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Property profile & analytics
OFF-MARKET
Estimated value
$2,065,000
Garden apartment buildings
1800 Spg Stuebner Rd 332 Spring, TX 77389-5447
Individually Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-1131044
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2020
Construction
METAL FRAME
Total area
27,750 SF
Lot
17.44 ac (759,682 SF)
APN
1372080010005
UPID
US83-1131044
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
-
Vow and Voyage Wedding Service Event Planning
-
The Canopy at Springwoods Village Apartment Complex
-
Close-Up Photo Booth Rental Company Photography Service Party Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.39M
CAP Approach
CAP
$2.83M
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$2.07M
Owner & transaction history
Harris Cnty Imp District No 18 · 7 yrs held
Harris Cnty Imp District No 18
since 2019
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+121.7%
Office building
$1.8M
+43.0%
Auto repair, garage
$1.8M
+40.1%
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 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
$1,385,000
CAP Approach
CAP Return
Estimation
6%
$3,065,000
6.5%
$2,830,000
7%
$2,630,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,270,000
Current use
RESTAURANT
$2,810,000
Change: +122% · Conversion: Difficult
OFFICE BUILDING
$1,815,000
Change: +43% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,775,000
Change: +40% · Conversion: Difficult
MEDICAL BUILDING
$1,615,000
Change: +27% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,435,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$2.07M
Range $1.86M – $2.27M · ±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
$74 / 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
$430,679
Tax year 2022
Assessed value
$54,682,391
Assessed 2024
Previous assessed
$56,455,408
-3.1% YoY
Effective rate
0.79%
On assessed value
Assessed land
$14,503,640
Assessed improvement
$40,178,751
Land market value
$14,503,640
Improvement market value
$40,178,751
Total market value
$54,682,391
Applied tax rate
24.0000
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
2020
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
14
Total area
27,750 SF
Lot
17.44 ac (759,682 SF)
APN
1372080010005
UPID
US83-1131044
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
$1.3M
RESTAURANT
Est. value
$2.8M
OFFICE BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
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
2020
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
14
Lot
17.44 ac
Current owner
From public records · entity-resolved
Harris Cnty Imp District No 18
Individual
Free & Clear · 7 yrs held
Mailing address
1400 POST OAK BLVD STE #500, HOUSTON, TX 77056-3008
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2019
—
Harris Cnty Imp District No 18
Springwoods Realty INC
Grant Deed
related
—
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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