Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Strip malls
12225 Westheimer Rd Houston, TX 77077-6001
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3742920
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
CONCRETE BLOCKS
Total area
20,712 SF
Lot
1.67 ac (72,684 SF)
APN
1261810010001
UPID
US82-3742920
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
-
Frank's Grill Restaurant Cafe & Coffee Shop
-
Trishy's Spatique Nail Salon
-
Pinch A Penny Pool Patio Spa (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Calliope's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$568k
Blend (final)
Blend
$595k
Owner & transaction history
Houston Sky Business INC · 10 yrs held
Houston Sky Business INC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$920,000
+86.5%
Apartment house (5+ units)
$660,000
+33.9%
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
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$495,000
Current use
RETAIL STORES
$920,000
Change: +87% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$660,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$29 / 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
$45,515
Tax year 2022
Assessed value
$4,180,257
Assessed 2024
Previous assessed
$3,969,829
+5.3% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,817,100
Assessed improvement
$2,363,157
Land market value
$1,817,100
Improvement market value
$2,363,157
Total market value
$4,180,257
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
20,712 SF
Lot
1.67 ac (72,684 SF)
APN
1261810010001
UPID
US82-3742920
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$495,000
RETAIL STORES
Est. value
$920,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$660,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2005
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
Houston Sky Business INC
Entity
Mailing address
5200 HUISACHE ST, BELLAIRE, TX 77401-4932
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2015
—
Houston Sky Business INC
Good Days Properties LLC
Grant Deed
$3,487,500 · Wilshire Bk
Sep 20, 2011
—
Good Days Properties LLC
Wells Fargo Bk NA
Grant Deed
$1,840,000 · American First National Bank
Jul 1, 2011
$6,000,000
Fargo Bk NA Wells
Thomason,ron K
Trustees Deed
related
—
May 20, 2010
—
Pltq Lotus Group LP
—
Trustees Deed
related
$2,500,000 · Wells Fargo Bank
May 4, 2010
—
Pltq Lotus Group LP
—
Grant Deed
related
$5,779,203 · Wells Fargo Bank
—
—
Pltq Lotus Group
—
Deed Of Trust
related
$6,069,428 · Capital One
—
—
Good Days Properties LLC
—
Deed Of Trust
related
$1,840,000 · American First National Bank
—
—
Pltq Lotus Group
—
Deed Of Trust
related
$6,000,000 · Wachovia Bank NA
—
—
Good Days Properties LLC
—
Deed Of Trust
related
$400,000 · American First Nat'l Bk
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 12225 Westheimer Rd?
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.
