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Property profile & analytics
FOR LEASE
Office buildings
333 Clay St 2100 Houston, TX 77002
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2184269
For Lease
1 / 2
$15 SF/Yr
333 Clay St,Unit 2100, Houston, TX 77002
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
1980
Construction
STEEL & CONCRETE
Total area
1,282,908 SF
Lot
2.74 ac (119,202 SF)
APN
1035350000018
UPID
US82-2184269
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
-
Thompson & Knight LLP: Robert L. Paddock Law Firm
-
Charles Sutherland, DDS Dental Office
-
Downtown Dentist Dental Office
-
Eggleston Erin Law Firm
-
Eggleston & Briscoe LLP Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$56.37M
Blend (final)
Blend
$56.38M
Owner & transaction history
Three Allen Center Co LLC · 15 yrs held
Three Allen Center Co LLC
since 2011
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$92.1M
+108.5%
Medical building
$81.9M
+85.3%
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
OFFICE BUILDING
$44,185,000
Current use
RETAIL STORES
$92,140,000
Change: +109% · Conversion: Moderate
MEDICAL BUILDING
$81,875,000
Change: +85% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$35,420,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$56.38M
Range $50.74M – $62.01M · ±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
$44 / 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
$4,861,896
Tax year 2022
Assessed value
$216,952,806
Assessed 2024
Previous assessed
$241,307,785
-10.1% YoY
Effective rate
2.24%
On assessed value
Assessed land
$59,601,000
Assessed improvement
$157,351,806
Land market value
$59,601,000
Improvement market value
$157,351,806
Total market value
$216,952,806
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
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Status
For Lease
Year built
1980
Construction
STEEL & CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
50
Total area
1,282,908 SF
Lot
2.74 ac (119,202 SF)
APN
1035350000018
UPID
US82-2184269
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
OFFICE BUILDING Current
Est. value
$44.2M
RETAIL STORES
Est. value
$92.1M
MEDICAL BUILDING
Est. value
$81.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$35.4M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1980
Construction
STEEL & CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
50
Buildings
1
Lot
2.74 ac
Current owner
From public records · entity-resolved
Three Allen Center Co LLC
Entity
Free & Clear · 15 yrs held
Mailing address
127 PUBLIC SQ #3150, CLEVELAND, OH 44114-1217
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2016
—
One Allen Center Co LLC
—
Deed
related
$425,000,000 · Wells Fargo Bk
Apr 12, 2011
—
Three Allen Center Co LLC
Cullen Allen Holdings LP
Warranty Deed
related
—
Nov 21, 1996
—
Trizechahn Allen Center LP
3065,metropolitan Life Insuranc
Grant Deed
$164,000,000 · Seller
—
—
One Allen Center Co LLC
—
Loan Modification
related
$425,000,000 · Wells Fargo 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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