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Property profile & analytics
OFF-MARKET
Medical Office Space
6022 Fm 1488th Rd Magnolia, TX 77354-2542
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US83-2388954
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2014
Construction
FRAME
Total area
4,420 SF
Lot
0.46 ac (20,085 SF)
Zoning code
2
APN
9495-03-56400
UPID
US83-2388954
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
-
Dr. Payman Arabzadeh, MD Pediatrician Physician
-
Davam Urgent Care Medical Clinic
-
Kyla Howrish 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
Aka Real Estate Holdings Ltd · 12 yrs held
Aka Real Estate Holdings Ltd
since 2013
7 recorded transactions
Zoning & alternative use
2 · Magnolia, TX
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 Magnolia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Magnolia 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 2024Property tax & assessments
Tax year 2024
Tax billed
$15,318
Tax year 2024
Assessed value
$954,570
Assessed 2024
Previous assessed
$970,270
-1.6% YoY
Effective rate
1.60%
On assessed value
Assessed land
$281,190
Assessed improvement
$673,380
Land market value
$281,190
Improvement market value
$673,380
Total market value
$954,570
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 CLINIC
Status
Off-Market
Year built
2014
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Total area
4,420 SF
Lot
0.46 ac (20,085 SF)
Zoning code
2
APN
9495-03-56400
UPID
US83-2388954
Jurisdiction
MONTGOMERY
Zoning & alternative use
2 · Magnolia, TXZoning 2 · permitted uses
2 · Magnolia, TX
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
2014
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Lot
0.46 ac
Current owner
From public records · entity-resolved
Aka Real Estate Holdings Ltd
Entity
Mailing address
PO BOX 8129, SPRING, TX 77387-8129
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2022
—
Real Estate Holdings Ltd
—
Deed
related
$1,402,500 · Whitney Bank
Apr 30, 2018
—
Aka Real Estate Holdings Ltd
—
Deed
related
$169,305 · Woodforest Nat'l Bk
Aug 5, 2016
—
Real Estate Holdings Ltd
—
Deed
related
$1,041,250 · Regions Bank
Nov 1, 2013
—
Aka Real Estate Holdings Ltd
Cobb,gerald
Grant Deed
$1,605,000 · Compass Bank
Oct 5, 2012
—
Gerald Cobb
Ortiz,flavio & Patricia A
Warranty Deed
$168,000 · Flavio & Patricia Ortiz
—
—
Aka Real Estate Holdings Ltd
—
Deed Of Trust
related
$200,000 · Regions Bk
—
—
Aka Real Estate Holdings Ltd
—
Deed Of Trust
related
$169,305 · Woodforest Nat'l 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.
Try Rey
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