Back to Search
Property profile & analytics
OFF-MARKET
Office Spaces
12832 Willow Ctr Dr2-c Houston, TX 77066-3029
Individually Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-4636643
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
1250590020003
UPID
US82-4636643
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
-
The Law Office of Arif A. Syed, PLLC Law Firm
-
Grace Glow Spa Spa & Massage Center
-
Resseguie CPA Inc. Tax Preparation
-
ZainStar Enterprises LLC Tax Preparation
-
Ageless Aesthetics Academy High School Vocational School
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
Clarence Needham · 13 yrs held
Clarence Needham
since 2012
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
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
1250590020003
UPID
US82-4636643
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
Clarence Needham
Individual
Free & Clear · 13 yrs held
Mailing address
19819 STANTON LK DR, CYPRESS, TX 77433-2648
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2012
—
Clarence Needham
Comerica Bk
Grant Deed
related
—
Aug 22, 2012
$114,000
Comerica Bk
Wolfrom R Scott
Trustees Deed
related
—
Jun 12, 2012
—
G Nanak II LLC
Jolly Properties II LP
Warranty Deed
related
—
Jun 19, 2008
—
Bright Builders LLC
Hannover Pavillion LLP
Warranty Deed
$1,120,000 · Enterprise Bank
Oct 30, 2007
—
Doots Properties INC
Jolly Properties II
Warranty Deed
$580,000 · Frost National Bank
May 17, 2007
—
Houston Metropolitan Realty
Bright Builders LLC
Warranty Deed
$140,000 · Sterling Bank
—
—
Gurdev LLC
—
Deed Of Trust
related
$267,291 · Tax Ease Fndg
—
—
Gurdev LLC
—
Deed Of Trust
related
$116,254 · Tax Ease Funding LP
—
—
Gurdev LLC
—
Loan Modification
related
$190,464 · Tax Ease Funding LP
—
—
Bright Builders LLC
—
Deed Of Trust
related
$566,355 · Enterprise Bank
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 12832 Willow Ctr Dr2-c?
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.
