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Property profile & analytics
OFF-MARKET
Auto shops
6678 Martin Luther King Blvd Houston, TX 77033-1814
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3748587
Property summary
AI-generated overview
This exceptional investment opportunity presents a 3,218 square foot retail building ideally situated in Houston, Texas, at 6678 Martin Luther King Blvd. Currently operating at 100% occupancy with two tenants under a gross lease, this property boasts a strong net operating income exceeding a 7% cap rate, currently at 8.21%. The building, constructed in 1940 and situated on a substantial 7,770-acre lot, is zoned for auto shop use. A portion of the roof was replaced in 2020. This owner-user opportunity is perfect for an investor seeking a stable, high-return asset. The property's prime location offers easy access to major thoroughfares and is less than three miles from the University of Houston and within six miles of the Texas Medical Center, Rice University, the Houston Museum District, and the Houston Zoo. The property features two units and is offered at $299,000 with 100% ownership. The Harris County APN is 0751900140018. This is a rare chance to acquire a well-maintained, high-performing retail property in a thriving Houston market.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1940
Construction
WOOD FRAME
Total area
3,218 SF
Lot
0.18 ac (7,771 SF)
APN
751900140018
UPID
US83-3748587
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
-
L T Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Cash For Cars Texas Car Dealership
-
MNS Auto Auto Repair Shop
-
Best Price Automotive Auto Repair Shop
-
Alpha Motorwerk and Diesel Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Family Fort For Life INC · 1 yrs held
Family Fort For Life INC
since 2025
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2020Property tax & assessments
Tax year 2020
Tax billed
$1,501
Tax year 2020
Assessed value
$105,967
Assessed 2024
Previous assessed
$110,461
-4.1% YoY
Effective rate
1.42%
On assessed value
Assessed land
$85,470
Assessed improvement
$20,497
Land market value
$85,470
Improvement market value
$20,497
Total market value
$105,967
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
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1940
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Buildings
1
Stories
1
Total area
3,218 SF
Lot
0.18 ac (7,771 SF)
APN
751900140018
UPID
US83-3748587
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
1940
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Family Fort For Life INC
Entity
Mailing address
5222 BLUE SAGE DR, PEARLAND, TX 77584-5008
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jan 16, 2025
—
Family Fort For Life INC
Thu Thi Nguyen
Deed
$189,000 · Velocity Commercial Capital LLC
Jan 9, 2008
—
Thu T Nguyen
Doan,loc M
Warranty Deed
related
—
Feb 28, 2007
—
Loc M Doan
Nguyen,thu T & Bao Q
Warranty Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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