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Property profile & analytics
FOR SALE
Car washes
12573 Richmond Ave Houston, TX 77082
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US83-3531768
For Sale
1 / 5
$1,300,000
12573 Richmond Ave, Houston, TX 77082
View Listing →
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
2004
Construction
CONCRETE BLOCKS
Total area
8,930 SF
Lot
1.02 ac (44,501 SF)
APN
1235130010001
UPID
US83-3531768
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
-
Yo! Hip Hop Pop Up Shop (Bike/Boat/Book/etc) Store
-
A.J. Mister Clean Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$310k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$693k
Blend (final)
Blend
$500k
Owner & transaction history
Ashlyn & Jonathan INC · 12 yrs held
Ashlyn & Jonathan INC
since 2013
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
Method
Estimation
Statistic approach
by Request
ML approach
$310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$675,000
Current use
OFFICE BUILDING
$620,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$570,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$56 / 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
$14,137
Tax year 2022
Assessed value
$1,211,686
Assessed 2024
Previous assessed
$1,233,015
-1.7% YoY
Effective rate
1.17%
On assessed value
Assessed land
$356,008
Assessed improvement
$855,678
Land market value
$356,008
Improvement market value
$855,678
Total market value
$1,211,686
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
Car washes
Use group
CAR WASH - AUTOMATED
Status
For Sale
Year built
2004
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
8,930 SF
Lot
1.02 ac (44,501 SF)
APN
1235130010001
UPID
US83-3531768
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
AUTO REPAIR, GARAGE Current
Est. value
$675,000
OFFICE BUILDING
Est. value
$620,000
MEDICAL BUILDING
Est. value
$570,000
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
MEDICAL 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
2004
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.02 ac
Current owner
From public records · entity-resolved
Ashlyn & Jonathan INC
Entity
Mailing address
12573 RICHARD AVE, HOUSTON, TX 77082
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Oct 10, 2018
—
Ashlyn & Jonathan INC
—
Grant Deed
related
$1,657,500 · Plains St Bk
Aug 6, 2013
—
Ashlyn & Jonathan INC
Winn Tak INC
Grant Deed
$1,399,545 · Lone Star Bank NA
Jul 22, 2008
—
Winn Tak INC
Jc Moon INC
Warranty Deed
$1,688,000 · Lone Star Bank NA
Jul 9, 2008
—
Clean Car Wash Houston
Triple Z Investments
Warranty Deed
related
—
Apr 7, 2005
—
Four Seasons Self Storage Of Rich
Triple Z Investments
Grant Deed
related
—
—
—
Ashlyn & Jonathan INC
—
Deed Of Trust
related
$224,000 · Lone Star Bk
—
—
Jc Moon INC
—
Deed Of Trust
related
$1,650,000 · Comerica Bank
—
—
Clean Car Wash Houston
—
Deed Of Trust
related
$200,000 · Compass Bank
—
—
Winn Tak INC
—
Deed Of Trust
related
$30,000 · Lone Star Bank NA
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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