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Property profile & analytics
OFF-MARKET
Estimated value
$5,250,000
Office buildings
7324 Swsw Fwy 717, Houston, TX 77074-2012
Entity Owned
5-yr Hold
Free & Clear
Property ID
US82-4555696
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
1981
Construction
STEEL & CONCRETE
Total area
434,725 SF
Lot
3.21 ac (139,954 SF)
APN
931760000047
UPID
US82-4555696
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.25M
Owner & transaction history
Bellaire Kingtown LLC · 5 yrs held
Bellaire Kingtown LLC
since 2020
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$12 / 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
$305,452
Tax year 2022
Assessed value
$14,792,833
Assessed 2024
Previous assessed
$15,160,331
-2.4% YoY
Effective rate
2.06%
On assessed value
Assessed land
$2,799,120
Assessed improvement
$11,993,713
Land market value
$2,799,120
Improvement market value
$11,993,713
Total market value
$14,792,833
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
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Status
Off-Market
Year built
1981
Construction
STEEL & CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
21
Total area
434,725 SF
Lot
3.21 ac (139,954 SF)
APN
931760000047
UPID
US82-4555696
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
1981
Construction
STEEL & CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
21
Buildings
2
Lot
3.21 ac
Current owner
From public records · entity-resolved
Bellaire Kingtown LLC
Entity
Free & Clear · 5 yrs held
Mailing address
7324 NSW FWY STE #1900, HOUSTON, TX 77074-2057
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jul 6, 2020
—
Bellaire Kingtown LLC
Xj & K Property LLC
Correction Deed
related
—
Mar 16, 2020
—
Bellaire Kingtown LLC
Xj & K Property LLC
Grant Deed
related
—
Aug 27, 1997
—
Arena Towers Partners LP
Arena Tower II Corp
Quit Claim Deed
related
$40,750,000 · Credit Suisse First Boston Mtg
—
—
Arena Group LP
—
Deed Of Trust
related
$18,500,000 · Woodforest Nat'l Bk
—
—
Arena Group LP
—
Deed Of Trust
related
$9,500,000 · Woodforest Nat'l 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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