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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Office buildings
397 Sam Houston E Pkwy Houston, TX 77060-2400
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-0042308
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
73,138 SF
Lot
3.07 ac (133,851 SF)
APN
1086190000017
UPID
US83-0042308
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
-
OMNIBANK Bank Loan Service
-
Musick & Musick: Musick Jo Anne Law Firm
-
MXMO Mobile Media Advertising Agency Marketing & Advertising
-
Eagle Tools & Services LLC Building Supply Metal Fabrication Plant
-
ink'em FX designs Art Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$491k
Blend (final)
Blend
$580k
Owner & transaction history
Omni Plaza LLC · 6 yrs held
Omni Plaza LLC
since 2019
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
$670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$385,000
Current use
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
$8 / 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
$39,501
Tax year 2022
Assessed value
$2,989,238
Assessed 2024
Previous assessed
$3,399,729
-12.1% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,338,500
Assessed improvement
$1,650,738
Land market value
$1,338,500
Improvement market value
$1,650,738
Total market value
$2,989,238
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
OFFICE BUILDING
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
73,138 SF
Lot
3.07 ac (133,851 SF)
APN
1086190000017
UPID
US83-0042308
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
$385,000
OFFICE BUILDING Current
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
3.07 ac
Current owner
From public records · entity-resolved
Omni Plaza LLC
Entity
Free & Clear · 6 yrs held
Mailing address
9530 HAGEMAN RDB460, BAKERSFIELD, CA 93312-3959
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2019
—
Omni Plaza LLC
Jlc Omni LLC
Quit Claim Deed
related
—
Jan 4, 2010
—
Rran Ventures Ltd
—
Trustees Deed
related
$2,500,000 · Omni Bank
Dec 1, 2008
—
Rran Ventures Ltd
—
Trustees Deed
related
$2,500,000 · Omni Bank
Nov 21, 2007
—
Rran Ventures Ltd
—
Trustees Deed
related
$2,500,000 · Omni Bank
Nov 29, 2006
—
Bran Ventures Ltd
—
Trustees Deed
related
$2,500,000 · Omni Bank
Oct 21, 2005
—
Rran Ventures Ltd
—
Trustees Deed
related
$2,500,000 · Omni Bank
Oct 13, 2005
—
Rran Ventures Ltd
—
Trustees Deed
related
$500,000 · Omni Bank
Mar 29, 2005
—
Rran Ventures Ltd
—
Trustees Deed
related
$2,000,000 · Omni Bank
—
—
Rran Ventures Ltd
—
Deed Of Trust
related
$2,500,000 · Omni Bank
—
—
Jlc Omni LLC
—
Loan Modification
related
$1,775,000 · Bank Of The Ozarks
—
—
Jlc Omni LLC
—
Loan Modification
related
$1,467,498 · Omni Bk
—
—
Jlc Omni LLC
—
Loan Modification
related
$1,775,000 · Omni 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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