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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Office buildings
3550 12th St, Houston, TX 77008-6006
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US82-3378939
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Construction
WOOD FRAME
Total area
7,560 SF
Lot
2.09 ac (91,215 SF)
APN
440820030065
UPID
US82-3378939
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
-
Swanson Law Firm, PLLC Law Firm
-
Love Advertising Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$812k
Blend (final)
Blend
$825k
Owner & transaction history
3550 West 12th Street LLC · 9 yrs held
3550 West 12th Street LLC
since 2016
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$985,000
+71.9%
Restaurant
$940,000
+64.3%
Retail stores
$795,000
+38.8%
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
OFFICE BUILDING
$575,000
Current use
AUTO REPAIR, GARAGE
$985,000
Change: +72% · Conversion: Difficult
RESTAURANT
$940,000
Change: +64% · Conversion: Moderate
RETAIL STORES
$795,000
Change: +39% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$555,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$540,000
Change: -6% · Conversion: Difficult
MEDICAL BUILDING
$530,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$825k
Range $743k – $908k · ±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
$109 / 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
$54,400
Tax year 2022
Assessed value
$2,865,555
Assessed 2024
Previous assessed
$2,996,038
-4.4% YoY
Effective rate
1.90%
On assessed value
Assessed land
$1,368,210
Assessed improvement
$1,497,345
Land market value
$1,368,210
Improvement market value
$1,497,345
Total market value
$2,865,555
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1968
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Total area
7,560 SF
Lot
2.09 ac (91,215 SF)
APN
440820030065
UPID
US82-3378939
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
OFFICE BUILDING Current
Est. value
$575,000
AUTO REPAIR, GARAGE
Est. value
$985,000
RESTAURANT
Est. value
$940,000
RETAIL STORES
Est. value
$795,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$555,000
WAREHOUSE, STORAGE
Est. value
$540,000
MEDICAL BUILDING
Est. value
$530,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1968
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
2.09 ac
Current owner
From public records · entity-resolved
3550 West 12th Street LLC
Entity
Mailing address
3550 W 12TH ST, HOUSTON, TX 77008-6006
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2016
—
3550 West 12th Street LLC
Lamb Dev LLC
Grant Deed
$3,846,723 · Branch Bk&tr
Dec 16, 2014
—
Lamb Dev LLC
—
Grant Deed
related
$1,680,000 · Bank Of America
Mar 25, 2013
—
Lamb Dev LLC
Jpm West 12th LLC
Grant Deed
$800,000 · Amegy Bank NA
Jul 19, 2011
—
Jpm West 12th LLC
Lewis-goetz & Co INC
Quit Claim Deed
$320,000 · Vista Bank
Aug 24, 2007
—
Lewis-goetz & Co INC
—
Deed Of Trust
related
$32,000,000 · General Electric Capital Corp
May 2, 2006
—
Lewis Goetz & Co INC
Goodall Rubber Co
Warranty Deed
—
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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