Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Office buildings
412 Main St Houston, TX 77002-1838
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-1914784
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
1928
Construction
BRICK
Total area
57,280 SF
Lot
0.11 ac (4,626 SF)
APN
10440000019
UPID
US82-1914784
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
-
payday champion Loan Service
-
Rooftop Ideas Advertising Agency Marketing & Advertising
-
Marilin Gym Gym & Fitness Center
-
Jennifer P Davis Law Office Law Firm Child Welfare Organization
-
Moxy Houston Downtown Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.36M
Owner & transaction history
Highrock Hospitality LLC · 7 yrs held
Highrock Hospitality LLC
since 2018
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,975,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,580,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±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
$24 / 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
$110,542
Tax year 2022
Assessed value
$5,224,488
Assessed 2024
Previous assessed
$5,486,491
-4.8% YoY
Effective rate
2.12%
On assessed value
Assessed land
$693,900
Assessed improvement
$4,530,588
Land market value
$693,900
Improvement market value
$4,530,588
Total market value
$5,224,488
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
Off-Market
Year built
1928
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
12
Total area
57,280 SF
Lot
0.11 ac (4,626 SF)
APN
10440000019
UPID
US82-1914784
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
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
OFFICE BUILDING Current
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
1928
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
12
Buildings
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Highrock Hospitality LLC
Entity
Free & Clear · 7 yrs held
Mailing address
312 W NOLANA LOOP, PHARR, TX 78577-8396
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
27 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2024
—
Holland Home Builders LLC
—
Deed
related
$593,748 · Justin Brasell
Aug 18, 2023
—
Highrock Hospitality LLC
—
Deed
related
$340,000 · Comerica Bank
Mar 16, 2021
—
Highrock Hospitality LLC
—
Deed
related
$13,500,000 · Comerica Bank
Jan 30, 2020
—
Highrock Hospitality LLC
—
Deed
related
$250,000 · International Bk/commerce
Dec 4, 2019
—
Highrock Hospitality LLC
—
Deed
related
$200,000 · International Bk/commerce
Jun 6, 2019
—
Highrock Hospitality LLC
—
Deed
related
$100,000 · International Bk/commerce
May 8, 2019
—
Highrock Hospitality LLC
—
Deed
related
$100,000 · International Bk/commerce
Feb 12, 2019
—
Highrock Hospitality LLC
—
Deed
related
$475,000 · International Bk/commerce
Sep 26, 2018
—
Highrock Hospitality LLC
Snb 412 Main LP
Grant Deed
related
—
Jun 7, 2018
—
Snb 412 Main LP
—
Deed
related
$2,746,554 · Central Bk
Jun 5, 2017
—
Snb 412 Main LP
—
Deed
related
$2,885,141 · Central Bk
Jun 2, 2016
—
Snb 412 Main LP
—
Deed
related
$3,023,729 · Central Bk
May 21, 2010
—
Snb 412 Main LP
Fs 412 Main Street Assocs LP
Grant Deed
$3,500,000 · Central Bk
Oct 29, 2009
—
Fs 412 Main Street Assocs
—
Trustees Deed
related
$1,398,011 · Regions Bank
Oct 23, 2007
—
Fs 412 Main Street Assocs
—
Trustees Deed
related
$1,550,000 · Regions Bank
—
—
Snb 412 Main LP
—
Loan Modification
related
$3,023,729 · Central Bk
—
—
Highrock Hospitality LLC
—
Loan Modification
related
$250,000 · International Bk/commerce
—
—
Snb 412 Main LP
—
Loan Modification
related
$2,746,554 · Central Bk
—
—
Snb 412 Main LP
—
Loan Modification
related
$2,885,141 · Central Bk
—
—
Snb 412 Main LP
—
Loan Modification
related
$3,152,773 · Central Bank & Trust
—
—
Snb 412 Main LP
—
Loan Modification
related
$3,470,810 · Central Bk
—
—
Snb 412 Main LP
—
Loan Modification
related
$3,123,729 · Central Bk
—
—
Highrock Hospitality LLC
—
Loan Modification
related
$200,000 · International Bk/commerce
—
—
Highrock Hospitality LLC
—
Loan Modification
related
$475,000 · International Bk/commerce
—
—
Highrock Hospitality LLC
—
Loan Modification
related
$100,000 · International Bk/commerce
—
—
Highrock Hospitality LLC
—
Loan Modification
related
$100,000 · International Bk/commerce
—
—
Snb 412 Main LP
—
Loan Modification
related
$3,152,733 · Central Bank & Trust
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?”
You own 412 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
