US83-0443294
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
-
The Texas Wine School High School Vocational School
-
AOC Selections Specialty Food Shop Wine and Liquor Store
-
Art of Cellaring (AOC) Storage Facility
-
Houston Center Valve & Fitting Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$587k
Blend (final)
Blend
$530k
Owner & transaction history
1996ft Portsmouth LLC · 11 yrs held
1996ft Portsmouth LLC
since 2014
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$675,000
+77.6%
Restaurant
$660,000
+73.7%
Retail stores
$585,000
+54.6%
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
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$380,000
Current use
AUTO REPAIR, GARAGE
$675,000
Change: +78% · Conversion: Difficult
RESTAURANT
$660,000
Change: +74% · Conversion: Moderate
RETAIL STORES
$585,000
Change: +55% · Conversion: Moderate
WAREHOUSE, STORAGE
$560,000
Change: +48% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$525,000
Change: +39% · Conversion: Easy
MEDICAL BUILDING
$460,000
Change: +21% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$73 / 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
$95,412
Tax year 2022
Assessed value
$4,440,500
Assessed 2024
Previous assessed
$4,438,170
+0.1% YoY
Effective rate
2.15%
On assessed value
Assessed land
$2,132,370
Assessed improvement
$2,308,130
Land market value
$2,132,370
Improvement market value
$2,308,130
Total market value
$4,440,500
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
2011
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Total area
7,216 SF
Lot
0.52 ac (22,446 SF)
APN
1372260010001
UPID
US83-0443294
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
$380,000
AUTO REPAIR, GARAGE
Est. value
$675,000
RESTAURANT
Est. value
$660,000
RETAIL STORES
Est. value
$585,000
WAREHOUSE, STORAGE
Est. value
$560,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$525,000
MEDICAL BUILDING
Est. value
$460,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
2011
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
3
Lot
0.52 ac
Current owner
From public records · entity-resolved
1996ft Portsmouth LLC
Entity
Mailing address
3334 RICHMOND AVE STE #203, HOUSTON, TX 77098-3023
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2014
—
1996ft Portsmouth LLC
B-mac Holdings LLC
Trustees Deed
$2,458,000 · Independent Bk
Oct 1, 2010
—
B-mac Holdings LLC
Brunk,fred C & Judy G
Warranty Deed
related
$1,200,000 · Amegy 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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