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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Retail space
2409 Grant St Houston, TX 77006-2858
Entity Owned
~
Est. High Equity
Property ID
US82-2676210
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
STEEL FRAME
Total area
7,487 SF
Lot
0.48 ac (20,804 SF)
APN
1228400010001
UPID
US82-2676210
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
-
BUDDY'S Houston Bar & Pub Nightclub
-
Play Bar & Pub Nightclub
-
Hollywood Super Center Clothing Store Boutique
-
Kiki Bar & Pub Nightclub
-
Hamburgers Mary Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$667k
Blend (final)
Blend
$615k
Owner & transaction history
Hollywood Investment Corporation
Hollywood Investment Corporation
since 2026
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$810,000
+32.4%
Auto repair, garage
$700,000
+14.5%
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
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$610,000
Current use
RESTAURANT
$810,000
Change: +32% · Conversion: Easy
AUTO REPAIR, GARAGE
$700,000
Change: +14% · Conversion: Difficult
WAREHOUSE, STORAGE
$580,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$560,000
Change: -9% · Conversion: Difficult
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
$82 / 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
$60,241
Tax year 2022
Assessed value
$2,816,382
Assessed 2024
Previous assessed
$2,989,891
-5.8% YoY
Effective rate
2.14%
On assessed value
Assessed land
$2,288,550
Assessed improvement
$527,832
Land market value
$2,288,550
Improvement market value
$527,832
Total market value
$2,816,382
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Rooms
4
Bathrooms
1
Total area
7,487 SF
Lot
0.48 ac (20,804 SF)
APN
1228400010001
UPID
US82-2676210
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
RETAIL STORES Current
Est. value
$610,000
RESTAURANT
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$700,000
WAREHOUSE, STORAGE
Est. value
$580,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$560,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Rooms
4
Bathrooms
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Hollywood Investment Corporation
Entity
Mailing address
2409 GRANT ST STE C, HOUSTON, TX 77006-2858
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2026
—
Hollywood Investment Corporation
—
Deed
related
$145,000 · Trang Diem Nguyen
Oct 31, 2025
—
Hollywood Investment Corporation
—
Deed
related
$450,000 · Lan Cao
May 11, 2017
—
Hollywood Investment Corp
—
Deed
related
$2,300,000 · Allegiance Bk
Jun 3, 2013
—
Hollywood Investment Corp
—
Deed Of Trust
related
$3,200,000 · Plains State Bank
—
—
Hollywood Investment Corp
—
Deed Of Trust
related
$2,300,000 · Allegiance 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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