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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Office buildings
810 Waugh Dr, Houston, TX 77019-2000
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US82-0103634
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
CONCRETE BLOCKS
Total area
9,580 SF
Lot
0.4 ac (17,333 SF)
APN
1203270010001
UPID
US82-0103634
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
-
Hand Surgery Specialists of Texas Physician
-
Blackwell & Haag, P.C. Law Firm
-
Dr. Mark Khorsandi, DO Physician
-
Migraine Relief Center Medical Clinic
-
Foot Surgery Specialists of Texas Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$797k
Blend (final)
Blend
$590k
Owner & transaction history
Physician Holding Group LLC · 9 yrs held
Physician Holding Group LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$895,000
+39.8%
Apartment house (5+ units)
$800,000
+24.9%
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
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$640,000
Current use
AUTO REPAIR, GARAGE
$895,000
Change: +40% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$800,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$610,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$62 / 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
$57,318
Tax year 2022
Assessed value
$2,864,837
Assessed 2024
Previous assessed
$2,844,822
+0.7% YoY
Effective rate
2.00%
On assessed value
Assessed land
$1,646,540
Assessed improvement
$1,218,297
Land market value
$1,646,540
Improvement market value
$1,218,297
Total market value
$2,864,837
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
NONE
Buildings
1
Stories
2
Rooms
1
Bathrooms
6
Total area
9,580 SF
Lot
0.4 ac (17,333 SF)
APN
1203270010001
UPID
US82-0103634
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
OFFICE BUILDING Current
Est. value
$640,000
AUTO REPAIR, GARAGE
Est. value
$895,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$800,000
MEDICAL BUILDING
Est. value
$610,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL 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
2003
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Rooms
1
Bathrooms
6
Lot
0.4 ac
Current owner
From public records · entity-resolved
Physician Holding Group LLC
Entity
Mailing address
810 CAUGH DR STE #200, HOUSTON, TX 77019
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2021
—
Physician Holding Group LLC
—
Deed
related
$2,498,365 · Iberiabank
Jan 18, 2017
—
Physician Holding Group LLC
Texhou Investment Group Ltd
Grant Deed
$3,168,000 · Mercantil Commercebank
Aug 5, 2014
—
Tex Hou Investment Group Ltd
Tormey Mark J
Trustees Deed
related
—
May 2, 2003
—
New Millennium Management LLC
Sheller,david L
Quit Claim Deed
related
—
May 14, 1999
—
David L Sheller
Kna Partners
Grant Deed
$469,220 · Citizens National Bank Texas
Jan 2, 1998
—
Josey Partnership
Lenoir M Josey INC
Quit Claim Deed
related
—
—
—
New Millenium Management LLC
—
Deed Of Trust
related
$1,660,000 · Greenpoint Mortgage Funding
—
—
New Millennium Management LLC
—
Deed Of Trust
related
$162,203 · Texas Tax Solution LLC
—
—
New Millennium Management LLC
—
Deed Of Trust
related
$205,000 · Bank Of Texas NA
—
—
Kna Partners
—
Deed Of Trust
related
$2,215,000 · Sterling Bank
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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