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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Office buildings
5900 Memorial Dr, Houston, TX 77007-8004
Individually Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-4169094
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
STEEL FRAME
Total area
34,225 SF
Lot
0.58 ac (25,369 SF)
APN
300870000009
UPID
US83-4169094
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
-
Derick Strickland: Allstate Insurance Insurance Agency
-
Eugene F. Feronti, Jr., Certified Public Accountant Accounting Firm
-
PureSalt Therapy Spa & Massage Center Alternative Medicine Practice
-
Bishop Petroleum Inc Gas Station
-
Generation Health Medical Clinic Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$770k
Owner & transaction history
5900 Interests Ltd · 21 yrs held
5900 Interests Ltd
since 2004
6 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
$22 / 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
$88,058
Tax year 2022
Assessed value
$4,102,174
Assessed 2024
Previous assessed
$4,370,545
-6.1% YoY
Effective rate
2.15%
On assessed value
Assessed land
$1,649,050
Assessed improvement
$2,453,124
Land market value
$1,649,050
Improvement market value
$2,453,124
Total market value
$4,102,174
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
Off-Market
Year built
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
3
Total area
34,225 SF
Lot
0.58 ac (25,369 SF)
APN
300870000009
UPID
US83-4169094
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
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Lot
0.58 ac
Current owner
From public records · entity-resolved
5900 Interests Ltd
Individual
Mailing address
701 OAK DR, FRIENDSWOOD, TX 77546-5544
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2009
—
5900 Interests Ltd
—
Deed Of Trust
related
$2,133,354 · Encore Bank
Sep 22, 2004
—
5900 Interests Ltd
Investcorp International Ltd
Grant Deed
$2,650,000 · Encore Bank
—
—
5900 Interests Ltd
—
Deed Of Trust
related
$629,192 · Cadence Bk
—
—
5900 Interests Ltd
—
Loan Modification
related
$1,870,808 · Cadence Bk
—
—
5900 Interests Ltd
—
Deed Of Trust
related
$114,743 · Encore Bank
—
—
5900 Interests Ltd
—
Deed Of Trust
related
$536,681 · Encore 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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