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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Hotels
16884 Nwnw Fwy 119 Jersey Village, TX 77040-1104
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-4434982
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1985
Construction
BRICK
Total area
19,100 SF
Lot
2.58 ac (112,189 SF)
APN
1164760000001
UPID
US82-4434982
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$669k
Blend (final)
Blend
$735k
Owner & transaction history
Jersey Village Lodging LLC · 8 yrs held
Jersey Village Lodging LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+188.5%
Retail stores
$1.1M
+154.2%
Apartment house (5+ units)
$670,000
+59.1%
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 Jersey Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jersey Village 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
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,220,000
Change: +189% · Conversion: Difficult
RETAIL STORES
$1,075,000
Change: +154% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$670,000
Change: +59% · Conversion: Difficult
WAREHOUSE, STORAGE
$650,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$38 / 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
$53,188
Tax year 2022
Assessed value
$3,952,194
Assessed 2024
Previous assessed
$3,839,734
+2.9% YoY
Effective rate
1.35%
On assessed value
Assessed land
$897,512
Assessed improvement
$3,054,682
Land market value
$897,512
Improvement market value
$3,054,682
Total market value
$3,952,194
Applied tax rate
4.0000
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
1985
Construction
BRICK
Heating
RADIANT
Cooling
OTHER
Buildings
2
Stories
2
Total area
19,100 SF
Lot
2.58 ac (112,189 SF)
APN
1164760000001
UPID
US82-4434982
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
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$670,000
WAREHOUSE, STORAGE
Est. value
$650,000
MEDICAL BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1985
Construction
BRICK
Heating
RADIANT
Cooling
Yes
Stories
2
Buildings
2
Lot
2.58 ac
Current owner
From public records · entity-resolved
Jersey Village Lodging LLC
Entity
Free & Clear · 8 yrs held
Mailing address
16684 NWNW FWY, JERSEY VILLAGE, TX 77040-1922
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2023
—
My Vihaan LLC
—
Deed
related
$3,220,000 · Global One Bancshares INC
Jun 29, 2018
—
Jersey Village Lodging LLC
G6 Hospitality Property LLC
Grant Deed
related
—
Sep 15, 2017
—
G6 Hospitality Property LLC
—
Loan Modification
related
$170,605,000 · Jp Morgan Chase Bk
Aug 4, 2017
—
G6 Hospitality Property LLC
—
Grant Deed
related
$165,260,000 · Jp Morgan Chase Bk
Oct 12, 2012
—
G6 Hospitality Property LLC
Motel 6 Operating LP
Warranty Deed
related
$1,050,000,000 · J P Morgan Chase Bank
May 8, 2012
—
Motel 6 Operating LP
M-six V Business Trust
Grant Deed
related
—
Jun 2, 1998
—
William J Wade Trustee
Motel 6 Operating LP
Grant Deed
related
—
—
—
G6 Hospitality Property LLC
—
Deed Of Trust
related
$1,800,000,000 · Jp Morgan Chase 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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