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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Garden apartment buildings
1475 Sawdust Rd Spring, TX 77380-2145
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US83-2384288
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1999
Construction
FRAME
Total area
6,742 SF
Lot
10.55 ac (459,558 SF)
Zoning code
6
APN
0599-01-04300
UPID
US83-2384288
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
-
Alexander Apartments Apartment Building Apartment Complex
-
Dr. Cedric Joseph Cloud Association Or Organization
-
Handyman Hardware & Home Improvement General Contractor
-
CWS Corporate Housing Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.18M
Owner & transaction history
Alexander Apartments LLC · 7 yrs held
Alexander Apartments LLC
since 2018
5 recorded transactions
Zoning & alternative use
6 · Spring, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.7M
+453.0%
Warehouse, storage
$710,000
+130.2%
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 Spring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring 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
$1,275,000
CAP Approach
CAP Return
Estimation
6%
$1,180,000
6.5%
$1,090,000
7%
$1,010,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,705,000
Change: +453% · Conversion: Difficult
WAREHOUSE, STORAGE
$710,000
Change: +130% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±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
$175 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$484,357
Tax year 2024
Assessed value
$30,864,158
Assessed 2024
Previous assessed
$29,169,330
+5.8% YoY
Effective rate
1.57%
On assessed value
Assessed land
$3,676,464
Assessed improvement
$27,187,694
Land market value
$3,676,464
Improvement market value
$27,187,694
Total market value
$30,864,158
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
1999
Construction
FRAME
Heating
FORCED AIR
Cooling
WINDOW A/C
Buildings
13
Bathrooms
4
Total area
6,742 SF
Lot
10.55 ac (459,558 SF)
Zoning code
6
APN
0599-01-04300
UPID
US83-2384288
Jurisdiction
MONTGOMERY
Zoning & alternative use
6 · Spring, TX
Zoning 6 · permitted uses
6 · Spring, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$710,000
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1999
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
13
Bathrooms
4
Lot
10.55 ac
Current owner
From public records · entity-resolved
Alexander Apartments LLC
Entity
Mailing address
5400 LYNDON B JOHNSON FWY STE #450, DALLAS, TX 75240-1059
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2018
—
Alexander Apartments LLC
Gs Woodridge LP
Grant Deed
$20,585,000 · Berkeley Point Cap
Oct 5, 2009
—
Inland American Spring Woodri
Wm Woodridge Park Apts
Grant Deed
related
—
Apr 21, 2006
—
Apartments Woodridge
Sawdust Partners Ltd
Grant Deed
related
—
—
—
Gs Woodridge LP
—
Deed Of Trust
related
$1,819,900 · Capital One NA
—
—
Sawdust Partners Ltd
—
Deed Of Trust
related
$13,800,000 · Column Financial INC
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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