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Property profile & analytics
FOR LEASE
Medical Office Space
6699 Chimney Rock Rd Houston, TX 77081
Individually Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-4575563
For Lease
1 / 2
$21 SF/Yr
6699 Chimney Rock Rd, Houston, TX 77081
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Property summary
AI-generated overview
6699 Chimney Rock Road offers 14,805 square feet of Class B medical office space for lease in Houston, Texas. This two-story building, constructed in 1983, sits on a 0.69-acre lot in the desirable Bellaire submarket of Harris County. The property is ideally situated for medical professionals, boasting a multi-tenant configuration and offering move-in ready suites. Its prime location provides convenient access to key areas, including less than a 5-minute drive to the Galleria submarket and approximately 7 minutes to the Texas Medical Center. This presents a significant advantage for attracting patients and establishing a strong presence within the thriving Houston medical community. The building's classification as a Class B property reflects its well-maintained condition and functional design, suitable for a variety of medical practices. The address is 6699 Chimney Rock Rd, Houston, TX 77081. Interested parties are encouraged to inquire about available suite sizes and lease terms.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Construction
STEEL FRAME
Total area
20,531 SF
Lot
1.05 ac (45,651 SF)
APN
370550160036
UPID
US82-4575563
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. Regina Valter, DDS Dental Office
-
Dr. Jennifer L. Yen, MD Physician Medical Clinic
-
CHIMNEY ROCK DOCTORS CENTER Hospital
-
Dr. Vito Speciale Physician
-
Adi Schroit Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$780k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$795k
Blend (final)
Blend
$790k
Owner & transaction history
5901 Beverly Hill Ltd · 8 yrs held
5901 Beverly Hill Ltd
since 2018
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
Method
Estimation
Statistic approach
by Request
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,310,000
Current use
RETAIL STORES
$1,100,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$38 / 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
$57,870
Tax year 2022
Assessed value
$2,710,177
Assessed 2024
Previous assessed
$2,872,213
-5.6% YoY
Effective rate
2.14%
On assessed value
Assessed land
$684,765
Assessed improvement
$2,025,412
Land market value
$684,765
Improvement market value
$2,025,412
Total market value
$2,710,177
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
For Lease
Year built
1983
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
20,531 SF
Lot
1.05 ac (45,651 SF)
APN
370550160036
UPID
US82-4575563
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
$1.3M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING Current
RETAIL STORES
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
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
5901 Beverly Hill Ltd
Individual
Free & Clear · 8 yrs held
Mailing address
5959 RICHMOND AVE STE #440, HOUSTON, TX 77057-6325
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2020
—
Greenberg Finance LLC
—
Deed
related
$7,770,000 · Cadence Bk
Feb 6, 2018
—
5901 Beverly Hill Ltd
Chimney Rock Of Dashwood Assocs L
Grant Deed
related
—
Sep 30, 2016
—
Chimney Rock Of Dashwood Assocs L
—
Deed
related
$1,005,667 · Prosperity Bk
Aug 16, 2010
—
Rock Dashwood Assocs L Chimney
—
Trustees Deed
related
$60,000 · Community National Bank
—
—
Chimney Rock Of Dashwood Assocs L
—
Deed Of Trust
related
$600,000 · Community National Bank
—
—
Chimney Rock Of Dashwood Assocs L
—
Loan Modification
related
$452,302 · Community Nat'l Bk
—
—
Chimney Rock Of Dashwood Assocs L
—
Deed Of Trust
related
$545,575 · Community National Bank
—
—
Chimney Rock Of Dashwood Assocs L
—
Deed Of Trust
related
$1,005,667 · Prosperity Bk
—
—
Greenberg Finance LLC
—
Loan Modification
related
$7,770,000 · Cadence 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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