1245 W 18th St 220, Houston, TX 77008 – Retirement Home

ServiceYear Built 2020Total Assessed Value $86,816,028County Harris

Property Details

The Service property 1245 W 18th St 220, Houston, TX 77008 is located in Harris County. The specific property type is Retirement Home. The total assessed value of this property is $86,816,028.

The gross building area is 280,241 square feet and the land area is 82,851 square feet for this Retirement Home built in 2020.

Legal description: Res A Blk 1 Talia Court Village R/P And Extn

$86,816,028

Market Value

N/A

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 1245 W 18th St 220, Houston, TX 77008, Service

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Property Information

Property TypeService

Sub Property TypeRetirement Home

Building Area280,241

Land Size82,851

Land Value$5,799,570

Improved Value$81,016,458

Total Assessed Value$86,816,028

Year Built2020

County NameHarris

Account Number1353970020001

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

Parking Space215

HeatingForced air unit

Type ConstructionBrick

No of Stories1

Garage TypeNone 68672

Number of Units220

Exterior WallsRock, stone

Sales History

3/27/2024

Arms-length$50,000,000

Buyer

Crehcw The Heights Owner Llc

Seller

Hgw Sl Heights Tx Owner Llc

Book Number

2024.108202

Recording Date

3/27/2024

Transaction Details

Crehcw The Heights Owner Llc acquired the property from Hgw Sl Heights Tx Owner Llc through a Arms-length transaction on 3/27/2024 for $50,000,000.

12/12/2018

Arms-lengthNot Disclosed

Buyer

Hines Hsl Bridge Lp

Seller

Crux Properties Llc

Book Number

2018.557118

Recording Date

12/12/2018

Transaction Details

Hines Hsl Bridge Lp acquired the property from Crux Properties Llc through a Arms-length transaction on 12/12/2018 for .

11/10/2017

Arms-lengthNot Disclosed

Buyer

Oso Bay Holdings Llc

Seller

Rye Justin L

Book Number

2017.523480

Recording Date

11/10/2017

Transaction Details

Oso Bay Holdings Llc acquired the property from Rye Justin L through a Arms-length transaction on 11/10/2017 for .

7/29/2016

Arms-lengthNot Disclosed

Buyer

Crux Properties Llc

Seller

Cross Bradley C

Book Number

2016.333113

Recording Date

7/29/2016

Transaction Details

Crux Properties Llc acquired the property from Cross Bradley C through a Arms-length transaction on 7/29/2016 for .

3/10/2008

Arms-length$1,546,900

Buyer

1245 Heights Llc

Seller

West 18th Iii Ltd

Book Number

2008.125665

Recording Date

3/10/2008

Transaction Details

1245 Heights Llc acquired the property from West 18th Iii Ltd through a Arms-length transaction on 3/10/2008 for $1,546,900.

Property constructed in 2020

YSale Price (USD) byXSales Year

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Mortgage History

3/10/2008

New construction residential transactions$1,237,500

Borrower

1245 Heights Llc

Lender

Citibank Na

Book Number

2008.125666

Recording Date

3/10/2008

Transaction Details

1245 Heights Llc borrowed the property from Citibank Na through a New construction residential transactions transaction on 3/10/2008 for $1,237,500.

Property constructed in 2020

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$5,799,570	$82,393,809	$88,193,379	$88,193,379	Crehcw The Heights O...	5000 Birch St Ste 40...	Res A Blk 1 Talia Co...	5938.27	-	82,851	280,241
2025	$5,799,570	$45,680,430	$51,480,000	$51,480,000	Crehcw The Heights O...	5000 Birch St Ste 40...	Res A Blk 1 Talia Co...	5938.27	-	82,851	280,241
2024	$5,799,570	$44,200,430	$50,000,000	$50,000,000	Cre-hcw The Heights ...	5000 Birch St Ste 40...	Res A Blk 1 Talia Co...	5938.27	-	82,851	286,717
2023	$5,799,570	$73,200,430	$79,000,000	$79,000,000	Hgw Sl Heights Tx Ow...	609 Main St Ste 2400	Res A Blk 1 Talia Co...	5938.27	SHADY ACRES SUB EXT ...	82,851	286,717
2022	$5,799,570	$72,591,614	$78,391,184	$78,391,184	Hgw Sl Heights Tx Ow...	609 Main St Ste 2400	Res A Blk 1 Talia Co...	5938.27	SHADY ACRES SUB EXT ...	82,851	286,717
2021	$3,728,295	$24,382,386	$28,110,681	$28,110,681	Hgw Sl Heights Tx Ow...	609 Main St Ste 2400	Res A Blk 1 Talia Co...	5938.27	SHADY ACRES SUB EXT ...	82,851	286,717
2020	$3,728,295	$582,233	$4,310,528	$4,310,528	Hines Hsl Bridge Lp	2800 Post Oak Blvd S...	Res A Blk 1 Talia Co...	5938.27	-	82,851	10,746

