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Property profile & analytics
OFF-MARKET
Estimated value
$3,750,000
Specialty properties
7122 Old Katy Rd Houston, TX 77024-2112
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4249470
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1946
Construction
METAL FRAME
Total area
37,686 SF
Lot
3.63 ac (158,023 SF)
APN
440820000042
UPID
US82-4249470
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
-
A Fare Extraordinaire Take-out & Catering Catering Service
-
Ackerley West Design Studio Interior Design Home Decor Store
-
Your Butlers Pantry Party Supply Store Rental Equipment Company
-
The Revaire Hotel & Motel Resort
-
Two Be Wed Wedding Service Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.75M
Owner & transaction history
7122 New Katy Road LLC · 8 yrs held
7122 New Katy Road LLC
since 2017
5 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$4,655,000
Current use
RESTAURANT
$3,810,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.75M
Range $3.38M – $4.13M · ±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
$100 / 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
$157,277
Tax year 2022
Assessed value
$7,845,773
Assessed 2024
Previous assessed
$7,806,046
+0.5% YoY
Effective rate
2.00%
On assessed value
Assessed land
$2,370,345
Assessed improvement
$5,475,428
Land market value
$2,370,345
Improvement market value
$5,475,428
Total market value
$7,845,773
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1946
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
37,686 SF
Lot
3.63 ac (158,023 SF)
APN
440820000042
UPID
US82-4249470
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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$4.7M
RESTAURANT
Est. value
$3.8M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
RESTAURANT
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
1946
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
3.63 ac
Current owner
From public records · entity-resolved
7122 New Katy Road LLC
Entity
Mailing address
3617 INWOOD DR, HOUSTON, TX 77019-3023
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2021
—
7122 New Katy Road LLC
—
Deed
related
$8,235,000 · Iberiabank
Aug 11, 2017
—
7122 New Katy Road LLC
7122 Old Katy Realty Ltd
Quit Claim Deed
related
$9,000,000 · Icon Bk/tx NA
Nov 22, 2016
—
7122 Old Katy Realty Ltd
Palmer,marc L & Steven J
Grant Deed
$1,500,000 · Frost Bk
Nov 10, 2016
—
Marc L Palmer
7122 Old Katy Road LLC
Quit Claim Deed
related
—
Sep 10, 2007
—
7122 Old Katy Rd LLC
Palmer,marc
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.
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