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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Office buildings
3838 Sam Houston E Pkwy, Houston, TX 77032-3400
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2954951
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
1981
Construction
STEEL FRAME
Total area
119,200 SF
Lot
3.81 ac (165,746 SF)
APN
1146200250004
UPID
US82-2954951
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
-
W. R. Grace Oil & Natural Gas Company
-
Smilepoint Dental Group Dental Office
-
Rolls-Royce Corporation Corporate Office Factory
-
Evraz Rocky Mountain Steel Mills Construction Company General Contractor
-
PGA Engineers Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$657k
Blend (final)
Blend
$580k
Owner & transaction history
Plains Cap Bk · 6 yrs held
Plains Cap Bk
since 2020
7 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
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$5 / 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
$58,094
Tax year 2022
Assessed value
$5,378,097
Assessed 2024
Previous assessed
$5,000,000
+7.6% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,325,968
Assessed improvement
$4,052,129
Land market value
$1,325,968
Improvement market value
$4,052,129
Total market value
$5,378,097
Applied tax rate
9.0000
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
Off-Market
Year built
1981
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
119,200 SF
Lot
3.81 ac (165,746 SF)
APN
1146200250004
UPID
US82-2954951
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
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
3.81 ac
Current owner
From public records · entity-resolved
Plains Cap Bk
Individual
Free & Clear · 6 yrs held
Mailing address
9668 N WESTHEIMER RD #200707, HOUSTON, TX 77063-3241
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2020
$5,443,000
Plains Cap Bk
Camp Steven S|cross Continents Invs Co LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Sep 7, 2006
—
Cross Continents Inv Co LLC
Fraydun Ents
Grant Deed
$8,500,000 · Lehman Brothers Bank Fsb
—
—
Cross Continents Invs Co LLC
—
Loan Modification
related
$8,400,000 · Plainscapital Bk
—
—
Charles Aque
—
Loan Modification
related
$499,500 · Plainscapital Bk
—
—
Cross Continents Inv Co LLC
—
Deed Of Trust
related
$7,950,000 · Viewpoint Bank
—
—
Cross Continents Inv Co LLC
—
Deed Of Trust
related
$8,400,000 · Plainscapital Bk
—
—
Cross Continents Inv Co LLC
—
Deed Of Trust
related
$499,500 · Plainscapital 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
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