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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Office buildings
6430 Richmond Ave, Houston, TX 77057-5917
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-0285518
Property summary
AI-generated overview
This four-story, 44,177 square foot Class B office building, built in 1974 and renovated in 2015, offers a variety of spaces ideal for diverse businesses. Located in the Galleria area with excellent access to Highway 59 and I-610, the property boasts high visibility on Richmond Avenue and Fairdale Lane, providing three convenient points of ingress and egress. The building features 225 parking spaces and two elevators. Suites range from a minimum of 350 square feet to a maximum contiguous space of 11,000 square feet, accommodating businesses of all sizes. Amenities abound, with nearby gas stations, Walgreens, and various restaurants. One unit offers a unique independent entry, perfect for multi-service businesses such as cell phone or insurance offices. A large pylon sign is available for lease, enhancing visibility and branding opportunities. The building also includes spaces suitable for medical practices and call centers. The building sits on a two-acre lot and offers 10-foot ceiling heights. Multiple tenancy options are available.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
47,936 SF
Lot
1.56 ac (68,002 SF)
APN
460980000073
UPID
US82-0285518
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
-
Floor Decor LTD Carpet & Flooring Store Hardware & Home Improvement
-
Photo Zone - Houston Photography Service (Bike/Boat/Book/etc) Store
-
Silver Medical Services LLC Medical Clinic
-
Houston Insurance Agency, Inc Insurance Agency
-
Americo Eagle Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$776k
Blend (final)
Blend
$730k
Owner & transaction history
Richmond Tower LLC · 11 yrs held
Richmond Tower LLC
since 2014
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$15 / 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
$54,400
Tax year 2022
Assessed value
$3,081,494
Assessed 2024
Previous assessed
$3,053,235
+0.9% YoY
Effective rate
1.77%
On assessed value
Assessed land
$2,380,000
Assessed improvement
$701,494
Land market value
$2,380,000
Improvement market value
$701,494
Total market value
$3,081,494
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
4
Total area
47,936 SF
Lot
1.56 ac (68,002 SF)
APN
460980000073
UPID
US82-0285518
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
Building & site characteristics
From public records
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
Richmond Tower LLC
Entity
Free & Clear · 11 yrs held
Mailing address
7941 KATY FWY #732, HOUSTON, TX 77024-1924
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2014
—
Richmond Tower LLC
Csfb 2002-cp5 Office 6430 LLC
Grant Deed
related
—
Apr 1, 2014
—
Csfb 2002-cp5 Office 6430 LLC
Springer Michael P
Trustees Deed
related
—
Jul 3, 2006
—
Sorrento II LLC
6430 Richmond Atrium
Grant Deed
—
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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