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Property profile & analytics
FOR LEASE
Retail space
311 West Gray St Houston, TX 77019
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-0879364
For Lease
1 / 2
$690,000
311 West Gray St, Houston, TX 77019
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Construction
METAL FRAME
Total area
4,888 SF
Lot
0.42 ac (18,221 SF)
APN
1387160010001
UPID
US82-0879364
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
-
Fur & Feather Veterinary Hospital Veterinary Clinic
-
Me'lange Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$661k
Blend (final)
Blend
$690k
Owner & transaction history
403 W Gray Realty Ltd · 9 yrs held
403 W Gray Realty Ltd
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$845,000
+66.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$510,000
Current use
COMMERCIAL (GENERAL)
$845,000
Change: +66% · Conversion: Easy
AUTO REPAIR, GARAGE
$455,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$141 / 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
$45,798
Tax year 2022
Assessed value
$2,300,690
Assessed 2024
Previous assessed
$2,273,073
+1.2% YoY
Effective rate
1.99%
On assessed value
Assessed land
$1,730,995
Assessed improvement
$569,695
Land market value
$1,730,995
Improvement market value
$569,695
Total market value
$2,300,690
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
For Lease
Year built
2017
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
4,888 SF
Lot
0.42 ac (18,221 SF)
APN
1387160010001
UPID
US82-0879364
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
$510,000
COMMERCIAL (GENERAL)
Est. value
$845,000
AUTO REPAIR, GARAGE
Est. value
$455,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2017
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
403 W Gray Realty Ltd
Entity
Free & Clear · 9 yrs held
Mailing address
820 RICHMOND AVE, HOUSTON, TX 77006-5514
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2020
—
Eta Group Investments LLC
—
Deed
related
$2,300,000 · Miscellaneous Ins Co
Jul 8, 2020
—
Sb West Gray LLC
—
Deed
related
$1,584,807 · Prosperity Bk
Jul 26, 2016
—
403 W Gray Realty Ltd
Efkao LLC
Warranty Deed
related
—
Feb 18, 2015
—
Efkao LLC
Byzcafebar INC
Grant Deed
related
—
Mar 17, 2014
—
Efkao LLC
Hgbe INC
Grant Deed
related
—
Aug 30, 2013
—
Byzcafebar INC
Hgbe INC
Grant Deed
related
—
Mar 6, 2009
—
Hgbe INC
Giannakopolos,illias
Grant Deed
related
—
Oct 21, 1999
—
Bill Eris
Kidd,james C
Grant Deed
$176,687 · Individual
Apr 23, 1998
—
Ilias Giannakopoulos
Kidd,james C
Grant Deed
related
—
—
—
Sb West Gray LLC
—
Deed Of Trust
related
$1,584,807 · Prosperity Bk
—
—
Eta Group Investments LLC
—
Deed Of Trust
related
$2,300,000 · Miscellaneous Ins Co
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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