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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Garden apartment buildings
17802 Mound Rd 310 Cypress, TX 77433-0062
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-0819334
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2015
Construction
FRAME
Total area
16,948 SF
Lot
24.05 ac (1,047,792 SF)
APN
1365970010001
UPID
US83-0819334
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
$945k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$985k
Owner & transaction history
Mound Tx Partners LLC · 8 yrs held
Mound Tx Partners LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.6M
+125.8%
Commercial (general)
$1.1M
+56.2%
Auto repair, garage
$955,000
+35.8%
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 Cypress submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cypress 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
$945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$705,000
Current use
INDUSTRIAL (GENERAL)
$1,590,000
Change: +126% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,100,000
Change: +56% · Conversion: Moderate
AUTO REPAIR, GARAGE
$955,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$830,000
Change: +18% · Conversion: Moderate
WAREHOUSE, STORAGE
$745,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$58 / 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
$399,723
Tax year 2022
Assessed value
$57,410,844
Assessed 2024
Previous assessed
$58,179,649
-1.3% YoY
Effective rate
0.70%
On assessed value
Assessed land
$9,544,920
Assessed improvement
$47,865,924
Land market value
$9,544,920
Improvement market value
$47,865,924
Total market value
$57,410,844
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2015
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
32
Stories
2
Total area
16,948 SF
Lot
24.05 ac (1,047,792 SF)
APN
1365970010001
UPID
US83-0819334
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
$705,000
INDUSTRIAL (GENERAL)
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$955,000
MEDICAL BUILDING
Est. value
$830,000
WAREHOUSE, STORAGE
Est. value
$745,000
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2015
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
32
Lot
24.05 ac
Current owner
From public records · entity-resolved
Mound Tx Partners LLC
Entity
Mailing address
3424 PEACHTREE RD NE STE #300, ATLANTA, GA 30326-2818
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
Dec 24, 2025
—
Mound Tx Partners LLC
—
Deed
related
$262,385,000 · Wells Fargo Bank NA
Mar 3, 2022
—
Mound Tx Partners LLC
—
Deed
related
$37,839,000 · Wells Fargo Bank NA
Oct 25, 2018
—
Mound Tx Partners LLC
—
Deed
related
$33,670,000 · Walker & Dunlop
Jan 22, 2018
—
Mound Tx Partners LLC
Dd Mound Road Partners LLC
Quit Claim Deed
related
$33,175,000 · Keybank USA
Apr 13, 2017
—
Dd Mound Road Partners LLC
—
Deed
related
$33,175,000 · Keybank USA
—
—
Dd Mound Road Partners LLC
—
Deed Of Trust
related
$33,175,000 · Keybank USA
—
—
Mound Tx Partners LLC
—
Deed Of Trust
related
$33,670,000 · Walker & Dunlop
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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