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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Office buildings
5850 San Felipe St 200, Houston, TX 77057-3070
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US83-3883285
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
119,168 SF
Lot
2.1 ac (91,650 SF)
APN
690910000034
UPID
US83-3883285
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
-
CGS Digital Marketing Advertising Agency Marketing & Advertising
-
Spartan Digital Marketing & Advertising (Bike/Boat/Book/etc) Store
-
John Rizvi, P.A. - The Idea Attorneys Law Firm
-
B n B Mobile Mechanic Auto Repair Shop
-
Direct Wine Imports of Texas Importer Marketing
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.24M
Owner & transaction history
5850 Sierra Holdings LLC · 16 yrs held
5850 Sierra Holdings LLC
since 2010
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$10 / 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
$186,455
Tax year 2022
Assessed value
$8,621,382
Assessed 2024
Previous assessed
$9,254,217
-6.8% YoY
Effective rate
2.16%
On assessed value
Assessed land
$5,499,000
Assessed improvement
$3,122,382
Land market value
$5,499,000
Improvement market value
$3,122,382
Total market value
$8,621,382
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
6
Total area
119,168 SF
Lot
2.1 ac (91,650 SF)
APN
690910000034
UPID
US83-3883285
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
Building & site characteristics
From public records
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
6
Buildings
2
Lot
2.1 ac
Current owner
From public records · entity-resolved
5850 Sierra Holdings LLC
Entity
Mailing address
5850 SAN FELIPE ST STE #500, HOUSTON, TX 77057-8003
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2021
—
5850 Sierra Holdings LLC
—
Deed
related
$8,595,667 · Green Bk
Sep 9, 2020
—
5850 Sierra Holdings LLC
—
Deed
related
$8,668,291 · Veritex Cmnty Bk
Sep 23, 2019
—
5850 Sierra Holdings LLC
—
Deed
related
$9,815,000 · Veritex Cmnty Bk
Dec 8, 2017
—
5850 Sierra Holdings LLC
—
Deed
related
$9,385,503 · Green Bk
Apr 5, 2010
—
5850 Sierra Holdings LLC
Asr 5850 San Felipe LP
Quit Claim Deed
related
—
Aug 2, 2007
—
Rkr Pearland Venture
Pearville Hope
Quit Claim Deed
related
$13,161,047 · International Bank Of Commerce
Dec 16, 2005
—
45/ly Ltd
Darvish,aref
Grant Deed
$5,365,597 · International Bank Of Commerce
Jun 16, 2004
—
Wilson Of Beltway Ltd
Land Tejas Park Lakes East Ltd
Grant Deed
$2,300,000 · International Bank Of Commerce
May 17, 2004
—
Robalo Phase III Ltd
Robalo Partners Ltd
Quit Claim Deed
related
$1,095,000 · International Bank Of Commerce
—
—
5850 Sierra Holdings LLC
—
Loan Modification
related
$9,815,000 · Veritex Cmnty Bk
—
—
Wilson Of Beltway Ltd
—
Deed Of Trust
related
$4,487,039 · International Bank Of Commerce
—
—
Wilson Of Beltway Ltd
—
Deed Of Trust
related
$6,960,989 · International Bank Of Commerce
—
—
5850 Sierra Holdings LLC
—
Deed Of Trust
related
$9,815,000 · Patriot Bk
—
—
Asr 5850 San Felipe
—
Deed Of Trust
related
$5,500,000 · Pnc Bank
—
—
5850 Sierra Holdings LLC
—
Loan Modification
related
$9,385,503 · Green Bk
—
—
5850 Sierra Holdings LLC
—
Loan Modification
related
$8,668,291 · Veritex Cmnty Bk
—
—
5850 Sierra Holdings LLC
—
Loan Modification
related
$8,595,667 · Green Bk
—
—
Wilson Of Beltway II Ltd
—
Deed Of Trust
related
$12,951,568 · International Bank Of Commerce
—
—
Rkr Pearland Venture LLC
—
Deed Of Trust
related
$37,887,612 · International Bank Of Commerce
—
—
Wilson Of Beltway II Ltd
—
Deed Of Trust
related
$18,988,607 · International Bank Of Commerce
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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