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Property profile & analytics
OFF-MARKET
Office buildings
2423 Houston Ave Pearland, TX 77581-4229
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US82-0647663
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
2,400 SF
Lot
0.14 ac (6,250 SF)
APN
7025-0293-000
UPID
US82-0647663
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
-
SpaceCenter Systems Tech Support Center IT Consulting Firm
-
Kickass Gaming Pc Tech Support Center (Bike/Boat/Book/etc) Store
-
Gonzales Donnie CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gizmato LP · 9 yrs held
Gizmato LP
since 2017
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 Pearland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pearland 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
—
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 2018Property tax & assessments
Tax year 2018
Tax billed
$5,446
Tax year 2018
Assessed value
$316,890
Assessed 2023
Previous assessed
$256,860
+23.4% YoY
Effective rate
1.72%
On assessed value
Assessed land
$29,250
Assessed improvement
$287,640
Land market value
$29,250
Improvement market value
$287,640
Total market value
$316,890
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
1989
Heating
PACKAGE
Cooling
CENTRAL
Rooms
12
Total area
2,400 SF
Lot
0.14 ac (6,250 SF)
APN
7025-0293-000
UPID
US82-0647663
Jurisdiction
BRAZORIA
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
1989
Heating
PACKAGE
Cooling
Yes
Rooms
12
Lot
0.14 ac
Current owner
From public records · entity-resolved
Gizmato LP
Entity
Mailing address
2423 HOUSTON AVE, PEARLAND, TX 77581-4229
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2017
—
Gizmato LP
Logos Ventures LLC
Warranty Deed
$233,750 · Branch Bk&tr
Dec 5, 2014
—
Logos Ventures LLC
Stinson,james E
Grant Deed
$170,000 · James E Stinson
Sep 23, 2014
—
James E Stinson
Stinson,paola A R
Quit Claim Deed
related
—
Aug 14, 2012
—
Paola A R Stinson
Stinson,james E
Quit Claim Deed
related
—
May 10, 2011
—
Jim Stinston
Expre Realty Ltd
Grant Deed
—
Jan 8, 2009
—
Expre Realty Ltd
Johnson,roy E & Christine L
Warranty Deed
related
—
Feb 3, 2006
—
Roy E Johnson
Johnson Roy E Trust
Quit Claim Deed
related
—
Aug 20, 2004
—
Roy E Johnson
Johnson,jessie T
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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