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Property profile & analytics
OFF-MARKET
Estimated value
$1,705,000
Garden apartment buildings
11131 Mccracken Cir 79 Cypress, TX 77429-4491
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-3985024
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2020
Construction
METAL FRAME
Total area
92,511 SF
Lot
2 ac (86,968 SF)
APN
1417490010001
UPID
US82-3985024
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
-
BlackSwan Investment Partners Financial Advisor
-
The Madeleine Apartment Complex
-
Chemily Management Company Business Management Consultant
-
MJK Oil & Gas Properties Construction Company General Contractor
-
MX Visualz Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.71M
Owner & transaction history
Wake Companies LLC · 6 yrs held
Wake Companies LLC
since 2019
6 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 Cypress submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cypress 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
$18 / 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
$87,009
Tax year 2022
Assessed value
$11,254,533
Assessed 2024
Previous assessed
$11,377,873
-1.1% YoY
Effective rate
0.77%
On assessed value
Assessed land
$695,744
Assessed improvement
$10,558,789
Land market value
$695,744
Improvement market value
$10,558,789
Total market value
$11,254,533
Applied tax rate
4.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2020
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
4
Bathrooms
1
Total area
92,511 SF
Lot
2 ac (86,968 SF)
APN
1417490010001
UPID
US82-3985024
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
Building & site characteristics
From public records
Year built
2020
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
4
Bathrooms
1
Lot
2 ac
Current owner
From public records · entity-resolved
Wake Companies LLC
Entity
Free & Clear · 6 yrs held
Mailing address
13014 KIMBERLEY LN, HOUSTON, TX 77079-6112
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2020
—
Wake Companies LLC
—
Deed
related
$5,920,000 · First Fin'l Bk&tr
Dec 30, 2019
—
Wake Companies LLC
Fbi Houses LLC
Warranty Deed
related
—
Nov 15, 2017
—
Fbi Houses LLC
Kast,suk I
Grant Deed
related
—
May 10, 2012
—
Suk I Kast
Cotrino,orlando & Martha
Warranty Deed
$259,000 · Orlando & Martha Cotrino
Jan 21, 1998
—
Orlando Cotrino
Mullin,roger D
Grant Deed
$42,500 · Seller
—
—
Wake Companies LLC
—
Deed Of Trust
related
$5,920,000 · First Fin'l Bk&tr
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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