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Property profile & analytics
OFF-MARKET
Estimated value
$6,240,000
Hospitals
4000 Spencer Hwy Pasadena, TX 77504-1202
Entity Owned
11-yr Hold
Free & Clear
Property ID
US82-5419374
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1962
Construction
BRICK
Total area
141,861 SF
Lot
4.02 ac (174,981 SF)
APN
943200000043
UPID
US82-5419374
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
-
HCS Hospital
-
Bayshore Medical Center: Brunnemann Robin Renel MD Physician
-
Bayshore Medical Center: Ngo Vinh D MD Physician
-
Bayshore Medical Center: Lopez Rodolfo MD Physician
-
Dr. Rachel J. Armstrong, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.24M
Owner & transaction history
Dulce Holdings LLC · 11 yrs held
Dulce Holdings LLC
since 2015
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$9.2M
+10.2%
Apartment house (5+ units)
$9.2M
+9.8%
Retail stores
$8.8M
+5.3%
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 Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasadena 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
$8,395,000
Current use
WAREHOUSE, STORAGE
$9,245,000
Change: +10% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,215,000
Change: +10% · Conversion: Moderate
RETAIL STORES
$8,840,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$8,625,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$6.24M
Range $5.62M – $6.86M · ±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
$44 / 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
$614,667
Tax year 2022
Assessed value
$52,613,378
Assessed 2024
Previous assessed
$54,070,019
-2.7% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,049,880
Assessed improvement
$51,563,498
Land market value
$1,049,880
Improvement market value
$51,563,498
Total market value
$52,613,378
Applied tax rate
21.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1962
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
141,861 SF
Lot
4.02 ac (174,981 SF)
APN
943200000043
UPID
US82-5419374
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
$8.4M
WAREHOUSE, STORAGE
Est. value
$9.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.2M
RETAIL STORES
Est. value
$8.8M
OFFICE BUILDING
Est. value
$8.6M
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
OFFICE 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
1962
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
6
Lot
4.02 ac
Current owner
From public records · entity-resolved
Dulce Holdings LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 1504, NASHVILLE, TN 37202-1504
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2015
—
Dulce Holdings LLC
Dow,joseph G
Grant 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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