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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Office buildings
5851 San Felipe St, Houston, TX 77057-3076
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US83-4167050
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
172,386 SF
Lot
3.08 ac (134,195 SF)
APN
690910000019
UPID
US83-4167050
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
-
Jamaica Resort Travel Agency
-
Executive Benefit Solutions Financial Advisor
-
The Law Offices of Kennedy & Jackson Law Firm
-
Vacations To Go Travel Agency
-
Hinson James P DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.32M
Owner & transaction history
5851 Corp · 20 yrs held
5851 Corp
since 2006
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
$8 / 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
$198,195
Tax year 2022
Assessed value
$10,001,078
Assessed 2024
Previous assessed
$9,836,917
+1.7% YoY
Effective rate
1.98%
On assessed value
Assessed land
$8,051,700
Assessed improvement
$1,949,378
Land market value
$8,051,700
Improvement market value
$1,949,378
Total market value
$10,001,078
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
9
Total area
172,386 SF
Lot
3.08 ac (134,195 SF)
APN
690910000019
UPID
US83-4167050
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
9
Buildings
2
Lot
3.08 ac
Current owner
From public records · entity-resolved
5851 Corp
Entity
Mailing address
5851 SAN FELIPE ST STE #500, HOUSTON, TX 77057-8006
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2020
—
5851 Corp
—
Deed
related
$6,500,000 · Karen N Fox
May 6, 2019
—
5851 Corp
—
Deed
related
$6,500,000 · R Alan Fox
Jan 6, 2006
—
5851 Corp
Essex Tanglewood Investors
Grant Deed
$6,700,000 · J P Morgan Chase Bank
Jun 3, 1998
—
Essex Tanglewood Investors LP
Pca Portfolio LP
Grant Deed
$11,800,000 · Amreit I INC
—
—
5851 Corp
—
Deed Of Trust
related
$6,500,000 · R Alan Fox
—
—
5851 Corp
—
Loan Modification
related
$6,500,000 · Karen N Fox
—
—
5851 Corp
—
Deed Of Trust
related
$7,030,000 · R Alan Fox
—
—
5851 Corp
—
Deed Of Trust
related
$5,030,000 · R Alan Fox
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?”
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