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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Medical Office Space
18003 Longenbaugh Rd Cypress, TX 77433-7196
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-1128770
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Construction
WOOD FRAME
Total area
10,976 SF
Lot
1.65 ac (71,874 SF)
APN
1331550020003
UPID
US83-1128770
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$648k
Blend (final)
Blend
$660k
Owner & transaction history
RUPANI PROPERTIES LLC
RUPANI PROPERTIES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+99.8%
Industrial (general)
$1.0M
+91.5%
Commercial (general)
$715,000
+32.5%
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 Cypress submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cypress 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
Method
Estimation
Statistic approach
by Request
ML approach
$670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$540,000
Current use
RESTAURANT
$1,075,000
Change: +100% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,030,000
Change: +92% · Conversion: Difficult
COMMERCIAL (GENERAL)
$715,000
Change: +33% · Conversion: Easy
AUTO REPAIR, GARAGE
$620,000
Change: +15% · Conversion: Difficult
WAREHOUSE, STORAGE
$485,000
Change: -10% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$455,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$660k
Range $594k – $726k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$60 / SF
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
$26,835
Tax year 2022
Assessed value
$4,013,313
Assessed 2024
Previous assessed
$3,905,830
+2.8% YoY
Effective rate
0.67%
On assessed value
Assessed land
$936,360
Assessed improvement
$3,076,953
Land market value
$936,360
Improvement market value
$3,076,953
Total market value
$4,013,313
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2017
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
10,976 SF
Lot
1.65 ac (71,874 SF)
APN
1331550020003
UPID
US83-1128770
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$540,000
RESTAURANT
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$715,000
AUTO REPAIR, GARAGE
Est. value
$620,000
WAREHOUSE, STORAGE
Est. value
$485,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$455,000
MEDICAL BUILDING Current
RESTAURANT
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
1.65 ac
Current owner
From public records · entity-resolved
RUPANI PROPERTIES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3624 JOSEFINA, LAREDO, TX 78041-1956
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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