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Property profile & analytics
OFF-MARKET
Bars & Pubs
3321 Dixie Dr Houston, TX 77021-1146
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-4782570
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1935
Construction
FRAME
Total area
5,084 SF
Lot
0.15 ac (6,499 SF)
APN
332390360011
UPID
US82-4782570
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
-
Pinnacle Adult Care Inc Adult Day Care
-
Margerine Williams Production Facility
-
Dreams Bar And Lounge Bar & Pub
-
MC QUA SEAFOOD AND DAIQUIRI SHACK Restaurant
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
Fletcher Galloway · 4 yrs held
Fletcher Galloway
since 2022
5 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
—
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
$9,094
Tax year 2022
Assessed value
$505,921
Assessed 2024
Previous assessed
$451,376
+12.1% YoY
Effective rate
1.80%
On assessed value
Assessed land
$195,000
Assessed improvement
$310,921
Land market value
$195,000
Improvement market value
$310,921
Total market value
$505,921
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
1935
Construction
FRAME
Heating
RADIANT
Cooling
NONE
Buildings
2
Stories
1
Total area
5,084 SF
Lot
0.15 ac (6,499 SF)
APN
332390360011
UPID
US82-4782570
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
1935
Construction
FRAME
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Fletcher Galloway
Individual
Mailing address
3321 DIXIE DR, HOUSTON, TX 77021-1146
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Jun 6, 2022
—
Fletcher Galloway
Wright Mortgage & Investment Compan
Venders Lien
$641,750 · Wright Mortgage & Investment Compan
Jun 9, 2011
$325,000
Wright Mortgage & Inv Co LLC
Schlanger,robert A
Trustees Deed
related
—
Jan 4, 2005
—
Pinnacle Adult Care INC
Groundworks Property INC
Warranty Deed
$225,000 · Jle Investors INC
Sep 13, 2000
—
Groundworks Property
Gautney,ima O
Grant Deed
related
—
—
—
Pinnacle Adult Care INC
—
Deed Of Trust
related
$275,000 · Pinnacle Mortgage
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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