Technical
Financial
Distress signals
Property profile

1616 Clear Lk City Blvd Houston, TX 77062

OFF-MARKET
Medical Office Space
Property ID
US82-4787360
20,730 SF 1.79 ac lot Built 1997
Entity Owned 6-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1997
Construction BRICK
Total area 20,730 SF
Lot 1.79 ac (77,855 SF)
APN 1169010010064
UPID US82-4787360

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Veterinary Clinic
  • Medical Clinic
  • Financial Advisor
  • Dental Office
  • Physician Medical Clinic

Location

1616 Clear Lk City Blvd Houston, TX 77062-8068
Houston metro Census 340800 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$810k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$995k

Owner & transaction history

since 2020
3 recorded transactions
2020
Price N/A
2001
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $1.5M +15.5%
Office building $1.4M +9.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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