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Property profile & analytics
OFF-MARKET
Estimated value
$1,480,000
Garden apartment buildings
15116 Mesa Dr 114 Humble, TX 77396-2395
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-4003275
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2003
Construction
WOOD FRAME
Total area
16,032 SF
Lot
4.66 ac (202,898 SF)
APN
1232200000001
UPID
US83-4003275
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
-
Fall Creek Square Apartment Building Apartment Complex
-
Tee's Transportation Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.64M
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.48M
Owner & transaction history
Wga Legacy Properties 3 LLC · 7 yrs held
Wga Legacy Properties 3 LLC
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+109.2%
Industrial (general)
$1.9M
+93.9%
Restaurant
$1.4M
+46.7%
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 Humble submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Humble 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%
$1,770,000
6.5%
$1,635,000
7%
$1,520,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$980,000
Current use
COMMERCIAL (GENERAL)
$2,045,000
Change: +109% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,895,000
Change: +94% · Conversion: Difficult
RESTAURANT
$1,435,000
Change: +47% · Conversion: Difficult
AUTO REPAIR, GARAGE
$935,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.48M
Range $1.33M – $1.63M · ±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
$92 / 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
$139,297
Tax year 2022
Assessed value
$14,593,877
Assessed 2024
Previous assessed
$16,974,043
-14.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$2,029,000
Assessed improvement
$12,564,877
Land market value
$2,029,000
Improvement market value
$12,564,877
Total market value
$14,593,877
Applied tax rate
18.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2003
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
11
Stories
3
Total area
16,032 SF
Lot
4.66 ac (202,898 SF)
APN
1232200000001
UPID
US83-4003275
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) Current
Est. value
$980,000
COMMERCIAL (GENERAL)
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$935,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2003
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
11
Lot
4.66 ac
Current owner
From public records · entity-resolved
Wga Legacy Properties 3 LLC
Entity
Mailing address
13918 MAJESTIC SPG LN, HUMBLE, TX 77396-3173
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Mar 29, 2019
—
Wga Legacy Properties 3 LLC
Stone Creek Apartments Lllp
Grant Deed
$9,484,000 · Greystone Svcng Corp
Jul 9, 2013
—
Stone Creek Apartments Lllp
Park At Stone Creek LP
Quit Claim Deed
related
$6,181,000 · Wells Fargo Bank
Dec 27, 2010
—
Park At Stone Creek LP
Cfc Management LLC
Grant Deed
$5,680,000 · First Boston Mtg Secs Co #2004
Dec 2, 2004
—
Cfc Management LLC
Chateau Fall Creek LLC
Grant Deed
$5,680,000 · Lasalle National Bank
—
—
Stone Creek Apartments Lllp
—
Deed Of Trust
related
$9,348,000 · Wells Fargo Bk
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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