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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Office buildings
21308 Provincial Blvd Katy, TX 77450-7580
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US82-0171690
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
BRICK
Total area
6,910 SF
Lot
0.36 ac (15,817 SF)
APN
1246440010023
UPID
US82-0171690
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
-
Endocrine and Psychiatry Center (Katy) Physician
-
Rakesh Patel Physician
-
Dr. Farheen Dojki Physician
-
Dr. Preeya Raghu, MD Physician
-
Noor Yazdanie Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$883k
Blend (final)
Blend
$900k
Owner & transaction history
Katy Rrv Partners · 17 yrs held
Katy Rrv Partners
since 2009
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 Katy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Katy 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
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$130 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$24,012
Tax year 2020
Assessed value
$1,302,120
Assessed 2024
Previous assessed
$1,323,059
-1.6% YoY
Effective rate
1.84%
On assessed value
Assessed land
$395,375
Assessed improvement
$906,745
Land market value
$395,375
Improvement market value
$906,745
Total market value
$1,302,120
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Construction
BRICK
Heating
FORCED AIR
Cooling
NONE
Buildings
1
Total area
6,910 SF
Lot
0.36 ac (15,817 SF)
APN
1246440010023
UPID
US82-0171690
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
2006
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Katy Rrv Partners
Entity
Mailing address
21308 PROVINCIAL BLVD, KATY, TX 77450-7580
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
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
Oct 21, 2019
—
Katy Rrv Partners LP
—
Deed
related
$846,806 · Bank Of Tx
Sep 26, 2016
—
Katy Rrv Partners LP
—
Deed
related
$346,806 · Bank Of Tx
Jun 25, 2009
—
Katy Rrv Partners
Greenpoint Mtg Funding INC
Grant Deed
$540,000 · Bank Of Tx
Jan 3, 2007
—
Brothers Financing I Christian
North 16
Grant Deed
$334,537 · Bank Of America
Jul 13, 2006
—
North 16
—
Trustees Deed
related
$499,000 · Sterling Bank
—
—
Katy Rrv Partners LP
—
Loan Modification
related
$846,806 · Bank Of Tx
—
—
Katy Rrv Partners LP
—
Loan Modification
related
$346,806 · Bank Of Tx
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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