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Property profile & analytics
OFF-MARKET
Estimated value
$4,665,000
Hotels
1400 Old Spanish Trl 190 Houston, TX 77054-1816
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-4238819
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1984
Construction
BRICK
Total area
114,563 SF
Lot
2.81 ac (122,260 SF)
APN
1042970000016
UPID
US83-4238819
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
-
1400 Old Spanish Trail Parking Parking Lot & Garage
-
Blue Lot Parking Parking Lot & Garage
-
Springhill Suites Parking Lot & Garage
-
NGR STADIUM Hotel & Motel
-
SpringHill Suites Houston Medical Center/NRG Park Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.89M
Blend (final)
Blend
$4.67M
Owner & transaction history
Shs Property Owner LLC · 8 yrs held
Shs Property Owner LLC
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.9M
+55.4%
Medical building
$3.6M
+43.4%
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 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,940,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$3,635,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$4.67M
Range $4.20M – $5.13M · ±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
$41 / 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
$258,565
Tax year 2022
Assessed value
$13,974,934
Assessed 2024
Previous assessed
$12,833,223
+8.9% YoY
Effective rate
1.85%
On assessed value
Assessed land
$7,335,540
Assessed improvement
$6,639,394
Land market value
$7,335,540
Improvement market value
$6,639,394
Total market value
$13,974,934
Applied tax rate
1.0000
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
7
Total area
114,563 SF
Lot
2.81 ac (122,260 SF)
APN
1042970000016
UPID
US83-4238819
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)
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
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
1984
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
7
Buildings
1
Lot
2.81 ac
Current owner
From public records · entity-resolved
Shs Property Owner LLC
Entity
Mailing address
7600 N 15TH ST STE #150, PHOENIX, AZ 85020-4305
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2017
—
Shs Property Owner LLC
Natl Shs Houston H Ll Moody
Quit Claim Deed
related
$20,400,000 · Miscellaneous Ins Co
Feb 4, 2014
—
Moody Natl Shs Houston H LLC
Tic Shs Houston 4 LLC
Grant Deed
related
—
Jun 9, 2008
—
Tic Shs Houston 20 LLC
Moody Natl Shs Houston S LLC
Grant Deed
related
—
May 13, 2008
—
Tic Shs Houston 1 LLC
Moody Natl Shs Houston S LLC
Grant Deed
related
—
Sep 10, 2007
—
Moody Natl Shs Houston S LLC
Wc Houston
Grant Deed
$14,431,000 · Citigroup Global Markets Realt
Sep 29, 2003
—
Wc Houston LP
Amgreen Partners LP
Grant Deed
$9,700,000 · Ge Capital Franchise Finance
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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