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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Hotels
11280 Westheimer Rd 81 Houston, TX 77042-3223
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4520290
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
WOOD FRAME
Total area
42,812 SF
Lot
2 ac (87,120 SF)
APN
1292680010002
UPID
US82-4520290
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
-
Candlewood Suites Houston Westchase - Westheimer, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$920k
Blend (final)
Blend
$665k
Owner & transaction history
Fate Intl Hotel Mgmt LLC · 6 yrs held
Fate Intl Hotel Mgmt LLC
since 2020
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
$405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$945,000
Current use
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$16 / 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
$52,426
Tax year 2022
Assessed value
$3,307,991
Assessed 2024
Previous assessed
$2,479,013
+33.4% YoY
Effective rate
1.58%
On assessed value
Assessed land
$1,306,800
Assessed improvement
$2,001,191
Land market value
$1,306,800
Improvement market value
$2,001,191
Total market value
$3,307,991
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2008
Construction
WOOD FRAME
Heating
RADIANT
Cooling
OTHER
Buildings
1
Total area
42,812 SF
Lot
2 ac (87,120 SF)
APN
1292680010002
UPID
US82-4520290
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
HOTEL/MOTEL Current
Est. value
$945,000
HOTEL/MOTEL Current
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
2008
Construction
WOOD FRAME
Heating
RADIANT
Cooling
Yes
Buildings
1
Lot
2 ac
Current owner
From public records · entity-resolved
Fate Intl Hotel Mgmt LLC
Entity
Mailing address
7202 TIMBERLAKE DR, SUGAR LAND, TX 77479-6304
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Feb 21, 2020
—
Fate Intl Hotel Mgmt LLC
Rss Wfrbs2011c5-tx Sgl LLC
Grant Deed
$170,000 · Southwestern Nat'l Bk
May 8, 2019
$250,000
Rss Wfrbs2011c5-tx Sgl LLC
Royal Bk Of Scotland Plc|sri Guruve LLC
Trustees Deed
—
Apr 29, 2014
—
Vd Patel Family Co LLC
Waverley Holding Co
Grant Deed
related
—
Oct 3, 2011
—
Sri Guruve LLC
—
Deed Of Trust
related
$5,000,000 · Royal Bank Scotland Plc
Apr 2, 2009
—
Sri Guruve LLC
—
Deed Of Trust
related
$4,183,130 · Southwestern National Bank
—
—
Sri Guruve LLC
—
Deed Of Trust
related
$4,600,000 · Southwestern National Bank
—
—
Fate Intl Hotel Mgmt LLC
—
Deed Of Trust
related
$2,408,000 · Southwestern Nat'l Bk
—
—
Vd Patel Family Co LLC
—
Deed Of Trust
related
$2,500,000 · Westbound Bk
—
—
Vd Patel Family Co LLC
—
Deed Of Trust
related
$2,435,000 · Westbound 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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