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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Garden apartment buildings
11800 Grant Rd 530 Cypress, TX 77429-4002
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4801008
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1983
Construction
FRAME
Total area
11,675 SF
Lot
22.58 ac (983,585 SF)
APN
440160000040
UPID
US82-4801008
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
-
The Point at Cypress Woods Apartments Apartment Complex Apartment Building
-
Qui’s Sign N Seal LLC Law Firm
-
REIGN ROYAL LLC. Association Or Organization
-
Estates at Cypress Apartments Apartment Building Apartment Complex
-
Rodulfox Contractors, LLC Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$712k
Blend (final)
Blend
$640k
Owner & transaction history
Estates At Cypress Holdings LLC · 4 yrs held
Estates At Cypress Holdings LLC
since 2021
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$845,000
+54.2%
Warehouse, storage
$670,000
+21.9%
Auto repair, garage
$600,000
+9.4%
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
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$550,000
Current use
RESTAURANT
$845,000
Change: +54% · Conversion: Difficult
WAREHOUSE, STORAGE
$670,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$600,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$590,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$55 / 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
$612,473
Tax year 2022
Assessed value
$63,000,116
Assessed 2024
Previous assessed
$80,091,499
-21.3% YoY
Effective rate
0.97%
On assessed value
Assessed land
$5,901,510
Assessed improvement
$57,098,606
Land market value
$5,901,510
Improvement market value
$57,098,606
Total market value
$63,000,116
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
68
Stories
2
Rooms
1
Bathrooms
3
Total area
11,675 SF
Lot
22.58 ac (983,585 SF)
APN
440160000040
UPID
US82-4801008
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
$550,000
RESTAURANT
Est. value
$845,000
WAREHOUSE, STORAGE
Est. value
$670,000
AUTO REPAIR, GARAGE
Est. value
$600,000
MEDICAL BUILDING
Est. value
$590,000
APARTMENT HOUSE (5+ UNITS) Current
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
68
Rooms
1
Bathrooms
3
Lot
22.58 ac
Current owner
From public records · entity-resolved
Estates At Cypress Holdings LLC
Entity
Mailing address
1001 S DAIRY ASHFORD RD STE #350, HOUSTON, TX 77077-2831
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2021
—
Estates At Cypress Holdings LLC
—
Deed
related
$41,395 · Fs Credit Originator LLC
Aug 10, 2018
—
Pbhz 1 LP
—
Deed
related
$29,000,000 · Berkadia Com'l Mtg
—
—
Century Properties Fund Xvii
—
Deed Of Trust
related
$8,600,000 · Capmark Bank
—
—
Pbhz 1 LP
—
Deed Of Trust
related
$29,000,000 · Berkadia Com'l Mtg
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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