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Property profile & analytics
OFF-MARKET
Office Spaces
917 Main St B1 Houston, TX 77002-6412
Individually Owned
6-yr Hold
Free & Clear
Property ID
US82-5449291
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1920
Construction
BRICK
Total area
7,670 SF
Lot
0.02 ac (688 SF)
APN
1272590000067
UPID
US82-5449291
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
-
Paula Baker Artist
-
Houston Behavioral Health LLC Crisis Center Medical Clinic
-
Coinhub Bitcoin ATM Teller Atm
-
Kirby Lofts Condominium Complex
-
UPS Access Point location Courier Service Postal Service
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
Kirby Lofts Condo Assn · 6 yrs held
Kirby Lofts Condo Assn
since 2020
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
$17,078
Tax year 2022
Assessed value
$779,773
Assessed 2024
Previous assessed
$847,601
-8.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$207,000
Assessed improvement
$572,773
Land market value
$207,000
Improvement market value
$572,773
Total market value
$779,773
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1920
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
7,670 SF
Lot
0.02 ac (688 SF)
APN
1272590000067
UPID
US82-5449291
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
1920
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
0.02 ac
Current owner
From public records · entity-resolved
Kirby Lofts Condo Assn
Individual
Free & Clear · 6 yrs held
Mailing address
PO BOX 19562, HOUSTON, TX 77224-9562
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2020
—
Kirby Lofts Condo Assn
Gerdes Sarah B|thorn Ents LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Sep 26, 2019
—
Thorn Ents LLC
Lewis,isiah M
Warranty Deed
$1,236,000 · Texas Fndg
Nov 12, 2018
—
917 Management LLC
Kirby L C A C
Grant Deed
related
—
Sep 13, 2018
—
Kirby Lofts Condo Assn
Gerdes Sarah B|917 Management LLC
Trustees Deed
related
—
Jul 25, 2017
—
917 Management LLC
Williams,robert J
Grant Deed
$1,000,000 · Htx Underground LLC
Mar 11, 2014
$200,000
Robert J Williams
Slaughter Kristi A
Trustees Deed
—
Dec 26, 2013
—
Grove Ents
—
Trustees Deed
related
$27,000 · Hempstead Pre Psp/tr 401k (ct)
Apr 26, 2013
—
Grove Ents
260 El Dorado LLC
Warranty Deed
$825,000 · Robert J Williams
Nov 12, 2012
$100
Lofts Condo Assn Kirby
Ortego Brady E
Trustees Deed
related
—
Nov 9, 2012
$278,000
260 El Dorado LLC
Constable Of Harris County
Trustees Deed
—
Feb 28, 2012
$3,000
Lofts Condo Assn Kirby
Constable Of Harris County
Trustees Deed
related
—
—
—
Grove Ents
—
Loan Modification
related
$88,700 · Gary Fleming
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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