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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Hotels
806 Main St 328, Houston, TX 77002-6103
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-4154903
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
224,914 SF
Lot
0.45 ac (19,733 SF)
APN
1423010010001
UPID
US83-4154903
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
-
Houston Wholesale Sauna Store Corporate Office
-
Houston Infrared Sauna Dealer Corporate Office
-
Bayou Music Theater Nightclub Bar & Pub
-
Exclusive Temporaries Employment Agency
-
Main Kitchen & 806 Lounge Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.01M
Owner & transaction history
Avr Houston 806 Main Street Tenant · 3 yrs held
Avr Houston 806 Main Street Tenant
since 2022
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
Method
Estimation
Statistic approach
by Request
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$880,000
Current use
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,185,690
Tax year 2023
Assessed value
$67,462,516
Assessed 2024
Previous assessed
$58,848,705
+14.6% YoY
Effective rate
1.76%
On assessed value
Assessed land
$5,919,600
Assessed improvement
$61,542,916
Land market value
$5,919,600
Improvement market value
$61,542,916
Total market value
$67,462,516
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
224,914 SF
Lot
0.45 ac (19,733 SF)
APN
1423010010001
UPID
US83-4154903
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
HOTEL/MOTEL Current
Est. value
$880,000
HOTEL/MOTEL 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
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Avr Houston 806 Main Street Tenant
Individual
Free & Clear · 3 yrs held
Mailing address
12770 EL CAMINO REAL STE #200, SAN DIEGO, CA 92130-2247
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 11, 2022
—
Avr Houston 806 Main Street Tenant
Avr Houston 806 Main Street LLC
Lease
—
Jul 10, 2019
—
Avr Houston 806 Main Street Ll
806 Main Hotel LLC
Quit Claim Deed
related
$21,580,000 · Manufacturers & Traders Tr
Nov 7, 2016
—
806 Main Hotel LLC
—
Deed
related
$115,000,000 · Deutsche Bk Ag
Jan 5, 2015
—
806 Main Hotel LLC
—
Grant Deed
related
$115,000,000 · Ge Cap Bk
Apr 18, 2013
—
806 Main Hotel LLC
—
Trustees Deed
related
$7,500,000 · Bank Of The Ozarks
Jun 13, 2012
—
806 Main Hotel LLC
—
Trustees Deed
related
$35,000,000 · 806 Main Management LLC
Feb 10, 2012
—
806 Main Hotel LLC
806 Main Tier I LP
Quit Claim Deed
related
—
Jan 20, 2011
—
806 Main Tier 1 LP
806 Main Land LP
Quit Claim Deed
related
—
Mar 17, 2009
—
Bahar Dev INC
Main & Marietta
Warranty Deed
related
—
Jan 31, 2006
—
Main
Azita Management INC
Grant Deed
related
—
Jul 14, 2005
—
Azita Management INC
Hoobi
Grant Deed
—
—
—
806 Main Hotel LLC
—
Deed Of Trust
related
$35,000,000 · Bank Of The Ozarks
—
—
806 Main Hotel LLC
—
Deed Of Trust
related
$7,350,000 · Houston City (tx)
—
—
806 Main Hotel LLC
—
Loan Modification
related
$115,000,000 · Deutsche Bk Ag
—
—
Main
—
Deed Of Trust
related
$6,000,000 · Sajhpg Real Estate Trust (tr)
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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