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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Banks
600 Mcgowen St Houston, TX 77006-2326
Entity Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-4404731
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2007
Construction
BRICK
Total area
6,433 SF
Lot
0.89 ac (38,751 SF)
APN
1290720010001
UPID
US82-4404731
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
-
Chase Mortgage Loan Service Bank
-
Chase ATM Atm
-
Chase Bank Bank Loan Service
-
Muhammad Fateh Abdul Muqtadir - Chase Home Lending Advisor - NMLS ID 1164205 Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$770k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$554k
Blend (final)
Blend
$660k
Owner & transaction history
Westheimer Wilcrest Gp LLC · 21 yrs held
Westheimer Wilcrest Gp LLC
since 2005
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$915,000
+114.8%
Restaurant
$695,000
+63.1%
Auto repair, garage
$600,000
+41.1%
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
$770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$425,000
Current use
COMMERCIAL (GENERAL)
$915,000
Change: +115% · Conversion: Difficult
RESTAURANT
$695,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$600,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$525,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$500,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$480,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$415,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$103 / 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
$80,603
Tax year 2022
Assessed value
$3,968,405
Assessed 2024
Previous assessed
$4,000,527
-0.8% YoY
Effective rate
2.03%
On assessed value
Assessed land
$2,906,325
Assessed improvement
$1,062,080
Land market value
$2,906,325
Improvement market value
$1,062,080
Total market value
$3,968,405
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2007
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
6,433 SF
Lot
0.89 ac (38,751 SF)
APN
1290720010001
UPID
US82-4404731
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
FINANCIAL BUILDING Current
Est. value
$425,000
COMMERCIAL (GENERAL)
Est. value
$915,000
RESTAURANT
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$600,000
RETAIL STORES
Est. value
$525,000
WAREHOUSE, STORAGE
Est. value
$500,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$480,000
OFFICE BUILDING
Est. value
$415,000
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE 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
2007
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Westheimer Wilcrest Gp LLC
Entity
Free & Clear · 21 yrs held
Mailing address
2410 POLK ST STE #200, HOUSTON, TX 77003-4341
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
May 10, 2005
—
Westheimer Wilcrest Gp LLC
Wilcrest Pads Ltd
Quit Claim Deed
related
—
—
—
Mcgowen Retail Ltd
—
Deed Of Trust
related
$3,900,000 · Rga Reinsurance Co
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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