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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Banks
8773 Katy Fwy Houston, TX 77024-1703
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2756703
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1994
Construction
BRICK
Total area
10,236 SF
Lot
0.87 ac (37,915 SF)
APN
1179140000002
UPID
US82-2756703
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
-
Bank of America ATM (Drive-thru) Atm
-
Bank of America (with Drive-thru ATM) Bank Loan Service
-
Merrill Edge Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$680k
Blend (final)
Blend
$600k
Owner & transaction history
Nadg Nnn Boa Tx LP · 8 yrs held
Nadg Nnn Boa Tx LP
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$955,000
+41.1%
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
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$675,000
Current use
AUTO REPAIR, GARAGE
$955,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$655,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$615,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$59 / 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
$18,908
Tax year 2022
Assessed value
$3,484,320
Assessed 2024
Previous assessed
$3,533,567
-1.4% YoY
Effective rate
0.54%
On assessed value
Assessed land
$1,895,750
Assessed improvement
$1,588,570
Land market value
$1,895,750
Improvement market value
$1,588,570
Total market value
$3,484,320
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1994
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
10,236 SF
Lot
0.87 ac (37,915 SF)
APN
1179140000002
UPID
US82-2756703
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
FINANCIAL BUILDING Current
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$955,000
MEDICAL BUILDING
Est. value
$655,000
COMMERCIAL (GENERAL)
Est. value
$615,000
FINANCIAL BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1994
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Nadg Nnn Boa Tx LP
Entity
Free & Clear · 8 yrs held
Mailing address
3131 MCKINNEY AVE STE L10, DALLAS, TX 75204-2430
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2018
—
Nadg Nnn Boa Tx LP
Hedwig Redevelopment Ptrs Ltd
Grant Deed
related
—
Jun 7, 2017
—
Memorial Mob I LLC
Hedwig Redevelopment Ptrs Ltd
Grant Deed
related
—
Apr 21, 2017
—
Hedwig Redevelopment Ptrs Ltd
—
Loan Modification
related
$8,550,195 · Cadence Bk
Feb 3, 2014
—
Hedwig Redevelopment Ptrs Ltd
—
Trustees Deed
related
$2,950,000 · Cadence Bk
Jul 1, 2013
—
Hedwig Redevelopment Ptrs Ltd
—
Grant Deed
related
$2,975,000 · Cadence Bank
Sep 1, 2011
—
Hedwig Redevelopment Ptrs Ltd
Naba Houston Tx LP
Grant Deed
$1,500,000 · Encore Bank
—
—
Hedwig Redevelopment Ptrs Ltd
—
Deed Of Trust
related
$9,149,829 · Cadence Bk
—
—
Hedwig Redevelopment Ptrs Ltd
—
Loan Modification
related
$8,969,072 · Cadence Bk
—
—
Hedwig Redevelopment Ptrs Ltd
—
Loan Modification
related
$8,764,947 · Cadence 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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