Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12301 Main St, Unit 120 Houston, TX 77035-6207

    • Hospitals
    • 64,291 SF
    • 46.49 lot acres
    OFF-MARKET
    Value Estimations
    $4,105,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5585748
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Emily Wu / Physician
    • Taylor Hise / Physician
    • FedEx Drop Box / Postal Service / Courier Service
    • Gloria Oyeniyi / Physician
    • Dr. Michael Mcclam / Physician

    Property Details for 12301 Main St

    Year built
    2011
    Construction
    WOOD FRAME
    Lot size
    46.49 lot acres
    Property size
    64,291 SF
    Property type
    Hospitals
    APN
    1302400010001
    APU
    1302400010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,103,000
      Market price range: $1.92M - $6.53M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $4,105,000
      Current use
      RESTAURANT
      $6,500,000
      Change: +58% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $5,855,000
      Change: +43% Conversion: Difficult
      OFFICE BUILDING
      $4,470,000
      Change: +9% Conversion: Easy
      RETAIL STORES
      $3,375,000
      Change: -18% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4575
    Latitude
    29.6469
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $910,000
      46,336 SF

      5556 Gasmer Dr

      HOSPITAL - PRIVATE • 46,336 SF
      5556 Gasmer Dr, Houston, TX 77035-4502
      View Details
    • Value Estimation by Request
      10,410 SF

      4910 Willowbend Blvd

      MEDICAL BUILDING • 10,410 SF
      4910 Willowbend Blvd, Houston, TX 77035-3222
      View Details
    • Value Estimation by Request
      4,930 SF

      11515 Chimney Rock Rd

      MEDICAL BUILDING • 4,930 SF
      11515 Chimney Rock Rd, Houston, TX 77035-2905
      View Details
    • Value Estimation
      $560,000
      20,598 SF

      5600 Willow Dr

      MEDICAL BUILDING • 20,598 SF
      5600 Willow Dr, Houston, TX 77035-4713
      View Details
    • Value Estimation by Request
      27,134 SF

      4710 Bellfort Ave

      HOMES (RETIRED, NURSING) • 27,134 SF
      4710 Bellfort Ave, Houston, TX 77035-3434
      View Details
    • Value Estimation by Request
      35,832 SF

      5201 Willow Dr, Unit 148

      HOMES (RETIRED, NURSING) • 35,832 SF
      5201 Willow Dr, Houston, TX 77035-4808
      View Details

    Similar Nearby for Sale

    • $200,000

      Land For Sale Houston

      Land available for sale in Houston, Texas.
      5239 Arboles Dr, Houston, TX 77035
      View Details
    • $150,000
      Pending

      Renovated Condo in Gated Community

      Fully renovated condo with modern amenities and convenient location.
      11550 Chimney Rock Unit 400 Rd, Houston, TX 77035
      View Details
    • $164,797

      Houston Specialty Property for Sale

      Specialty property available in Houston, Texas.
      12019 Bob White Dr, Houston, TX 77035
      View Details
    • $119,160

      Vacant Lot Near Intersection

      Vacant lot available through City of Houston Bid Sale.
      Braewick Dr, Houston, TX 77035
      View Details
    • Contact for pricing
      2,711 SF

      Houston Corner Lot Retail Building

      High-traffic retail space, excellent visibility.
      12511 Hillcroft St, Houston, TX 77035
      View Details
    • $129,900

      Condo in Secure Houston Community

      Upgraded condo with community pool, convenient location in Houston.
      11550 Chimney Rock Rd, Houston, TX 77035
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr

      Land Available For Lease

      Land for lease at 12355 Main Street, Houston, TX.
      12355 Main St, Houston, TX 77035
      View Details
    • Contact for pricing
      2,000 SF

      Warehouse Workshop with Office Space

      2000 SF warehouse with office, gated, and fenced.
      14435 Main St, Houston, TX 77035
      View Details
    • $20 SF/Yr
      4,932 SF

      Houston Retail Space: Post Oak Rd

      Prime Houston retail space, 1,000-4,932 SF available.
      11050 Post Oak Rd, Houston, TX 77035
      View Details
    • $14 SF/Yr
      4,403 SF

      Houston Office Space For Lease

      Single-story office building with 1,530 SF vacant.
      10519 Post Oak Rd, Houston, TX 77035
      View Details
    • Contact for pricing
      11,300 SF

      Auto Repair Shop For Lease

      Auto repair shop available for lease in Southwest Houston.
      5930 Greencraig Dr, Houston, TX 77035
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12301 Main St, Unit 120
    Houston, TX 77035-6207
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!