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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Medical Office Space
411 1st St Bellaire, TX 77401
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-5191972
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Construction
BRICK
Total area
11,160 SF
Lot
0.48 ac (20,996 SF)
APN
1324650010003
UPID
US82-5191972
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
-
First Street Surgical Center: Nguyen Thanh Tien MD Physician
-
First Surgical Partners Inc. / First Street Surgical Center Medical Clinic Hospital
-
Greyhound Logistics Company Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$445k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$589k
Blend (final)
Blend
$520k
Owner & transaction history
First Street Holdings Ltd · 20 yrs held
First Street Holdings Ltd
since 2005
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 Bellaire submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellaire 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
$445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$735,000
Current use
APARTMENT HOUSE (5+ UNITS)
$690,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$47 / 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
$37,447
Tax year 2020
Assessed value
$1,944,645
Assessed 2024
Previous assessed
$1,883,689
+3.2% YoY
Effective rate
1.93%
On assessed value
Assessed land
$629,880
Assessed improvement
$1,314,765
Land market value
$629,880
Improvement market value
$1,314,765
Total market value
$1,944,645
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
1983
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
11,160 SF
Lot
0.48 ac (20,996 SF)
APN
1324650010003
UPID
US82-5191972
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
$735,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$690,000
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
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
1983
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
First Street Holdings Ltd
Entity
Mailing address
5773 WOODWAY DR STE #460, HOUSTON, TX 77057-1501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2018
—
First Street Holdings Ltd
—
Deed
related
$9,200,000 · Origin Bk
May 5, 2010
—
First Street Holdings Ltd
—
Deed Of Trust
related
$4,439,150 · Bank Of River Oaks
Jan 25, 2008
—
First Street Holdings Ltd
—
Deed Of Trust
related
$1,652,030 · Bank Of River Oaks
Nov 1, 2005
—
First Street Holdings Ltd
Islington Ltd
Warranty Deed
—
—
—
First Street Holdings Ltd
—
Deed Of Trust
related
$9,200,000 · Origin Bk
—
—
First Street Holdings Ltd
—
Deed Of Trust
related
—
—
—
First Street Holdings Ltd
—
Deed Of Trust
related
—
—
—
First Street Hosiptal
—
Deed Of Trust
related
$750,000 · Bank Of River Oaks
—
—
First Street Hospital LP
—
Loan Modification
related
$4,085,373 · Bank Of River Oaks
—
—
First Street Holdings Ltd
—
Deed Of Trust
related
$502,000 · Wells Fargo Bank
—
—
First Street Holdings Ltd
—
Deed Of Trust
related
$7,822,256 · Bank Of River Oaks
—
—
First Street Hospital LP
—
Loan Modification
related
$4,069,333 · Bank Of River Oaks
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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