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Property profile & analytics
OFF-MARKET
Estimated value
$19,815,000
Hospitals
12141 Richmond Ave Houston, TX 77082-2408
Entity Owned
Free & Clear
Property ID
US82-3955829
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1984
Construction
BRICK
Total area
188,499 SF
Lot
18.99 ac (827,004 SF)
APN
1221920010001
UPID
US82-3955829
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
-
Kathy Vu, PharmD Pharmacy
-
Emergency Room at HCA Houston West Hospital
-
Dr. Meenakshi Jadhav, MD Physician
-
HAZEM MACHKHAS Physician Medical Clinic
-
Dr. Michael T. Caton, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.14M
Blend (final)
Blend
$19.82M
Owner & transaction history
CHCA WEST HOUSTON
CHCA WEST HOUSTON
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$30.5M
+153.5%
Restaurant
$19.1M
+58.4%
Auto repair, garage
$14.2M
+18.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$12,030,000
Current use
COMMERCIAL (GENERAL)
$30,490,000
Change: +153% · Conversion: Easy
RESTAURANT
$19,055,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,210,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$13,110,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$19.82M
Range $17.83M – $21.80M · ±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
$105 / 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
$1,047,251
Tax year 2022
Assessed value
$91,438,813
Assessed 2024
Previous assessed
$91,342,447
+0.1% YoY
Effective rate
1.15%
On assessed value
Assessed land
$9,924,048
Assessed improvement
$81,514,765
Land market value
$9,924,048
Improvement market value
$81,514,765
Total market value
$91,438,813
Applied tax rate
8.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1984
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
8
Stories
1
Total area
188,499 SF
Lot
18.99 ac (827,004 SF)
APN
1221920010001
UPID
US82-3955829
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
$12.0M
COMMERCIAL (GENERAL)
Est. value
$30.5M
RESTAURANT
Est. value
$19.1M
AUTO REPAIR, GARAGE
Est. value
$14.2M
OFFICE BUILDING
Est. value
$13.1M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1984
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
8
Lot
18.99 ac
Current owner
From public records · entity-resolved
CHCA WEST HOUSTON
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 80610, INDIANAPOLIS, IN 46280-0610
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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