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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Medical Office Space
208 Oak Dr S Ste 100, Lake Jackson, TX 77566-5640
Individually Owned
7-yr Hold
Free & Clear
Property ID
US82-2814481
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
4,950 SF
Lot
3.17 ac (138,085 SF)
APN
7133-0002-110
UPID
US82-2814481
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
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$577k
Blend (final)
Blend
$525k
Owner & transaction history
120th Avenue Ptshp Ltd · 7 yrs held
120th Avenue Ptshp Ltd
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$640,000
+43.6%
Auto repair, garage
$585,000
+31.9%
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 Lake Jackson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Jackson 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
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$445,000
Current use
OFFICE BUILDING
$640,000
Change: +44% · Conversion: Easy
AUTO REPAIR, GARAGE
$585,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$420,000
Change: -6% · Conversion: Difficult
WAREHOUSE, STORAGE
$390,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$106 / 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 2018Property tax & assessments
Tax year 2018
Assessed value
$5,209,310
Assessed 2023
Previous assessed
$4,850,000
+7.4% YoY
Assessed land
$718,040
Assessed improvement
$4,491,270
Land market value
$718,040
Improvement market value
$4,491,270
Total market value
$5,209,310
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
2008
Heating
PACKAGE
Buildings
7
Total area
4,950 SF
Lot
3.17 ac (138,085 SF)
APN
7133-0002-110
UPID
US82-2814481
Jurisdiction
BRAZORIA
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
$445,000
OFFICE BUILDING
Est. value
$640,000
AUTO REPAIR, GARAGE
Est. value
$585,000
RETAIL STORES
Est. value
$420,000
WAREHOUSE, STORAGE
Est. value
$390,000
MEDICAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
2008
Heating
PACKAGE
Buildings
7
Lot
3.17 ac
Current owner
From public records · entity-resolved
120th Avenue Ptshp Ltd
Individual
Free & Clear · 7 yrs held
Mailing address
PO BOX 280, LAKE JACKSON, TX 77566-0280
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2019
—
120th Avenue Ptshp Ltd
Nshe Tx Rainbowfish LLC
Grant Deed
related
—
Apr 23, 2018
—
Endana Oak Drive LLC
Oak Drive Business Park LLC
Quit Claim Deed
related
—
Jun 20, 2014
—
Oak Drive Business Park LLC
Clark,richard A
Grant Deed
$4,200,000 · Mc-five Mile Com'l Mtg Fin
Aug 22, 2008
—
Richard A Clark
—
Trustees Deed
related
$768,000 · Newfirst National Bank
Oct 31, 2007
—
Richard A Clark
Meah Nizam M
Warranty Deed
$1,033,232 · Newfirst National Bank
—
—
Richard A Clark
—
Deed Of Trust
related
$4,000,000 · Newfirst National Bank
—
—
Richard A Clark
—
Deed Of Trust
related
$1,279,092 · Newfirst National 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.
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