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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Apartment buildings
1550 Katy Flewellen Rd Katy, TX 77494-5508
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0889667
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1983
Total area
122,038 SF
Lot
8 ac (348,567 SF)
Zoning code
QS
APN
0292-00-006-0100-914
UPID
US82-0889667
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
-
Lodge @ 1550 Apartment Building Apartment Complex
-
Centerline Point Productions Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$920k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.05M
Owner & transaction history
Lodge At 1550 LP · 6 yrs held
Lodge At 1550 LP
since 2020
7 recorded transactions
Zoning & alternative use
QS · Katy, TX
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 Katy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Katy 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
$920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±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
$9 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$330,799
Tax year 2023
Assessed value
$20,508,857
Assessed 2024
Previous assessed
$16,637,278
+23.3% YoY
Effective rate
1.61%
On assessed value
Assessed land
$1,568,552
Assessed improvement
$18,940,305
Land market value
$1,568,552
Improvement market value
$18,940,305
Total market value
$20,508,857
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1983
Heating
CENTRAL
Cooling
CENTRAL
Rooms
117
Total area
122,038 SF
Lot
8 ac (348,567 SF)
Zoning code
QS
APN
0292-00-006-0100-914
UPID
US82-0889667
Jurisdiction
FORT BEND
Zoning & alternative use
QS · Katy, TX
Zoning QS · permitted uses
QS · Katy, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Katy. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Heating
CENTRAL
Cooling
Yes
Rooms
117
Lot
8 ac
Current owner
From public records · entity-resolved
Lodge At 1550 LP
Entity
Mailing address
4890 W KENNEDY BLVD STE #240, TAMPA, FL 33609-2587
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2025
—
Lodge 1550 LP
—
Deed
related
$3,077,000 · Grandbridge Real Estate Capital LLC
Mar 24, 2020
—
Lodge At 1550 LP
Hunt Club Apts Invtrs LP
Correction Deed
related
—
Dec 18, 2019
—
Lodge 1550 LP
Hunt Club Apts Invtrs LP
Grant Deed
$16,612,000 · Truist Bk
Apr 28, 2017
—
Hunt Club Apartments Invtrs LP
—
Deed
related
$16,299,000 · Berkeley Point Cap
Aug 27, 2009
$45,150
County Of Fort Bend
Hunt Club Aparments Invtrs
Warranty Deed
—
—
—
Hunt Club Apartments Invtrs LP
—
Deed Of Trust
related
$9,000,000 · Beech Street Capital LLC
—
—
Hunt Club Apartments Invtrs LP
—
Deed Of Trust
related
$16,299,000 · Berkeley Point Cap
—
—
Hunt Club Apartments Invtrs
—
Deed Of Trust
related
$8,000,698 · Eurohypo Ag
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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