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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Office buildings
411 Sam Houston E Pkwy 191 Houston, TX 77060-3543
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-7113346
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
1982
Construction
STEEL FRAME
Total area
126,524 SF
Lot
4.49 ac (195,798 SF)
APN
1144680020003
UPID
US82-7113346
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
-
Ax'cess Productions Studios (Bike/Boat/Book/etc) Store Photography Service
-
Touched By Mimi Hair Salon Nail Salon
-
Koasati Construction Management Construction Company General Contractor
-
caldana immobiliare Corporate Office Financial Advisor
-
Chevine Transport LLC Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$630k
Blend (final)
Blend
$610k
Owner & transaction history
Grove Ents LLC · 7 yrs held
Grove Ents 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
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$660,000
Current use
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$88,938
Tax year 2022
Assessed value
$3,835,924
Assessed 2024
Previous assessed
$7,654,633
-49.9% YoY
Effective rate
2.32%
On assessed value
Assessed land
$1,174,788
Assessed improvement
$2,661,136
Land market value
$1,174,788
Improvement market value
$2,661,136
Total market value
$3,835,924
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
1982
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
126,524 SF
Lot
4.49 ac (195,798 SF)
APN
1144680020003
UPID
US82-7113346
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
$660,000
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
1982
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
4.49 ac
Current owner
From public records · entity-resolved
Grove Ents LLC
Entity
Mailing address
5959 RICHMOND AVE STE #440, HOUSTON, TX 77057-6325
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
Jan 22, 2019
—
Grove Ents LLC
Dalio Holdings I LLC
Warranty Deed
$4,870,410 · Brelf II LLC
Jul 3, 2018
$50,000
Dalio Holdings I LLC
Williams Wade|office North Belt LLC
Trustees Deed
related
—
Jan 4, 2017
—
Office North Belt LLC
—
Trustees Deed
related
$300,000 · Icon Bk/tx NA
May 31, 2011
—
Office North Belt LLC
Msci 2006-iq11 Sam Houston Off
Grant Deed
$2,800,000 · Icon Bk/tx NA
Aug 3, 2010
—
2006 Iq11 Sam Houston Off Msci
Springer Michael P
Trustees Deed
related
—
Dec 9, 2005
—
411 Nshp Partners
Carl E Gungoll Exploration LLC
Grant Deed
$10,200,000 · Morgan Stanley Mtg Capital INC
Dec 1, 2004
—
Carl E Gungoll Exploration LLC
N Sam Houston 411
Grant Deed
$10,262,000 · Legacy Bank
—
—
Grove Ents LLC
—
Deed Of Trust
related
—
—
—
Grove Ents LLC
—
Deed Of Trust
related
—
—
—
Office North Belt LLC
—
Loan Modification
related
$2,577,503 · Icon Bk/tx NA
—
—
Office North Belt LLC
—
Deed Of Trust
related
$192,600 · Icon Bk/tx NA
—
—
Office North Belt LLC
—
Loan Modification
related
$2,568,191 · Icon Bk/tx 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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