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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Office buildings
2424 Wilcrest Dr, Houston, TX 77042-2761
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-4146647
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
47,348 SF
Lot
2.45 ac (106,905 SF)
APN
1011140000010
UPID
US83-4146647
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
-
Allied Universal® Security Services Security Service
-
Volt Workforce Solutions Employment Agency
-
MAM Literacy Advance Charitable Organization Social Service Agency
-
Pearson Testing Center Training Center
-
Zeus Development Power Plant Consultant Gas Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$420k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$814k
Blend (final)
Blend
$615k
Owner & transaction history
Sunblossom Wilcrest 2424 LLC · 10 yrs held
Sunblossom Wilcrest 2424 LLC
since 2015
6 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
Method
Estimation
Statistic approach
by Request
ML approach
$420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
$13 / 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
$65,583
Tax year 2022
Assessed value
$3,409,001
Assessed 2024
Previous assessed
$3,101,123
+9.9% YoY
Effective rate
1.92%
On assessed value
Assessed land
$1,202,681
Assessed improvement
$2,206,320
Land market value
$1,202,681
Improvement market value
$2,206,320
Total market value
$3,409,001
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
47,348 SF
Lot
2.45 ac (106,905 SF)
APN
1011140000010
UPID
US83-4146647
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
2.45 ac
Current owner
From public records · entity-resolved
Sunblossom Wilcrest 2424 LLC
Entity
Mailing address
3731 BRIARPARK DR STE #150, HOUSTON, TX 77042-5270
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2015
—
Sunblossom Wilcrest 2424 LLC
Ic Wilcrest LP
Grant Deed
$10,000,000 · Bank Of America
Mar 15, 2013
—
Ic Wilcrest LP
—
Loan Modification
related
$9,500,000 · Pnc Bank
Mar 30, 2011
—
Ic Wilcrest LP
—
Deed Of Trust
related
$9,500,000 · Pnc Bank
Feb 26, 2007
—
Ic Wilcrest
Gpw-2500
Grant Deed
$8,735,000 · National City Bank
Apr 17, 1998
—
2424 Wilcrest Associates LP
Maersk INC
Grant Deed
$1,662,633 · Credit Suisse First Boston Mtg
—
—
Ic Wilcrest LP
—
Loan Modification
related
$8,735,000 · Pnc 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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