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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Office buildings
6371 Richmond Ave, Houston, TX 77057-5928
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US83-4010374
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
BRICK
Total area
20,128 SF
Lot
0.95 ac (41,186 SF)
APN
460980010020
UPID
US83-4010374
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
-
Tribble | Ross : Wesson H. Tribble Law Firm
-
Tribble | Ross Law Firm
-
Roger N Schmidt & Associates Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$782k
Blend (final)
Blend
$655k
Owner & transaction history
Tynick Realty LLC · 12 yrs held
Tynick Realty LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+62.8%
Apartment house (5+ units)
$695,000
+12.7%
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
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$615,000
Current use
RETAIL STORES
$1,005,000
Change: +63% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$695,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$33 / 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
$67,569
Tax year 2022
Assessed value
$3,106,858
Assessed 2024
Previous assessed
$3,353,635
-7.4% YoY
Effective rate
2.17%
On assessed value
Assessed land
$1,441,475
Assessed improvement
$1,665,383
Land market value
$1,441,475
Improvement market value
$1,665,383
Total market value
$3,106,858
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
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
20,128 SF
Lot
0.95 ac (41,186 SF)
APN
460980010020
UPID
US83-4010374
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
OFFICE BUILDING Current
Est. value
$615,000
RETAIL STORES
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$695,000
OFFICE BUILDING Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1980
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Tynick Realty LLC
Entity
Mailing address
6371 RICHMOND AVE, HOUSTON, TX 77057-5928
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2014
—
Tynick Realty LLC
—
Trustees Deed
related
$962,000 · Amegy Bk
Apr 11, 2014
—
Tynick Realty LLC
Ariana Investments INC
Venders Lien
$2,065,000 · Amegy Mortgage Company LLC
Nov 5, 2010
—
Ariana Investments INC
Iranian Islamic Foundation-hou
Grant Deed
$1,114,143 · Sterling Bank
Oct 25, 2010
—
Ariana Investments INC
Iranian Islamic Foundation-hou
Grant Deed
$1,114,143 · Sterling Bank
Jun 14, 2007
—
Iranian Islamic Foun-houston
6371 Richmond LLC
Grant Deed
$1,240,000 · Sterling Bank
Sep 8, 2005
—
6371 Richmond LLC
Landen
Warranty Deed
$952,000 · Landen LP
—
—
Tynick Realty LLC
—
Loan Modification
related
$652,073 · Amegy Bk
—
—
Tynick Realty LLC
—
Deed Of Trust
related
$1,300,000 · Community Certified Dev Corp
—
—
Tynick Realty LLC
—
Loan Modification
related
$962,000 · Amegy Bk
—
—
Ariana Investments INC
—
Deed Of Trust
related
$1,240,000 · Comerica Bank
—
—
Ariana Investments INC
—
Deed Of Trust
related
$1,020,455 · Comerica Bank
—
—
Iranian Islamic Foundation-hou
—
Deed Of Trust
related
$100,000 · Sterling Bank
—
—
Iranian Islamic Foundation-hou
—
Deed Of Trust
related
$1,240,000 · Sterling Bank
—
—
Tynick Realty LLC
—
Loan Modification
related
$2,065,000 · Amegy Bk
—
—
Ariana Investments INC
—
Loan Modification
related
$1,002,118 · Comerica Bank
—
—
Tynick Realty LLC
—
Loan Modification
related
$652,073 · Amegy Bk
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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