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Property profile & analytics
FOR LEASE
Office buildings
3773 Richmond Ave, Houston, TX 77046
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2055553
For Lease
1 / 3
$28 SF/Yr
3773 Richmond Ave, Houston, TX 77046
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
204,798 SF
Lot
1.51 ac (65,776 SF)
APN
1366320010001
UPID
US82-2055553
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
-
Dr. Stephan Krotz, MD Physician
-
Regions Bank Bank Loan Service
-
Rosas Law Group Law Firm
-
Waddell Law Firm, P.C. Law Firm Child Welfare Organization
-
JuiceWell Specialty Food Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.21M
Owner & transaction history
Richmond Cummins LP · 11 yrs held
Richmond Cummins LP
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$20.7M
+45.3%
Auto repair, garage
$19.1M
+34.2%
Retail stores
$15.1M
+6.0%
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
$14,245,000
Current use
RESTAURANT
$20,705,000
Change: +45% · Conversion: Moderate
AUTO REPAIR, GARAGE
$19,115,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$15,100,000
Change: +6% · Conversion: Moderate
MEDICAL BUILDING
$13,070,000
Change: -8% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$12,805,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$14.21M
Range $12.79M – $15.63M · ±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
$69 / 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
$1,459,278
Tax year 2022
Assessed value
$70,790,000
Assessed 2024
Previous assessed
$72,427,520
-2.3% YoY
Effective rate
2.06%
On assessed value
Assessed land
$6,577,600
Assessed improvement
$64,212,400
Land market value
$6,577,600
Improvement market value
$64,212,400
Total market value
$70,790,000
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 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
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
11
Total area
204,798 SF
Lot
1.51 ac (65,776 SF)
APN
1366320010001
UPID
US82-2055553
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
$14.2M
RESTAURANT
Est. value
$20.7M
AUTO REPAIR, GARAGE
Est. value
$19.1M
RETAIL STORES
Est. value
$15.1M
MEDICAL BUILDING
Est. value
$13.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.8M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
11
Buildings
5
Lot
1.51 ac
Current owner
From public records · entity-resolved
Richmond Cummins LP
Entity
Mailing address
1001 MCKINNEY ST STE #525, HOUSTON, TX 77002-6451
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Mar 14, 2018
—
Richmond Cummins LP
—
Grant Deed
related
$33,487,500 · Pccp Credit Ix Reit-sub Holdco
Aug 27, 2014
—
Richmond Cummins LP
Vci Group INC
Grant Deed
related
—
Jul 31, 2013
—
Richmond Cummins LP
Vci Group INC
Grant Deed
related
—
Jun 17, 2009
—
Vci Group INC
—
Deed Of Trust
related
$2,200,000 · Miscellaneous Ins Co
May 18, 2009
—
Vci Group INC
—
Loan Modification
related
$375,000 · North Houston Bk
May 14, 2008
—
Vci Group INC
—
Loan Modification
related
—
—
—
Richmond Cummins LP
—
Loan Modification
related
—
—
—
Vci Group INC
—
Deed Of Trust
related
$375,000 · North Houston Bk
—
—
Vci Group INC
—
Deed Of Trust
related
$150,000 · Bank Of America California NA
—
—
Vci Group INC
—
Deed Of Trust
related
$1,332,700 · Bank Of America California NA
—
—
Vci Group INC
—
Deed Of Trust
related
$1,750,000 · Bank Of America California NA
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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