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Property profile & analytics
OFF-MARKET
Medical Office Space
4899 Griggs Rd Houston, TX 77021-2855
Entity Owned
6-yr Hold
Free & Clear
Property ID
US82-1431699
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Construction
CONCRETE BLOCKS
Total area
3,128 SF
Lot
0.17 ac (7,475 SF)
APN
700410010017
UPID
US82-1431699
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
-
Houston Eye Doctor Physician
-
Chike Rotimi Mordi 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
by Request
Owner & transaction history
Winning Solutions R & E LLC · 6 yrs held
Winning Solutions R & E LLC
since 2020
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,020
Tax year 2022
Assessed value
$565,800
Assessed 2024
Previous assessed
$546,973
+3.4% YoY
Effective rate
1.95%
On assessed value
Assessed land
$134,550
Assessed improvement
$431,250
Land market value
$134,550
Improvement market value
$431,250
Total market value
$565,800
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
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
3,128 SF
Lot
0.17 ac (7,475 SF)
APN
700410010017
UPID
US82-1431699
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
1983
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Winning Solutions R & E LLC
Entity
Free & Clear · 6 yrs held
Mailing address
4899 GRIGGS RD, HOUSTON, TX 77021-2855
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2020
—
Winning Solutions R & E LLC
Vision Care Insight PC
Correction Deed
related
—
May 27, 2020
—
Double Tee Time Lc
Winning Solutions R/e LLC
Warranty Deed
related
—
Feb 13, 2019
—
Winning Solutions R & E LLC
—
Deed
related
$4,551,000 · Newtek Small Busn Fin
Nov 30, 2017
—
Insight Vision Care PC
Sortin,frank
Warranty Deed
$314,900 · Allegiance Bk
Nov 8, 2017
—
Winning Solutions R & E LLC
Insight Vision Care PC
Grant Deed
related
—
Feb 12, 2016
—
Winning Solutions LLC
Insight Vision Care PC
Grant Deed
related
—
Jan 20, 2010
$120,000
Vision Care Insight PC
Sortin,frank
Grant Deed
—
—
—
Winning Solutions R & E LLC
—
Deed Of Trust
related
$4,551,000 · Newtek Small Busn Fin
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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