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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Medical Office Space
5400 Katy Fwy Houston, TX 77007-4341
Individually Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0999152
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
WOOD FRAME
Total area
8,600 SF
Lot
0.55 ac (23,849 SF)
APN
1416080010001
UPID
US82-0999152
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
-
GB General Contractors, Inc. Construction Company General Contractor
-
iPharma LLC Pharmacy
-
Orr Commercial Real Estate Agency
-
RxClinx Medical Clinic
-
Gulf Coast Risk Solutions IT Consulting Firm Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$873k
Blend (final)
Blend
$730k
Owner & transaction history
Katy Freeway 5400 Ltd · 13 yrs held
Katy Freeway 5400 Ltd
since 2013
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$935,000
+70.4%
Auto repair, garage
$805,000
+46.2%
Retail stores
$720,000
+30.8%
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
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$550,000
Current use
RESTAURANT
$935,000
Change: +70% · Conversion: Difficult
AUTO REPAIR, GARAGE
$805,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$720,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$560,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$500,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$85 / 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
$55,377
Tax year 2022
Assessed value
$3,538,338
Assessed 2024
Previous assessed
$2,748,489
+28.7% YoY
Effective rate
1.57%
On assessed value
Assessed land
$1,967,543
Assessed improvement
$1,570,795
Land market value
$1,967,543
Improvement market value
$1,570,795
Total market value
$3,538,338
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
2002
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
8,600 SF
Lot
0.55 ac (23,849 SF)
APN
1416080010001
UPID
US82-0999152
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
$550,000
RESTAURANT
Est. value
$935,000
AUTO REPAIR, GARAGE
Est. value
$805,000
RETAIL STORES
Est. value
$720,000
WAREHOUSE, STORAGE
Est. value
$560,000
OFFICE BUILDING
Est. value
$500,000
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
2002
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
Katy Freeway 5400 Ltd
Individual
Mailing address
6969 NN FWY, HOUSTON, TX 77076-2031
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Mar 1, 2013
—
Katy Freeway 5400 Ltd
Positivus LP
Warranty Deed
$1,440,000 · Independence Bk
May 1, 2009
—
Positivus
T & S Income Properties LLC
Grant Deed
$510,000 · Bank Of Houston
—
—
Positivus LP
—
Deed Of Trust
related
$585,000 · Bank Of Houston
—
—
Positivus LP
—
Deed Of Trust
related
$585,000 · Bank Of Houston
—
—
Positivus LP
—
Deed Of Trust
related
$585,000 · Bank Of Houston
—
—
Katy Freeway 5400 Ltd
—
Loan Modification
related
$1,300,333 · Independence Bk
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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