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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Medical Office Space
8610 Martin Luther King Blvd Houston, TX 77033-2308
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2631208
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1960
Construction
BRICK
Total area
13,610 SF
Lot
0.88 ac (38,446 SF)
APN
470560000062
UPID
US82-2631208
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
-
Central Care Integrated Health Services Medical Clinic
-
Robert MCcane Immigration Attorneys Law Firm
-
Pena Euglis Medical Clinic
-
HealthGuard STD Testing Center Std Testing Service
-
Emmanuel Agoh, M.D. Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$770k
Blend (final)
Blend
$645k
Owner & transaction history
Goldenwood Realty LLC · 5 yrs held
Goldenwood Realty LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$945,000
+9.0%
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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$870,000
Current use
OFFICE BUILDING
$945,000
Change: +9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$850,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$47 / 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
$43,698
Tax year 2022
Assessed value
$2,624,669
Assessed 2024
Previous assessed
$2,168,856
+21.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$422,906
Assessed improvement
$2,201,763
Land market value
$422,906
Improvement market value
$2,201,763
Total market value
$2,624,669
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
1960
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
13,610 SF
Lot
0.88 ac (38,446 SF)
APN
470560000062
UPID
US82-2631208
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
$870,000
OFFICE BUILDING
Est. value
$945,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$850,000
MEDICAL BUILDING Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1960
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Goldenwood Realty LLC
Entity
Mailing address
3733 GINGER CRK LN, SPRING, TX 77386-7088
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Mar 6, 2023
—
Goldenwood Realty LLC
—
Deed
related
$2,847,500 · First Citizens Bank & Trust Co
Feb 23, 2021
—
Goldenwood Realty LLC
South Central Houston Action Counci
Venders Lien
$3,087,000 · Celtic Bank Corporation
Mar 26, 2012
—
Ctrl Houston Action Coun South
South Ctrl Houston Action Coun
Quit Claim Deed
related
—
—
—
Ctrl Houston Action Coun South
—
Deed Of Trust
related
$303,183 · Capital One NA
—
—
Ctrl Houston Action Coun South
—
Deed Of Trust
related
$1,239,000 · Capital One
—
—
Ctrl Houston Action Coun South
—
Deed Of Trust
related
$34,324 · Property Tax Solutions
—
—
Ctrl Houston Action Coun South
—
Deed Of Trust
related
$554,000 · Ncb Development Corp
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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