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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Hotels
525 Bay Area Blvd 110 Houston, TX 77058-2602
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-1706892
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1989
Construction
BRICK
Total area
15,280 SF
Lot
3.46 ac (150,530 SF)
APN
1157420000007
UPID
US82-1706892
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
-
Sonesta ES Suites Houston NASA Clear Lake Hotel & Motel
-
Clear Lake Apartments Apartment Complex
-
525 Bay Area Boulevard Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$535k
Blend (final)
Blend
$635k
Owner & transaction history
Top Aco II Tic LLC · 4 yrs held
Top Aco II Tic LLC
since 2022
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$595,000
+76.1%
Apartment house (5+ units)
$470,000
+39.5%
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
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$595,000
Change: +76% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$470,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$42 / 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
$68,503
Tax year 2022
Assessed value
$6,509,250
Assessed 2024
Previous assessed
$6,497,644
+0.2% YoY
Effective rate
1.05%
On assessed value
Assessed land
$5,268,585
Assessed improvement
$1,240,665
Land market value
$5,268,585
Improvement market value
$1,240,665
Total market value
$6,509,250
Applied tax rate
27.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1989
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
15,280 SF
Lot
3.46 ac (150,530 SF)
APN
1157420000007
UPID
US82-1706892
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
Est. value
$595,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$470,000
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1989
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
6
Lot
3.46 ac
Current owner
From public records · entity-resolved
Top Aco II Tic LLC
Entity
Mailing address
1180 E AVE OF THE AMERICAS RD FL #21, NEW YORK, NY 10036-8401
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2022
—
Top Aco II Tic LLC
Mfmcus III LLC
Special Warranty Deed
$21,500,000 · Haymarket Insurance Company
Sep 28, 2017
—
Hpt Ihg-2 Properties Trust
Bre Newton Hotels Prop Holdco
Grant Deed
related
—
Jul 13, 2017
—
Bre Newton Hotels Prop Holdco
Bre Newton Hotels Prop Owner L
Quit Claim Deed
related
—
May 31, 2007
—
Lion Es Hotels Holdings LP
Res Inn III LLC
Special Warranty Deed
$567,700,000 · Wachovia Bank NA
—
—
Lion Es Hotels Holdings LLC
—
Deed Of Trust
related
$335,000,000 · Bank Of America
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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