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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    13607 Ravensway Dr, Unit 4 Cypress, TX 77429-3760

    • Apartment buildings
    • 5,072 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Dec 10, 2020
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1077726
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 13607 Ravensway Dr

    Year built
    1983
    Construction
    FRAME
    Lot size
    0.17 lot acres
    Property size
    5,072 SF
    Property type
    Apartment buildings
    APN
    1060080210005
    APU
    1060080210005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $240,000
      Current use
      RESTAURANT
      $365,000
      Change: +54% Conversion: Difficult
      WAREHOUSE, STORAGE
      $290,000
      Change: +22% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $260,000
      Change: +9% Conversion: Difficult
      MEDICAL BUILDING
      $255,000
      Change: +7% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cypress
    County
    Harris
    State
    Texas
    Longitude
    -95.6297
    Latitude
    29.9564
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $4,776
    $44,616
    $579,970
    $624,586
    -
    $44,616
    $579,970
    $624,586

    Comparable in this City

    • Value Estimation
      $415,000
      5,072 SF

      13603 Ravensway Dr, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 5,072 SF
      13603 Ravensway Dr, Cypress, TX 77429-8603
      View Details
    • Value Estimation
      $305,000
      5,022 SF

      13601 Ravensway Dr, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 5,022 SF
      13601 Ravensway Dr, Cypress, TX 77429-8604
      View Details
    • Value Estimation
      $295,000
      5,116 SF

      13714 Ravensway Dr, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 5,116 SF
      13714 Ravensway Dr, Cypress, TX 77429-8607
      View Details
    • Value Estimation
      $295,000
      5,116 SF

      13710 Ravensway Dr, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 5,116 SF
      13710 Ravensway Dr, Cypress, TX 77429-8606
      View Details
    • Value Estimation
      $415,000
      5,072 SF

      13613 Ravensway Dr, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 5,072 SF
      13613 Ravensway Dr, Cypress, TX 77429-3695
      View Details
    • Value Estimation
      $380,000
      4,466 SF

      13722 Ravensway Dr, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 4,466 SF
      13722 Ravensway Dr, Cypress, TX 77429-8611
      View Details

    Similar Nearby for Sale

    • $600,000

      Ravensway Fourplex with Recent Updates

      Charming fourplex in Ravensway with recent renovations and desirable amenities.
      13603 Ravensway Dr, Cypress, TX 77429
      View Details
    • $429,900

      Starwood Farms Investment Property

      Investment property in Cypress with long-term tenants and community amenities.
      12603 Telge Rd 26 E-F, Cypress, TX 77429
      View Details
    • $2,000,000
      8.00 Acres

      Cypress Land: 8 Acres Development Opportunity

      Prime 8-acre tract, excellent development potential.
      12410 Knigge Cemetery Rd, Cypress, TX 77429
      View Details
    • Contact for pricing
      2.31 Acres

      Cypress Land - 2.3 Acres

      Prime Commercial/Industrial Land
      0 Spring Cypress Rd, Cypress, TX 77429
      View Details
    • Contact for pricing
      2.66 Acres

      Cypress Land: 2.66 Acres

      Prime Commercial Land, Louetta Road Frontage
      0 Louetta Rd, Cypress, TX 77429
      View Details
    • Contact for pricing
      25.00 Acres

      Cypress, TX Development Land

      53-Acre unrestricted site, excellent access.
      18218 Telge Rd, Cypress, TX 77429
      View Details

    Similar Nearby for Lease

    • $1,750 /Mo
      1,695 SF

      Urban Townhome with Community Amenities

      Three-bedroom townhome with modern amenities and community features for rent.
      12603 Telge Rd, Cypress, TX 77429
      View Details
    • $1,300 /Mo

      Updated Two-Bedroom Unit For Rent

      Classic two-bedroom unit with updated features available for rent.
      13611 Ravensway Dr, Cypress, TX 77429
      View Details
    • $29 SF/Yr
      1,500 SF

      Cypress Office Space - 1500 SF

      Updated 1500 sq ft office, .92 acre lot, prime location.
      16215 Prairie Lea St, Cypress, TX 77429
      View Details
    • $28 SF/Yr
      24,693 SF

      Cypress Office Space for Lease

      Modern Office Suites in Northwest Houston
      12300 Dundee Ct, Cypress, TX 77429
      View Details
    • Contact for pricing
      6,000 SF

      Cypress Industrial Space For Lease

      6,000 SF Manufacturing/Warehouse
      16922 Telge Rd, Cypress, TX 77429
      View Details
    • Contact for pricing
      279,210 SF

      Cypress Towne Center Retail Space

      High-traffic Cypress retail space available.
      290 & Spg Cypress Rd, Cypress, TX 77429
      View Details
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    Cypress, TX 77429-3760
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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