Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    600 Pr St Houston, TX 77002
    Back to Search
    Property profile & analytics

    600 Pr St, Houston, TX 77002

    View on Map
    • Parking lots & garages
    • 298,464 SF
    • 0.58 lot acres
    Off-Market
    Property ID
    US82-0411115
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 600 Pr St

    Year built
    1982
    Construction
    STEEL & CONCRETE
    Lot size
    0.58 lot acres
    Property type
    Parking lots & garages
    APN
    10600000004
    APU
    10600000004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 7, 2017 — Houston Pt Bac Office LP — Grant Deed · related $252M · Starwood Prop Mtg
    Nov 16, 2005 — Vaf 700 Louisiana Hines 700 Louisiana Ltd Quit Claim Deed · related —
    Dec 6, 1999 — 700 Louisiana Ltd Atlanta Life Insurance Co Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3651
    Latitude
    29.7623
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $232,186
    $6,358,250
    $4,994,799
    $11,353,049
    -
    $6,358,250
    $4,994,799
    $11,353,049

    Comparable in this City

    • Value Estimation
      $595,000
      969,192 SF

      701 Jefferson St, Unit 1500

      PARKING GARAGE, PARKING STRUCTURE
      701 Jefferson St, Houston, TX 77002-8046
      View Details
    • Value Estimation by Request
      120,373 SF

      1910 Bagby St

      PARKING GARAGE, PARKING STRUCTURE
      1910 Bagby St, Houston, TX 77002-8506
      View Details
    • Value Estimation by Request
      162,500 SF

      1311 Preston St, Unit 435

      PARKING GARAGE, PARKING STRUCTURE
      1311 Preston St, Houston, TX 77002-2012
      View Details
    • Value Estimation
      $690,000
      522,488 SF

      1311 Louisiana St

      PARKING GARAGE, PARKING STRUCTURE
      1311 Louisiana St, Houston, TX 77002
      View Details
    • Value Estimation
      $545,000
      242,000 SF

      1110 Rusk St, Unit 633

      PARKING GARAGE, PARKING STRUCTURE
      1110 Rusk St, Houston, TX 77002-3407
      View Details
    • Value Estimation by Request
      125,242 SF

      1212 Main St, Unit 250

      PARKING GARAGE, PARKING STRUCTURE
      1212 Main St, Houston, TX 77002-6805
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,152 SF

      Downtown Houston Redevelopment Opportunity

      Prime location near Downtown Houston with future development potential.
      2120 Louisiana St, Houston, TX 77002
      View Details
    • Contact for pricing
      49,901 SF

      Downtown Retail Space with Tunnel

      Retail space connected to Houston's climate-controlled tunnel system.
      1000 Main St, Houston, TX 77002
      View Details
    • $1,350,000

      Downtown Houston Restaurant - Bayou Lofts

      Prime Retail Condo, High ROI, 10-Year Lease
      909 Franklin St, Houston, TX 77002
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space in Houston, TX

      20,000 square foot retail space available in Houston, TX.
      421 Fannin St, Houston, TX 77002
      View Details
    • Contact for pricing
      5,905 SF

      Retail Space Available For Lease

      Retail space available for lease in Houston, TX.
      217 Gray St, Houston, TX 77002
      View Details
    • Contact for pricing
      3,865 SF

      Downtown Houston Retail Condominium

      Retail condominium in Downtown Houston with established restaurant tenant.
      909 Franklin St, Houston, TX 77002
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Houston Office Space Available

      Prime downtown location with ample parking and easy access.
      1600 Smith St, Houston, TX 77002
      View Details
    • $4,500 /Mo

      Historic Houston Building Retail Space

      Loft-style retail space in a historic Houston building.
      15 N Chenevert St, Houston, TX 77002
      View Details
    • Contact for pricing
      1,600 SF

      Retail and Restaurant Spaces Available

      Retail and restaurant spaces in Houston's Midtown submarket.
      308 W Gray St, Houston, TX 77002
      View Details
    • Contact for pricing
      22,316 SF

      Houston Retail Space: The Star

      Prime Houston retail space available.
      1111 Rusk St, Houston, TX 77002
      View Details
    • Contact for pricing
      9,926 SF

      Midtown Houston Retail Space

      Prime Houston Retail: 4,206 SF Available
      2020 Travis St, Houston, TX 77002
      View Details
    • Contact for pricing

      Adaptable Space in Urban Corridor

      Flexible space suitable for retail, office, or service-oriented businesses.
      2401 Fannin St, Houston, TX 77002
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    600 Pr St
    Houston, TX 77002
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    600 Pr St, Houston, TX, 77002
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!