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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Parking lots & garages
800 Sam Houston N Pkwy Houston, TX 77024
Entity Owned
Free & Clear
Property ID
US82-5553918
Property summary
AI-generated overview
Parkway I, a two-story, 42,774 square foot traditional office building in the Westchase submarket, offers exceptional space for lease. Located conveniently off Beltway 8 between Deerwood and Briar Forest, this property boasts newly renovated common areas completed in 2021, providing a modern and updated workspace. The building features 21 suites, with available spaces ranging from 504 to 10,599 contiguous square feet; currently, 22,419 square feet are vacant. Amenities include one elevator, covered parking (ratio of 4 spaces per 1000 square feet), and on-site property management. Its prime location offers easy access to major thoroughfares, including City Centre, Town & Country Village, Westheimer, and Richmond, along with convenient ingress and egress to the Sam Houston Tollway (Beltway 8). The building sits on 1.8 acres of land and benefits from its proximity to numerous dining and hotel options. Pricing is available upon request. The building was originally constructed in 1980. Contact us for more information or to schedule a tour.
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2012
Construction
STEEL FRAME
Total area
136,984 SF
Lot
0.84 ac (36,586 SF)
APN
1281720010005
UPID
US82-5553918
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
-
Artemis Financial SA Bank
-
New Energy Consulting Engineering Consultant Consultant
-
Light Of Islam Radio Station Telecommunications Service
-
Short Steven DC Alternative Medicine Practice
-
Huy Nguyen Alternative Medicine Practice Acupuncture
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$509k
Blend (final)
Blend
$570k
Owner & transaction history
MIDWAY T & C LAND INVESTORS
MIDWAY T & C LAND INVESTORS
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
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$350,000
Current use
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$4 / 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
$303,603
Tax year 2022
Assessed value
$7,940,120
Assessed 2024
Previous assessed
$28,797,171
-72.4% YoY
Effective rate
3.82%
On assessed value
Assessed land
$3,658,700
Assessed improvement
$4,281,420
Land market value
$3,658,700
Improvement market value
$4,281,420
Total market value
$7,940,120
Applied tax rate
25.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2012
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
1
Stories
4
Total area
136,984 SF
Lot
0.84 ac (36,586 SF)
APN
1281720010005
UPID
US82-5553918
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
PARKING LOT Current
Est. value
$350,000
PARKING LOT Current
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
2012
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
4
Buildings
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
MIDWAY T & C LAND INVESTORS
Individual
Free & Clear · 0 yrs held
Mailing address
800 TOWN AND COUNTRY BLVD STE #200, HOUSTON, TX 77024-4556
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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