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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Garden apartment buildings
16339 Stuebner Airline Rd 174 Spring, TX 77379-7337
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-4046058
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1979
Construction
BRICK
Total area
7,224 SF
Lot
5.56 ac (242,150 SF)
APN
440420000240
UPID
US82-4046058
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
-
Ellis at Champions Apartment Building
-
MAQ HOME RENOVATIONS Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$488k
Blend (final)
Blend
$500k
Owner & transaction history
Wref Timber Canyon LP · 7 yrs held
Wref Timber Canyon LP
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$800,000
+139.1%
Commercial (general)
$735,000
+119.6%
Medical building
$515,000
+53.0%
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
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)
$335,000
Current use
RESTAURANT
$800,000
Change: +139% · Conversion: Difficult
COMMERCIAL (GENERAL)
$735,000
Change: +120% · Conversion: Moderate
MEDICAL BUILDING
$515,000
Change: +53% · Conversion: Moderate
WAREHOUSE, STORAGE
$475,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$475,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$69 / 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
$272,434
Tax year 2022
Assessed value
$13,673,885
Assessed 2024
Previous assessed
$15,571,538
-12.2% YoY
Effective rate
1.99%
On assessed value
Assessed land
$1,937,200
Assessed improvement
$11,736,685
Land market value
$1,937,200
Improvement market value
$11,736,685
Total market value
$13,673,885
Applied tax rate
17.0000
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
1979
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
12
Stories
2
Rooms
1
Bathrooms
1
Total area
7,224 SF
Lot
5.56 ac (242,150 SF)
APN
440420000240
UPID
US82-4046058
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
$335,000
RESTAURANT
Est. value
$800,000
COMMERCIAL (GENERAL)
Est. value
$735,000
MEDICAL BUILDING
Est. value
$515,000
WAREHOUSE, STORAGE
Est. value
$475,000
AUTO REPAIR, GARAGE
Est. value
$475,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1979
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
12
Rooms
1
Bathrooms
1
Lot
5.56 ac
Current owner
From public records · entity-resolved
Wref Timber Canyon LP
Entity
Free & Clear · 7 yrs held
Mailing address
14439 NW MILITARY HWY, SHAVANO PARK, TX 78231-1646
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2018
—
Wref Timber Canyon LP
—
Trustees Deed
related
$10,332,000 · Berkadia Com'l Mtg
Sep 13, 2018
—
Wref Timber Canyon LP
Mp Mill Creek LLC
Grant Deed
related
—
Jun 20, 2017
—
Mp Mill Creek LLC
—
Deed
related
$45,000,000 · Suntrust Bk
May 28, 2014
—
Mp Mill Creek LLC
Pd-briarcrest LLC
Grant Deed
$46,900,000 · Wells Fargo Bk
Dec 7, 2010
$49,921,057
Mfh Portfolio Of Five LLC
Kosub,bruce E
Trustees Deed
—
Mar 1, 2000
—
Wdop Sub I LP
Houston Portfolio Jv
Grant Deed
related
—
—
—
Mp Mill Creek LLC
—
Deed Of Trust
related
$45,000,000 · Suntrust 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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