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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Bars & Pubs
2400 Brazos St Houston, TX 77006-1614
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US82-4909798
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1897
Construction
WOOD FRAME
Total area
11,000 SF
Lot
0.17 ac (7,501 SF)
APN
330110000003
UPID
US82-4909798
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
-
360 Midtown Nightclub DJ & Entertainment
-
Hightower Nightclub DJ & Entertainment
-
6 Feet Lounge Nightclub DJ & Entertainment
-
Taqueria sol de Arcelia Restaurant
-
Daisy Dukes Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$500k
Owner & transaction history
Clifford Kitten Family LP · 16 yrs held
Clifford Kitten Family LP
since 2010
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$45 / 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
$25,369
Tax year 2022
Assessed value
$1,259,148
Assessed 2024
Previous assessed
$1,259,148
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$562,500
Assessed improvement
$696,648
Land market value
$562,500
Improvement market value
$696,648
Total market value
$1,259,148
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1897
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
11,000 SF
Lot
0.17 ac (7,501 SF)
APN
330110000003
UPID
US82-4909798
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
1897
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Clifford Kitten Family LP
Entity
Mailing address
PO BOX 73328, HOUSTON, TX 77273-3328
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2020
—
Clifford Kitten Family LP
—
Deed
related
$556,875 · Independent Bk
Jun 14, 2019
—
Clifford Kitten Family LP
—
Deed
related
$205,000 · Independent Bk
Oct 30, 2018
—
Clifford Kitten Fam Ltd Partne
—
Deed
related
$671,799 · Independent Bk
May 9, 2016
—
Clifford Kitten Family LP Ltd
—
Trustees Deed
related
$1,000,000 · Independent Bk
Jan 20, 2010
—
Clifford Kitten Family LP
Oaks Ranch LLC
Warranty Deed
related
—
Jun 28, 2006
—
Oaks Ranch LLC
Palermo,nicholas J & Grace A
Warranty Deed
$250,000 · Nicholas J & Grace A Palermo
Apr 16, 2002
—
Nicholas J Palermo
Palermo,teresa M
Quit Claim Deed
related
$150,000 · Southwest Guaranty Mortgage Co
—
—
Clifford Kitten Fam Ltd Partne
—
Loan Modification
related
$671,799 · Independent Bk
—
—
Clifford Kitten Family LP
—
Loan Modification
related
$205,000 · Independent Bk
—
—
Oaks Ranch LLC
—
Deed Of Trust
related
$45,000 · Nicholas J & Grace A Palermo
—
—
Clifford Kitten Family LP
—
Loan Modification
related
$556,875 · Independent Bk
—
—
Oaks Ranch LLC
—
Deed Of Trust
related
$410,000 · Bank Of Houston
—
—
Nicholas J Palermo
—
Deed Of Trust
related
$160,000 · American First National Bank
—
—
Nicholas J Palermo
—
Deed Of Trust
related
$115,000 · American First 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.
Try Rey
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