New search
Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Strip malls
12653 State Hwy 249, Houston, TX 77086
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-6268745
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2020
Construction
CONCRETE BLOCKS
Total area
18,118 SF
Lot
16.35 ac (712,023 SF)
APN
1415290010001
UPID
US82-6268745
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$745k
Blend (final)
Blend
$870k
Owner & transaction history
249 Marketplace Six LLC · 7 yrs held
249 Marketplace Six LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+98.7%
Office building
$1.3M
+95.8%
Medical building
$1.2M
+79.7%
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
$1,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$645,000
Current use
RETAIL STORES
$1,280,000
Change: +99% · Conversion: Easy
OFFICE BUILDING
$1,260,000
Change: +96% · Conversion: Moderate
MEDICAL BUILDING
$1,155,000
Change: +80% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,135,000
Change: +76% · Conversion: Difficult
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$48 / 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
$10,784
Tax year 2022
Assessed value
$13,603,300
Assessed 2024
Previous assessed
$13,018,400
+4.5% YoY
Effective rate
0.08%
On assessed value
Assessed land
$8,037,900
Assessed improvement
$5,565,400
Land market value
$8,037,900
Improvement market value
$5,565,400
Total market value
$13,603,300
Applied tax rate
17.0000
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
2020
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
NONE
Buildings
4
Total area
18,118 SF
Lot
16.35 ac (712,023 SF)
APN
1415290010001
UPID
US82-6268745
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
$645,000
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
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
2020
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Buildings
4
Lot
16.35 ac
Current owner
From public records · entity-resolved
249 Marketplace Six LLC
Entity
Free & Clear · 7 yrs held
Mailing address
10080 BELLAIRE BLVD STE #220, HOUSTON, TX 77072-5255
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Aug 18, 2020
—
249 Marketplace Five LLC
—
Deed
related
$3,500,000 · Philadelphia American Life Ins
Jan 24, 2020
—
249 Marketplace Six LLC
—
Deed
related
$3,500,000 · Philadelphia American Life Ins
Sep 17, 2018
—
249 Marketplace Six LLC
Ltd Investment Corp
Grant Deed
related
—
Jul 27, 2017
—
Ltd Investment Corp
Liril Ents INC
Grant Deed
$3,960,000 · Allegiance Bk
Mar 7, 2007
—
Conde Louis R Trust
N3 Dev Ltd
Grant Deed
$730,000 · Pacific Capital Bank NA
Jan 9, 2006
—
N3 Dev Ltd
Liril Ents INC
Grant Deed
$1,194,600 · Graham Mortgage Corp
—
—
249 Marketplace Six LLC
—
Deed Of Trust
related
$3,500,000 · Philadelphia American Life Ins
—
—
249 Marketplace Six LLC
—
Loan Modification
related
$3,500,000 · Philadelphia American Life Ins
—
—
249 Marketplace Five LLC
—
Loan Modification
related
$3,500,000 · Philadelphia American Life Ins
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 12653 State Hwy 249?
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.
