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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Garden apartment buildings
11300 Regency Grn Dr 348 Cypress, TX 77429-3047
Individually Owned
27-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4237099
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1983
Construction
FRAME
Total area
9,008 SF
Lot
13.38 ac (582,937 SF)
APN
1153940000001
UPID
US82-4237099
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
-
Regency Park Apartment Homes Apartment Complex Apartment Building
-
MapFunnels Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Buff Babes Fit Pod Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$550k
Blend (final)
Blend
$595k
Owner & transaction history
Mark J Packwood · 27 yrs held
Mark J Packwood
since 1998
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$940,000
+122.4%
Restaurant
$650,000
+54.2%
Warehouse, storage
$515,000
+21.9%
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 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
Method
Estimation
Statistic approach
by Request
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$425,000
Current use
INDUSTRIAL (GENERAL)
$940,000
Change: +122% · Conversion: Difficult
RESTAURANT
$650,000
Change: +54% · Conversion: Difficult
WAREHOUSE, STORAGE
$515,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$465,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$455,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$66 / 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
$247,179
Tax year 2022
Assessed value
$23,155,854
Assessed 2024
Previous assessed
$32,322,953
-28.4% YoY
Effective rate
1.07%
On assessed value
Assessed land
$3,497,622
Assessed improvement
$19,658,232
Land market value
$3,497,622
Improvement market value
$19,658,232
Total market value
$23,155,854
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
1983
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
37
Stories
2
Rooms
2
Bathrooms
1
Total area
9,008 SF
Lot
13.38 ac (582,937 SF)
APN
1153940000001
UPID
US82-4237099
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$425,000
INDUSTRIAL (GENERAL)
Est. value
$940,000
RESTAURANT
Est. value
$650,000
WAREHOUSE, STORAGE
Est. value
$515,000
AUTO REPAIR, GARAGE
Est. value
$465,000
MEDICAL BUILDING
Est. value
$455,000
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1983
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
37
Rooms
2
Bathrooms
1
Lot
13.38 ac
Current owner
From public records · entity-resolved
Mark J Packwood
Individual
Mailing address
2400 DOLLARTON HWY STE 201ST XX
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2000
—
Mark J Packwood
—
Grant Deed
related
$58,000 · Wells Fargo Bank
Aug 31, 1998
—
Mark J Packwood
Mark Hala Cosntruction Co INC
Quit Claim Deed
related
$382,500 · Preferred 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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