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Property profile & analytics
OFF-MARKET
Estimated value
$13,535,000
Medical Office Space
2051 Greenhouse Rd Houston, TX 77084-7857
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-9110333
Property summary
AI-generated overview
This exceptional Class A medical office building, Greenhouse Medical Plaza, offers a prime opportunity for healthcare professionals seeking modern, efficient space in Houston, Texas. Located at 2051 Greenhouse Rd, 77084, in Harris County, this single, three-story building boasts a total of 114,414 square feet. Built in 2014, the property provides ample parking with a ratio of 4.5 spaces per 1,000 square feet. Multiple tenancy options are available, with spaces ranging from a minimum of 2,858 square feet to a maximum contiguous space of 18,613 square feet. Currently, there are 50,238 square feet of vacant space ready for immediate occupancy. The building's design caters specifically to medical practices, offering a professional and efficient environment. Its strategic location in Houston ensures high visibility and easy access for patients and staff. This is an unparalleled opportunity to establish or expand your medical practice in a thriving and well-equipped facility. Contact us today to learn more about the available spaces and lease terms.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
125,676 SF
Lot
6.13 ac (267,197 SF)
APN
1338270020002
UPID
US82-9110333
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
-
Hebah Aboul-Fotouh, MD Pediatrician Medical Clinic
-
One Step Diagnostic - Katy Medical Clinic
-
Katy Pediatric Associates Pediatrician Medical Clinic
-
FedEx Drop Box Postal Service Courier Service
-
Greenhouse Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.22M
Blend (final)
Blend
$13.54M
Owner & transaction history
Vrec II-tw Gmp Mob Spe LP · 7 yrs held
Vrec II-tw Gmp Mob Spe LP
since 2018
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$21.0M
+103.4%
Restaurant
$12.9M
+24.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$10,345,000
Current use
OFFICE BUILDING
$21,045,000
Change: +103% · Conversion: Easy
RESTAURANT
$12,925,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,920,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,605,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$13.54M
Range $12.18M – $14.89M · ±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
$108 / 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
$492,430
Tax year 2022
Assessed value
$34,558,428
Assessed 2024
Previous assessed
$28,066,845
+23.1% YoY
Effective rate
1.42%
On assessed value
Assessed land
$4,007,955
Assessed improvement
$30,550,473
Land market value
$4,007,955
Improvement market value
$30,550,473
Total market value
$34,558,428
Applied tax rate
19.0000
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
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
125,676 SF
Lot
6.13 ac (267,197 SF)
APN
1338270020002
UPID
US82-9110333
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
$10.3M
OFFICE BUILDING
Est. value
$21.0M
RESTAURANT
Est. value
$12.9M
COMMERCIAL (GENERAL)
Est. value
$9.9M
AUTO REPAIR, GARAGE
Est. value
$9.6M
MEDICAL BUILDING Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Lot
6.13 ac
Current owner
From public records · entity-resolved
Vrec II-tw Gmp Mob Spe LP
Entity
Free & Clear · 7 yrs held
Mailing address
8235 DOUGLAS AVE STE #450, DALLAS, TX 75225-4300
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2018
—
Vrec II-tw Gmp Mob Spe LP
Greenhouse At Park Row LLC
Grant Deed
related
—
Mar 13, 2017
—
Greenhouse At Park Row LLC
Mercan Greenhouse LLC
Quit Claim Deed
related
—
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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