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Property profile & analytics
OFF-MARKET
Specialty properties
11802 Louetta Rd Houston, TX 77070-1229
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US82-3583942
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1982
Construction
BRICK
Total area
2,686 SF
Lot
0.85 ac (37,000 SF)
APN
441400000116
UPID
US82-3583942
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
-
Lakewood Forest Veterinary Hospital Veterinary Clinic
-
Gary N Coursey Veterinary Clinic
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
Gary N Coursey · 5 yrs held
Gary N Coursey
since 2021
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 2020Property tax & assessments
Tax year 2020
Tax billed
$3,423
Tax year 2020
Assessed value
$483,461
Assessed 2024
Previous assessed
$501,472
-3.6% YoY
Effective rate
0.71%
On assessed value
Assessed land
$296,000
Assessed improvement
$187,461
Land market value
$296,000
Improvement market value
$187,461
Total market value
$483,461
Applied tax rate
26.0000
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
1982
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
2,686 SF
Lot
0.85 ac (37,000 SF)
APN
441400000116
UPID
US82-3583942
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
1982
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Gary N Coursey
Individual
Mailing address
11802 LOUETTA RD, HOUSTON, TX 77070-1229
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2021
—
Gary N Coursey
—
Deed
related
$20,000 · Communitybank Of Texas NA
Dec 12, 2019
—
Gary N Coursey
—
Deed
related
$190,000 · Community Bk/tx
Oct 15, 2019
—
Gary N Coursey
—
Deed
related
$15,000 · Community Bk/tx
Oct 11, 2018
—
Gary N Coursey
—
Trustees Deed
related
$15,000 · Community Bk/tx
Jan 15, 2014
—
Gary N Coursey
—
Trustees Deed
related
$138,762 · Trustmark Nat'l Bk
—
—
Coursey,gary N
—
Loan Modification
related
$138,762 · Trustmark Nat'l Bk
—
—
Gary N Coursey
—
Loan Modification
related
$15,000 · Community Bk/tx
—
—
Gary N Coursey
—
Deed Of Trust
related
$190,000 · Community Bk/tx
—
—
Gary N Coursey
—
Deed Of Trust
related
$180,000 · Community Bk/tx
—
—
Gary N Coursey
—
Deed Of Trust
related
$276,000 · Republic National Bank Miami
—
—
Gary N Coursey
—
Deed Of Trust
related
$160,000 · First 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.
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