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Property profile & analytics
OFF-MARKET
Estimated value
$4,380,000
Hotels
12400 Greenspoint Dr 480 Houston, TX 77060-1902
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3972288
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1984
Construction
BRICK
Total area
428,482 SF
Lot
5.91 ac (257,274 SF)
APN
1121140000017
UPID
US83-3972288
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
-
Encore IT Consulting Firm Tech Support Center
-
Starbucks Cafe & Coffee Shop
-
Hilton Houston North Hotel & Motel
-
Discount Tire Repair Parts General Contractor
-
ITServe Synergy 2017 Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.38M
Owner & transaction history
12400 Greenspoint Hotel LLC · 7 yrs held
12400 Greenspoint Hotel LLC
since 2018
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$10 / 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
$290,586
Tax year 2022
Assessed value
$30,511,572
Assessed 2024
Previous assessed
$25,009,940
+22.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,929,555
Assessed improvement
$28,582,017
Land market value
$1,929,555
Improvement market value
$28,582,017
Total market value
$30,511,572
Applied tax rate
9.0000
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/MOTEL
Status
Off-Market
Year built
1984
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
15
Total area
428,482 SF
Lot
5.91 ac (257,274 SF)
APN
1121140000017
UPID
US83-3972288
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
1984
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
15
Buildings
1
Lot
5.91 ac
Current owner
From public records · entity-resolved
12400 Greenspoint Hotel LLC
Entity
Mailing address
11770 US HWY 1ST STE #202, NORTH PALM BEACH, FL 33408-3026
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Mar 15, 2023
—
12400 Greenspoint Hotel LLC
—
Deed
related
—
Oct 18, 2018
—
12400 Greenspoint Hotel LLC
Sunstone Longhorn LP
Trustees Deed
$49,225,000 · Annaly Cre LLC
Feb 28, 2006
—
Sunstone Longhorn LP
Whp Hotel Owner 3 LP
Special Warranty Deed
$34,000,000 · Wachovia Bank NA
Oct 21, 1998
—
W-greenspoint LP
Patriot American Hospitality
Grant Deed
$40,199,107 · Credit Suisse First Boston 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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