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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Hotels
12929 Nwnw Fwy 118 Houston, TX 77040-6303
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US83-3993075
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1996
Construction
WOOD FRAME
Total area
53,953 SF
Lot
3.28 ac (142,659 SF)
APN
1077670000008
UPID
US83-3993075
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$961k
Blend (final)
Blend
$860k
Owner & transaction history
Rahil & Rohan LLC · 14 yrs held
Rahil & Rohan LLC
since 2012
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
$760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,195,000
Current use
Blend value · Realmo final
$860k
Range $774k – $946k · ±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 2020Property tax & assessments
Tax year 2020
Tax billed
$38,105
Tax year 2020
Assessed value
$3,455,512
Assessed 2024
Previous assessed
$4,211,093
-17.9% YoY
Effective rate
1.10%
On assessed value
Assessed land
$2,139,885
Assessed improvement
$1,315,627
Land market value
$2,139,885
Improvement market value
$1,315,627
Total market value
$3,455,512
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1996
Construction
WOOD FRAME
Heating
RADIANT
Cooling
OTHER
Buildings
1
Stories
3
Total area
53,953 SF
Lot
3.28 ac (142,659 SF)
APN
1077670000008
UPID
US83-3993075
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
$1.2M
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
1996
Construction
WOOD FRAME
Heating
RADIANT
Cooling
Yes
Stories
3
Buildings
1
Lot
3.28 ac
Current owner
From public records · entity-resolved
Rahil & Rohan LLC
Entity
Mailing address
12929 NWNW FWY, HOUSTON, TX 77040-6303
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2012
—
Rahil & Rohan LLC
Fmw Rri Nc LLC
Grant Deed
$1,400,000 · Allegiance Bank Texas
Sep 27, 2007
—
R-roof Vi LLC
Rooftop Remainder LLC
Quit Claim Deed
related
$160,000,000 · Bear Stearns Commercial Mtg
—
—
Rahil & Rohan LLC
—
Deed Of Trust
related
$500,000 · Ramesh & Usha Sheladia
—
—
Rahil & Rohan LLC
—
Deed Of Trust
related
$2,550,000 · Enterprise Bk/sc (02)
—
—
Rahil & Rohan LLC
—
Deed Of Trust
related
$365,000 · Allegiance Bk
—
—
Rahil & Rohan LLC
—
Loan Modification
related
$2,371,265 · Allegiance Bk
—
—
Rahil & Rohan LLC
—
Deed Of Trust
related
$746,061 · Ramesh & Usha Sheladia
—
—
Rahil & Rohan LLC
—
Deed Of Trust
related
$227,100 · Us Small Busn Admn
—
—
Rahil & Rohan LLC
—
Deed Of Trust
related
$227,100 · Us Small Busn Admn
—
—
Rahil & Rohan LLC
—
Deed Of Trust
related
$349,100 · Us Small Busn Admn
—
—
Rahil & Rohanllc
—
Loan Modification
related
—
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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