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Property profile & analytics
FOR LEASE
Office buildings
540 Heights Blvd, Houston, TX 77007
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-2552278
For Lease
1 / 6
$36 SF/Yr
540 Heights Blvd, Houston, TX 77007
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
BRICK
Total area
17,270 SF
Lot
0.21 ac (9,300 SF)
APN
210220000020
UPID
US83-2552278
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
-
FillOut Law Firm
-
New Heights Planning Financial Advisor
-
Karol Carballo, Houston Realtor Real Estate Agency
-
Move Houston Real Estate Real Estate Agency
-
HVAC Local Marketing Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$878k
Blend (final)
Blend
$685k
Owner & transaction history
W R N Holdings LLC · 24 yrs held
W R N Holdings LLC
since 2001
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.1M
+12.3%
Medical building
$1.1M
+10.0%
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
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,000,000
Current use
WAREHOUSE, STORAGE
$1,125,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$1,100,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$40 / 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
$42,311
Tax year 2022
Assessed value
$3,253,109
Assessed 2024
Previous assessed
$2,100,000
+54.9% YoY
Effective rate
1.30%
On assessed value
Assessed land
$744,000
Assessed improvement
$2,509,109
Land market value
$744,000
Improvement market value
$2,509,109
Total market value
$3,253,109
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
OFFICE BUILDING
Status
For Lease
Year built
2001
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
3
Rooms
20
Bathrooms
8
Total area
17,270 SF
Lot
0.21 ac (9,300 SF)
APN
210220000020
UPID
US83-2552278
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
$1.0M
WAREHOUSE, STORAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
2001
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Rooms
20
Bathrooms
8
Lot
0.21 ac
Current owner
From public records · entity-resolved
W R N Holdings LLC
Entity
Mailing address
5353 W ALABAMA ST STE #200, HOUSTON, TX 77056-5935
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2016
—
Wrn Holdings LLC
—
Deed
related
$980,000 · B & E Apartments LLC
Sep 19, 2001
—
W R N Holdings LLC
Nolley,waverly R & Pamela
Grant Deed
related
$693,000 · First State Bank Texas
Oct 15, 1997
—
Waverly R Nolley
Adair,jerry R & June L
Grant Deed
$100,000 · Seller
Nov 26, 1996
—
Heights Limited
Chevron USA INC
Grant Deed
related
—
—
—
Wrn Holdings LLC
—
Loan Modification
related
$946,750 · Noble Mortgage & Invts LLC
—
—
Wrn Holdings LLC
—
Loan Modification
related
$53,320 · Noble Mortgage & Invts LLC
—
—
Wrn Holdings LLC
—
Deed Of Trust
related
$1,050,000 · Noble Mortgage & Invts LLC
—
—
Wrn Holdings LLC
—
Deed Of Trust
related
$980,000 · B & E Apartments LLC
—
—
Wrn Holdings LLC
—
Deed Of Trust
related
$58,000 · Noble Mortgage & Invts LLC
—
—
Noble Mtg & Invts LLC
—
Deed Of Trust
related
$946,750 · Enterprise Bank
—
—
Noble Mtg & Invts LLC
—
Deed Of Trust
related
$53,320 · Enterprise Bank
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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