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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Hospitals
11500 Spc Ctr Blvd Houston, TX 77059-3603
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2213407
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
2008
Construction
FRAME
Total area
40,979 SF
Lot
4.32 ac (188,136 SF)
APN
1262410010009
UPID
US82-2213407
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$965k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.06M
Blend (final)
Blend
$1.52M
Owner & transaction history
11500 Space Center LLC · 7 yrs held
11500 Space Center LLC
since 2019
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
$965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±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
$37 / 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
$79,242
Tax year 2022
Assessed value
$7,024,154
Assessed 2024
Previous assessed
$7,516,257
-6.5% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,881,360
Assessed improvement
$5,142,794
Land market value
$1,881,360
Improvement market value
$5,142,794
Total market value
$7,024,154
Applied tax rate
27.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
2008
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
40,979 SF
Lot
4.32 ac (188,136 SF)
APN
1262410010009
UPID
US82-2213407
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
2008
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
4.32 ac
Current owner
From public records · entity-resolved
11500 Space Center LLC
Entity
Mailing address
6051 N CRSE DR STE #100, HOUSTON, TX 77072-1668
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2019
—
11500 Space Center LLC
—
Grant Deed
related
$9,773,351 · Private Individual
Feb 24, 2015
—
11500 Space Center LLC|space Center Blvd Land Dev
—
Grant Deed
related
$11,450,000 · Pcg Credit Partners LLC
—
—
11500 Space Center LLC
—
Deed Of Trust
related
$234,117 · Retax Funding
—
—
11500 Space Center LLC
—
Deed Of Trust
related
$6,000,000 · Kurt Orban Partners LLC
—
—
11500 Space Center LLC
—
Deed Of Trust
related
$3,400,000 · Peah Capital LLC
—
—
11500 Space Center LLC
—
Deed Of Trust
related
$1,500,000 · Sterling Bank
—
—
11500 Space Center LLC
—
Deed Of Trust
related
$2,100,000 · Sterling 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.
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