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Showing 1 to 7 of 7 entries

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
1245 W 18th St 220, Houston, TX 77008	1353970020001	Service	Retirement Home	Crehcw The Heights Owner Llc	Harris	-	$ 50,000,000	2024-03-25	$ 178.42	2020	280,241	220
7575 Willow Chase Blvd 360, Houston, TX 77070	1183330010001	Service	Retirement Home	Bishop Willowbrook Park Owner Llc	Harris	13.6	$ 24,196,221	2024-10-17	$ 84.47	1995	286,454	360
4141 N Braeswood Blvd 121, Houston, TX 77025	1315920010001	Service	Retirement Home	Braeswood Owner Llc	Harris	8.0	$ 33,292,560	2024-09-18	$ 296.84	2011	112,156	121
21175 Sw Fwy, Richmond, TX 77469	R400322	Service	Retirement Home	Bridgewood Clayton Oaks Llc	Fort Bend	24.2	$ 13,415,600	2025-10-20	$ 149.80	2013	89,557	-
2323 Lake Robbins Dr, The Woodlands, TX 77380	R381437	Service	Retirement Home	-	Montgomery	25.2	$ 61,845,000	2025-02-27	$ 255.86	2009	241,714	-
1130 Camino La Costa, Austin, TX 78752	228181	Service	Retirement Home	Parsons House Austin Lp	Travis	141.5	$ 7,315,000	2024-10-08	$ 54.07	1987	135,288	-
13614 Metric Blvd, Austin, TX 78727	941966	Service	Retirement Home	Scofield La Venture Llc	Travis	142.5	$ 5,067,051	2024-05-27	$ 52.45	2024	96,611	96
9003 Vista W Dr, San Antonio, TX 78245	1229978	Service	Retirement Home	Vista West Drive Tx Owner Llc	Bexar	197.4	$ 30,866,640	2024-08-28	$ 188.44	2016	163,800	161
8700 Post Oak Ln, San Antonio, TX 78217	527078	Service	Retirement Home	San Antonio Los Patios Land Llc Co San Antonio Community Development Council Inc	Bexar	182.9	$ 42,560,000	2023-02-02	$ 255.88	1990	166,325	180
1201 E Sandy Lake Rd, Coppell, TX 75019	180065800A0010000	Service	Retirement Home	Christus St Joseph Village	Dallas	238.0	$ 43,225,000	2025-09-29	$ 178.10	2003	242,707	193
11409 N Central Expy, Dallas, TX 75243	00728000090010100	Service	Retirement Home	Bmsl Preston Propco Llc	Dallas	230.0	$ 10,640,000	2023-12-07	$ 119.55	2000	89,000	183

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	1245 W 18th St 220, Houston, TX 77008	—	-	82,851	2020	280,241	$ 86,816,028	$ 5,799,570	-
Agility Bank Na	5000 Space Center Blvd, Pasadena, TX 77505	09/08/2025	$ 4,200,000	141,457	2017	42,340	$ 6,697,287	$ 1,414,570	Space Crenshaw Realty Llc
Valliance Bank	7800 N Stadium Dr Ste56, Houston, TX 77030	07/29/2025	$ 2,860,913	80,072	1998	25,518	$ 4,568,798	$ 2,402,160	Cima Houston Braeswood Propco
Valliance Bank	13825 Lexington Blvd, Sugar Land, TX 77478	07/29/2025	$ 3,956,300	189,312	1998	69,960	$ 7,265,943	$ 720,704	Cima Houston First Colony Prop
Valliance Bank	21601 Provincial Blvd, Katy, TX 77450	07/29/2025	$ 3,297,375	156,690	2006	58,675	$ 9,187,831	$ 2,350,350	Cima Houston Katy Propco Llc
Tashjian Family Trust	21601 Provincial Blvd, Katy, TX 77450	06/23/2025	$ 4,000,000	156,690	2006	58,675	$ 9,187,831	$ 2,350,350	Cima Houston Katy Propco Llc
Tashjian Family Trust	7800 N Stadium Dr Ste56, Houston, TX 77030	06/18/2025	$ 4,000,000	80,072	1998	25,518	$ 4,568,798	$ 2,402,160	Cima Houston Braeswood Propco Llc
Tashjian Family Trust	13825 Lexington Blvd, Sugar Land, TX 77478	06/18/2025	$ 4,000,000	189,312	1998	69,960	$ 7,265,943	$ 720,704	Cima Houston First Colony Propco Llc
Coastalstates Bank	3207 Cypresswood Dr, Spring, TX 77388	05/30/2025	$ 2,852,000	65,906	2021	8,972	$ 1,657,560	$ 255,441	Rodacom Inc
Fcr Cre Gs Holdco Llc	10403 Mason Rd, Richmond, TX 77406	05/30/2025	$ 62,071,000	139,392	2017	65,724	$ 11,723,810	$ 1,732,365
North Texas Certified Dev Corp	2111 W 34th St, Houston, TX 77018	04/30/2025	$ 2,513,000	41,493	2024	10,080	$ 3,924,547	$ 1,659,720	Pristine Minds Inc

Mean$ 12,065,763

Median$ 3,079,144.0

Loan Amount Range$ 766,500 - $ 145,500,000

Showing 1 to 10 of 26 entries

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Tenant Details

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License Details

License Number

32091969843

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

10/6/2023

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	RESIDENTS TRUST AT THE WATERMA
	Address Line	1245 w 18th st apt 7003
	City / State / Zip	houston TX 77008
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48201
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	77008
Registration Details	SOS Code	A

License Timeline

License Issued

10/6/2023

Currently Active

Status: -

Renewal Required

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