Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    503 Sul Ross St Houston, TX 77006-5030

    • Residential income homes
    • 2,016 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    8.7%
    Residential income homes
    Location Intelligence
    Property ID
    US82-3909931
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Shaunty Healing Center / Mental Health Clinic

    Property Details for 503 Sul Ross St

    Year built
    1946
    Construction
    METAL FRAME
    Lot size
    0.17 lot acres
    Property size
    2,016 SF
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    82710000004
    APU
    82710000004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $380,000
      6.5%
      $350,000
      7%
      $325,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $207,000
      Market price range: $93.8k - $207k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $285,000
      AUTO REPAIR, GARAGE
      $190,000
      RETAIL STORES
      $165,000
      WAREHOUSE, STORAGE
      $155,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.386
    Latitude
    29.7377
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $11,637
    $637,500
    $177,698
    $815,198
    -
    $637,500
    $177,698
    $815,198

    Comparable in this City

    • Value Estimation by Request
      3,060 SF

      1304 Fairview Ave, Unit 50

      BOARDING/ROOMING HOUSE • 3,060 SF
      1304 Fairview Ave, Houston, TX 77006-1802
      View Details
    • Value Estimation
      $390,000
      10,098 SF

      3804 Brandt St, Unit 32

      BOARDING/ROOMING HOUSE • 10,098 SF
      3804 Brandt St, Houston, TX 77006-5171
      View Details
    • Value Estimation
      $290,000
      3,268 SF

      2810 Louisiana St, Unit 5

      BOARDING/ROOMING HOUSE • 3,268 SF
      2810 Louisiana St, Houston, TX 77006-3537
      View Details
    • Value Estimation by Request
      3,110 SF

      1403 Maryland St

      Multifamily properties • 3,110 SF
      1403 Maryland St, Houston, TX 77006
      View Details
    • Value Estimation
      $850,000
      219,859 SF

      3120 Smith St, Unit 264

      HIGH-RISE APARTMENTS • 219,859 SF
      3120 Smith St, Houston, TX 77006-3462
      View Details
    • Value Estimation
      $875,000
      8,712 SF

      1501 Hyde Park Blvd, Unit 32

      GARDEN APT, COURT APT (5+ UNITS) • 8,712 SF
      1501 Hyde Park Blvd, Houston, TX 77006-2583
      View Details

    Similar Nearby for Sale

    • $3,099,000
      9,240 SF

      Montrose Apartment Complex

      16-unit boutique building, high ROI
      2703 Mason St, Houston, TX 77006
      View Details
    • $799,000

      New Townhome Community in Montrose

      Gated townhome community near downtown Houston with stylish floor plans.
      1503 Vermont St, Houston, TX 77006
      View Details
    • $749,000

      Montrose Duplex with Income Potential

      Brick duplex in Houston's vibrant Montrose neighborhood with income potential.
      528 Hawthorne St, Houston, TX 77006
      View Details
    • $360,000

      Remodeled Condo in Montrose

      Updated 2-bedroom, 2-bath condo in vibrant Houston neighborhood.
      2516 Commonwealth St, Houston, TX 77006
      View Details
    • $1,880,000

      Westmoreland 8-Unit Apartment Complex

      Fully occupied, updated 8-unit apartment complex in Houston's Westmoreland neighborhood.
      429 Hawthorne St, Houston, TX 77006
      View Details
    • $1,295,000

      Montrose Multifamily Investment Opportunity

      Well-maintained 6-unit property in prestigious Montrose area.
      3403 Yupon St, Houston, TX 77006
      View Details

    Similar Nearby for Lease

    • $2,680 /Mo
      1,033 SF

      Houston Museum District Apartment

      Apartment with skyline views in the Museum District.
      4899 Montrose Blvd, Houston, TX 77006
      View Details
    • $25 SF/Yr
      9,900 SF

      Midtown Office Space For Lease

      Modern, divisible office suites in prime location
      3310 Travis St, Houston, TX 77006
      View Details
    • Contact for pricing
      4,000 SF

      Westheimer Road Retail Space

      Prime Houston Retail, 4,000 SF
      208 Westheimer Rd, Houston, TX 77006
      View Details
    • Contact for pricing
      27,820 SF

      Montrose Retail Space Available

      Retail space in the heart of Montrose with patio opportunities.
      1001 Westheimer Rd, Houston, TX 77006
      View Details
    • $18 SF/Yr
      13,891 SF

      Retail Space on Richmond Avenue

      Retail property available for lease on Richmond Avenue.
      5800 Richmond Ave, Houston, TX 77006
      View Details
    • $15 SF/Yr
      1,700 SF

      Office Space Available For Rent

      1700 square feet of office space for lease.
      6300 Richmond Ave, Houston, TX 77006
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    503 Sul Ross St
    Houston, TX 77006-5030
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.