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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Medical Office Space
2202 La Br St, Houston, TX 77002-8934
Individually Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-1128153
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Construction
WOOD FRAME
Total area
7,646 SF
Lot
0.29 ac (12,502 SF)
APN
1382730010001
UPID
US83-1128153
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
-
Brett Baer, PT, DPT Physician
-
Spine & Rehabilitation Centers Alternative Medicine Practice
-
Mark Yezak, DC Alternative Medicine Practice
-
Reed Amedee, DC Alternative Medicine Practice
-
Scott Neuberger, DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$330k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$705k
Blend (final)
Blend
$515k
Owner & transaction history
Billings,michael D & Brucene E · 21 yrs held
Billings,michael D & Brucene E
since 2004
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$805,000
+65.1%
Commercial (general)
$715,000
+46.5%
Auto repair, garage
$715,000
+46.2%
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
$330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$490,000
Current use
RESTAURANT
$805,000
Change: +65% · Conversion: Difficult
COMMERCIAL (GENERAL)
$715,000
Change: +47% · Conversion: Easy
AUTO REPAIR, GARAGE
$715,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$550,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$67 / 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
$49,643
Tax year 2022
Assessed value
$2,403,657
Assessed 2024
Previous assessed
$2,463,924
-2.4% YoY
Effective rate
2.07%
On assessed value
Assessed land
$812,630
Assessed improvement
$1,591,027
Land market value
$812,630
Improvement market value
$1,591,027
Total market value
$2,403,657
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
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
7,646 SF
Lot
0.29 ac (12,502 SF)
APN
1382730010001
UPID
US83-1128153
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
$490,000
RESTAURANT
Est. value
$805,000
COMMERCIAL (GENERAL)
Est. value
$715,000
AUTO REPAIR, GARAGE
Est. value
$715,000
RETAIL STORES
Est. value
$550,000
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
0.29 ac
Current owner
From public records · entity-resolved
Billings,michael D & Brucene E
Individual
Free & Clear · 21 yrs held
Mailing address
25910 HVN LK DR, TOMBALL, TX 77375-2673
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2019
—
Hhh Properties LLC
—
Deed
related
$831,750 · North Tx Certified Dev
Dec 2, 2004
—
Billings,michael D & Brucene E
Halick,martin
Warranty Deed
related
—
—
—
Houston Bender Hollow LP
—
Deed Of Trust
related
$3,060,000 · Green Bk
—
—
Hhh Properties LLC
—
Deed Of Trust
related
$540,000 · Amegy Bk
—
—
Hhh Properties LLC
—
Deed Of Trust
related
$831,750 · North Tx Certified Dev
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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