New search
Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Medical Office Space
1010 Waverly St, Houston, TX 77008-6760
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-2765570
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
METAL FRAME
Total area
7,330 SF
Lot
0.3 ac (13,199 SF)
APN
1279490010001
UPID
US83-2765570
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
-
Claghorn Lesem Research Clinic Medical Clinic
-
Claghorn Lesem Research Associates: Stockwell Douglas MD Physician
-
Nova Recovery Center Drug and Alcohol Rehab - Houston, TX Medical Clinic
-
Powers Jason MD Physician
-
Eudaimonia Home Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$541k
Blend (final)
Blend
$540k
Owner & transaction history
Corvins Detox Center LLC · 8 yrs held
Corvins Detox Center LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$770,000
+50.6%
Office building
$555,000
+8.5%
Apartment house (5+ units)
$540,000
+5.1%
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
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$515,000
Current use
RETAIL STORES
$770,000
Change: +51% · Conversion: Difficult
OFFICE BUILDING
$555,000
Change: +8% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$540,000
Change: +5% · Conversion: Moderate
WAREHOUSE, STORAGE
$525,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$74 / 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
$50,989
Tax year 2022
Assessed value
$2,565,352
Assessed 2024
Previous assessed
$2,530,719
+1.4% YoY
Effective rate
1.99%
On assessed value
Assessed land
$1,319,900
Assessed improvement
$1,245,452
Land market value
$1,319,900
Improvement market value
$1,245,452
Total market value
$2,565,352
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
7,330 SF
Lot
0.3 ac (13,199 SF)
APN
1279490010001
UPID
US83-2765570
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
MEDICAL BUILDING Current
Est. value
$515,000
RETAIL STORES
Est. value
$770,000
OFFICE BUILDING
Est. value
$555,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$540,000
WAREHOUSE, STORAGE
Est. value
$525,000
MEDICAL BUILDING Current
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
2007
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Corvins Detox Center LLC
Entity
Mailing address
2526 BELLMEADE ST, HOUSTON, TX 77019-6216
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2017
—
Corvins Detox Center LLC
Rockwell Developers INC
Warranty Deed
$2,800,000 · Amegy Bk
May 21, 2015
—
Rockwell Developers INC
Trustmark Natl Bk
Grant Deed
related
—
Feb 3, 2015
$1,868,136
Trustmark Natl Bk
Devlin Naylor & Turbyfill|ashland Research Unit Ll
Trustees Deed
related
—
Aug 19, 2005
—
Ashland Research Unit LLC
Ostlind Thomas INC
Warranty Deed
$250,000 · Frost National Bank
Apr 5, 2005
—
Ostlind Thomas INC
Das Properties INC
Warranty Deed
$240,000 · Sterling Bank
—
—
Ashland Research Unit LLC
—
Deed Of Trust
related
$769,117 · Trustmark National Bank
—
—
Ashland Research Unit LLC
—
Deed Of Trust
related
$24,079 · Tax Ease Fndg
—
—
Ashland Research Unit LLC
—
Deed Of Trust
related
$104,961 · Bankers Healthcare Grp INC
—
—
Ashland Research Unit LLC
—
Deed Of Trust
related
$760,653 · Trustmark National Bank
—
—
Ashland Research Unit LLC
—
Deed Of Trust
related
$1,096,000 · Trustmark National Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1010 Waverly St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
