Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Banks
628 11th St Houston, TX 77008-7110
Individually Owned
7-yr Hold
Free & Clear
Property ID
US83-3731075
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2020
Construction
METAL FRAME
Total area
6,232 SF
Lot
0.72 ac (31,250 SF)
APN
1281850010001
UPID
US83-3731075
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
-
Frost Bank Bank Loan Service
-
Heights Motor Bank Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$537k
Blend (final)
Blend
$570k
Owner & transaction history
Frost Bk · 7 yrs held
Frost Bk
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$815,000
+97.2%
Restaurant
$775,000
+88.4%
Retail stores
$655,000
+59.2%
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
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$410,000
Current use
AUTO REPAIR, GARAGE
$815,000
Change: +97% · Conversion: Difficult
RESTAURANT
$775,000
Change: +88% · Conversion: Difficult
RETAIL STORES
$655,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$475,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$460,000
Change: +11% · Conversion: Difficult
WAREHOUSE, STORAGE
$445,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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 2022Property tax & assessments
Tax year 2022
Tax billed
$97,315
Tax year 2022
Assessed value
$4,943,621
Assessed 2024
Previous assessed
$4,830,000
+2.4% YoY
Effective rate
1.97%
On assessed value
Assessed land
$3,437,500
Assessed improvement
$1,506,121
Land market value
$3,437,500
Improvement market value
$1,506,121
Total market value
$4,943,621
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
2020
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
6,232 SF
Lot
0.72 ac (31,250 SF)
APN
1281850010001
UPID
US83-3731075
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
$410,000
AUTO REPAIR, GARAGE
Est. value
$815,000
RESTAURANT
Est. value
$775,000
RETAIL STORES
Est. value
$655,000
OFFICE BUILDING
Est. value
$475,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$460,000
WAREHOUSE, STORAGE
Est. value
$445,000
FINANCIAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
2020
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Frost Bk
Individual
Free & Clear · 7 yrs held
Mailing address
PO BOX 1600, SAN ANTONIO, TX 78296-1600
Ownership since
2019
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
Aug 28, 2019
—
Park Blair
—
Loan Modification
related
$1,744,938 · Allegiance Bk/tx
May 31, 2019
—
Frost Bk
Blair,park & Sylvia
Warranty Deed
related
—
Jun 10, 2005
—
Blair,park & Sylvia
Moore,william I III & Barbara K
Warranty Deed
$480,000 · Patriot Bk/s Tipton
—
—
Blair,park & Sylvia
—
Loan Modification
related
$463,678 · Patriot Bk
—
—
Park Blair
—
Loan Modification
related
$463,678 · Patriot Bk
—
—
Park Blair
—
Deed Of Trust
related
$1,880,000 · Allegiance Bank Texas
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?”
You own 628 11th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
