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Property profile & analytics
OFF-MARKET
Office buildings
1703 12th St, Houston, TX 77008-6401
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US82-1549668
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
WOOD FRAME
Total area
3,578 SF
Lot
0.14 ac (6,199 SF)
APN
582430040006
UPID
US82-1549668
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
-
LiveWise Chiropractic Alternative Medicine Practice
-
Coastal Charter Club (Bike/Boat/Book/etc) Store
-
Cooper CPA Group Band Jam Business Networking Company
-
TEXAS ADDICTION RECOVERY Medical Clinic
-
Cooper CPA Group 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
1703 W 12th St LLC · 14 yrs held
1703 W 12th St LLC
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
$16,227
Tax year 2022
Assessed value
$879,350
Assessed 2024
Previous assessed
$805,396
+9.2% YoY
Effective rate
1.85%
On assessed value
Assessed land
$496,000
Assessed improvement
$383,350
Land market value
$496,000
Improvement market value
$383,350
Total market value
$879,350
Applied tax rate
1.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1960
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
3,578 SF
Lot
0.14 ac (6,199 SF)
APN
582430040006
UPID
US82-1549668
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
1960
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
1703 W 12th St LLC
Entity
Mailing address
1703 W 12TH ST, HOUSTON, TX 77008-6401
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2021
—
1703 W 12th St LLC
—
Deed
related
$350,000 · Southside Bank
Nov 6, 2018
—
1703 W 12th St LLC
—
Deed
related
$840,000 · Allegiance Bk
Aug 21, 2017
—
Cooper Cpa Group PC
—
Deed
related
$350,000 · Comerica Bk
Jun 28, 2012
—
1703 W 12th St LLC
Gary N Cooper Cpa PC
Warranty Deed
$496,000 · Bank Of River Oaks
Jul 9, 2010
—
Gary N Cooper Cpa PC
1201 Prince LP
Warranty Deed
$319,500 · Bank Of River Oaks
—
—
1703 W 12th St LLC
—
Deed Of Trust
related
$840,000 · Allegiance Bk
—
—
1703 W 12th St LLC
—
Deed Of Trust
related
$350,000 · Comerica Bk
—
—
1703 W 12th St LLC
—
Deed Of Trust
related
$461,000 · Comerica Bk
—
—
1703 W 12th St
—
Deed Of Trust
related
$347,000 · Comerica Bk
—
—
Cooper Cpa Group PC
—
Loan Modification
related
$400,000 · Comerica Bk
—
—
Cooper Cpa Group PC
—
Loan Modification
related
$350,000 · Comerica Bk
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.
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