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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Warehouses
600 Hughes St Houston, TX 77023-2117
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-3813251
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1929
Construction
METAL FRAME
Total area
8,151 SF
Lot
3.5 ac (152,460 SF)
APN
371650000007
UPID
US83-3813251
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
-
Scranton Architectural Metal Metal Fabrication Plant Factory
-
Spraymetal Inc Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
$925k
Comparable Approach
Comparable
$711k
Blend (final)
Blend
$740k
Owner & transaction history
600 Hughes LLC · 6 yrs held
600 Hughes LLC
since 2020
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+167.5%
Auto repair, garage
$865,000
+94.4%
Office building
$810,000
+82.4%
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
$585,000
CAP Approach
CAP Return
Estimation
6%
$1,000,000
6.5%
$925,000
7%
$855,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$445,000
Current use
COMMERCIAL (GENERAL)
$1,190,000
Change: +168% · Conversion: Difficult
AUTO REPAIR, GARAGE
$865,000
Change: +94% · Conversion: Easy
OFFICE BUILDING
$810,000
Change: +82% · Conversion: Difficult
RESTAURANT
$775,000
Change: +74% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$660,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$635,000
Change: +43% · Conversion: Moderate
MEDICAL BUILDING
$520,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$91 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$42,393
Tax year 2023
Assessed value
$2,147,438
Assessed 2024
Previous assessed
$2,147,438
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$599,464
Assessed improvement
$1,547,974
Land market value
$599,464
Improvement market value
$1,547,974
Total market value
$2,147,438
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1929
Construction
METAL FRAME
Heating
STEAM
Cooling
NONE
Buildings
6
Stories
1
Total area
8,151 SF
Lot
3.5 ac (152,460 SF)
APN
371650000007
UPID
US83-3813251
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
WAREHOUSE, STORAGE Current
Est. value
$445,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$865,000
OFFICE BUILDING
Est. value
$810,000
RESTAURANT
Est. value
$775,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$660,000
RETAIL STORES
Est. value
$635,000
MEDICAL BUILDING
Est. value
$520,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1929
Construction
METAL FRAME
Heating
STEAM
Cooling
Yes
Stories
1
Buildings
6
Lot
3.5 ac
Current owner
From public records · entity-resolved
600 Hughes LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1702 TAYLOR ST STE #300, HOUSTON, TX 77007-3992
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2020
—
600 Hughes LLC
Schumacher International INC
Grant Deed
related
—
Dec 11, 2006
—
Schumacher Co INC
8350 Mosley Corp
Grant Deed
related
—
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.
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