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Property profile & analytics
OFF-MARKET
Strip malls
12950 Willow Ctr Dr Houston, TX 77066-3031
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2619766
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
CONCRETE BLOCKS
Total area
20,280 SF
Lot
1.97 ac (85,909 SF)
APN
1182490010013
UPID
US82-2619766
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
-
WQ Massage Spa & Massage Center
-
IKON Beauty Supply Cosmetic Store
-
Lee Garage Door Building Supply General Contractor
-
Jenn's Cozy Nail Salon Nail Salon
-
Xpertcomms Mobile Phone Store Electronics & Wireless Store
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
Soo J Han · 8 yrs held
Soo J Han
since 2017
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
$16,337
Tax year 2022
Assessed value
$2,166,512
Assessed 2024
Previous assessed
$2,116,935
+2.3% YoY
Effective rate
0.75%
On assessed value
Assessed land
$1,030,920
Assessed improvement
$1,135,592
Land market value
$1,030,920
Improvement market value
$1,135,592
Total market value
$2,166,512
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
20,280 SF
Lot
1.97 ac (85,909 SF)
APN
1182490010013
UPID
US82-2619766
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
2004
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Lot
1.97 ac
Current owner
From public records · entity-resolved
Soo J Han
Individual
Mailing address
12014 CONCHO BAY CT, HOUSTON, TX 77041-5753
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2019
—
Sfp Pool Six LLC
—
Deed
related
—
Aug 1, 2017
—
Soo J Han
Sfp Pool Six LLC
Grant Deed
$1,390,000 · Hanmi Bk
Jul 15, 2014
—
Sfp Pool Six LLC
Trigild INC
Trustees Deed
$34,000,000 · Private Bk
Oct 22, 2013
—
Trigild INC
Coldwater Portfolio Ptrs LLC
Grant Deed
related
—
Apr 5, 2006
—
Coldwater Portfolio Ptrs LLC
Willowbrook Texas Assocs LLC
Grant Deed
related
—
Feb 21, 2006
—
Coldwater Portfolio Properties LLC
Willowbrook Texas Associates LLC
Warranty Deed
$73,440,000 · Greenwich Capital Financial Product
—
—
Sfp Pool Six LLC
—
Loan Modification
related
—
—
—
Willowbrook Texas Assocs LLC
—
Deed Of Trust
related
$1,876,000 · Quail Creek 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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