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Property profile & analytics
OFF-MARKET
Retail space
743 18th St Houston, TX 77008-3529
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3250922
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1935
Construction
FRAME
Total area
2,528 SF
Lot
0.15 ac (6,551 SF)
APN
200930000027
UPID
US83-3250922
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
-
Lee Murphy Law Firm Law Firm
-
Lee Murphy Law Firm
-
The Merman Law Firm Law Firm
-
Terra Nova Pest Control Houston Garden Center
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
Mlf Interests LLC · 9 yrs held
Mlf Interests LLC
since 2016
7 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 2022Property tax & assessments
Tax year 2022
Tax billed
$13,847
Tax year 2022
Assessed value
$827,818
Assessed 2024
Previous assessed
$687,253
+20.5% YoY
Effective rate
1.67%
On assessed value
Assessed land
$491,250
Assessed improvement
$336,568
Land market value
$491,250
Improvement market value
$336,568
Total market value
$827,818
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1935
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Rooms
7
Bathrooms
3
Total area
2,528 SF
Lot
0.15 ac (6,551 SF)
APN
200930000027
UPID
US83-3250922
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
1935
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Rooms
7
Bathrooms
3
Lot
0.15 ac
Current owner
From public records · entity-resolved
Mlf Interests LLC
Entity
Mailing address
1410 PNE CHASE DR, HOUSTON, TX 77055-3442
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2016
—
Mlf Interests LLC
Pegaso Properties LLC
Venders Lien
$312,000 · Cadence Bank NA
Jan 23, 2009
—
Pegaso Properties LLC
Us Bank NA
Grant Deed
related
—
Aug 12, 2008
$146,427
Us Bank NA
Leva Jeff
Trustees Deed
related
—
Jun 22, 2005
—
Maria Rodriguez
Rodriguez,miguel A
Quit Claim Deed
—
—
—
Miguel Rodrigueza
—
Deed Of Trust
related
$15,675 · Beneficial Texas INC
—
—
Miguel A Rodriguez
—
Deed Of Trust
related
$34,943 · Beneficial Texas INC
—
—
Miguel A Rodriguez
—
Deed Of Trust
related
$120,000 · New Century Mortgage
—
—
Pegaso Properties LLC
—
Deed Of Trust
related
$258,000 · Bank Of Texas NA
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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