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Property profile & analytics
OFF-MARKET
Office Spaces
12828 Willow Ctr Dr4-a Houston, TX 77066-3043
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-5310060
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2005
Construction
WOOD FRAME
Total area
675 SF
Lot
0.07 ac (2,884 SF)
APN
1250590040001
UPID
US82-5310060
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
-
Expedey (Bike/Boat/Book/etc) Store Corporate Office
-
Memories By Jackie Wedding Service Photography Service
-
GBG Go Be Great LLC Gym & Fitness Center
-
L3 Elite Gym & Fitness Center
-
JDD Accounting & Tax Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Quickturn Realty Invs INC · 18 yrs held
Quickturn Realty Invs INC
since 2008
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$943
Tax year 2022
Assessed value
$132,325
Assessed 2024
Previous assessed
$122,226
+8.3% YoY
Effective rate
0.71%
On assessed value
Assessed land
$17,298
Assessed improvement
$115,027
Land market value
$17,298
Improvement market value
$115,027
Total market value
$132,325
Applied tax rate
4.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2005
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
675 SF
Lot
0.07 ac (2,884 SF)
APN
1250590040001
UPID
US82-5310060
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
Building & site characteristics
From public records
Year built
2005
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Quickturn Realty Invs INC
Entity
Mailing address
2411 BARTON SHR DR, PEARLAND, TX 77584-3952
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2009
—
Jolly Properties II
—
Trustees Deed
related
$2,538,556 · Southwestern National Bank
Jan 10, 2008
—
Quickturn Realty Invs INC
Mlmi Trust 2006-wmc2
Grant Deed
$56,000 · Bridge Investments LP
Jan 9, 2008
—
Jolly Properties II
—
Trustees Deed
related
$2,538,556 · Southwestern National Bank
Feb 18, 2005
—
Nancy M Taube-thibault
Bright Builders LLC
Warranty Deed
$120,000 · Wells Fargo Bank
—
—
Gurdev LLC
—
Deed Of Trust
related
$267,291 · Tax Ease Fndg
—
—
Gurdev LLC
—
Loan Modification
related
$190,464 · Tax Ease Funding LP
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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