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Property profile & analytics
FOR LEASE
Commercial real estate
125 W Parkwood Ave, Friendswood, TX 77546
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US82-4655188
For Lease
1 / 3
$3,100,000
125 W Parkwood Ave, Friendswood, TX 77546
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1992
Total area
35,055 SF
Lot
2.46 ac (107,118 SF)
APN
3486-0000-0001-000
UPID
US82-4655188
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
-
C. Foster Physical Therapy - Friendswood Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.07M
Blend (final)
Blend
$3.10M
Owner & transaction history
Good Bull Friendswood Retail LLC · 3 yrs held
Good Bull Friendswood Retail LLC
since 2022
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 Friendswood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Friendswood 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
COMMERCIAL (GENERAL)
$3,120,000
Current use
Blend value · Realmo final
$3.10M
Range $2.79M – $3.41M · ±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
$88 / 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 2018Property tax & assessments
Tax year 2018
Tax billed
$21,286
Tax year 2018
Assessed value
$5,110,200
Assessed 2023
Previous assessed
$5,110,200
+0.0% YoY
Effective rate
0.42%
On assessed value
Assessed land
$2,042,940
Assessed improvement
$3,067,260
Land market value
$2,042,940
Improvement market value
$3,067,260
Total market value
$5,110,200
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1992
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
20
Total area
35,055 SF
Lot
2.46 ac (107,118 SF)
APN
3486-0000-0001-000
UPID
US82-4655188
Jurisdiction
GALVESTON
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
COMMERCIAL (GENERAL) Current
Est. value
$3.1M
COMMERCIAL (GENERAL) Current
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
1992
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
20
Lot
2.46 ac
Current owner
From public records · entity-resolved
Good Bull Friendswood Retail LLC
Entity
Mailing address
10210 GROGANS ML RD #325, THE WOODLANDS, TX 77380-1143
Ownership since
2022
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
Oct 31, 2022
—
Good Bull Friendswood Retail LLC
Jmk 5 Holdings LLC
Venders Lien
$4,025,000 · Communitybank Of Texas NA
Mar 22, 2018
—
Jmk5 Holdings LLC
—
Deed
related
$3,000,000 · Smart Fin'l Cu
Oct 31, 2013
—
Jmk 5 Holdings LLC
Mckinney R/e Props I LP
Warranty Deed
related
$1,700,000 · Ronald C Malooly
Dec 7, 2004
—
Re Props I LP Mckinney
Clover Gate INC
Grant Deed
related
—
—
—
Jmk5 Holdings LLC
—
Deed Of Trust
related
$2,149,900 · Evangeline Bk&tr
—
—
Clover Gate INC
—
Deed Of Trust
related
$900,000 · Caddo East Estates I Ltd
—
—
Jmk5 Holdings LLC
—
Deed Of Trust
related
$3,000,000 · Smart Fin'l Cu
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?”
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