New search
Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Garden apartment buildings
201 Pruitt Rd Spring, TX 77380-3162
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US83-2377729
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2006
Construction
FRAME
Total area
5,655 SF
Lot
12.87 ac (560,748 SF)
Zoning code
6
APN
2133-00-00205
UPID
US83-2377729
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
-
Casa Alejandro Escuela High School
-
A’Mordiscos Restaurant Take-out & Catering
-
Fighter Portraits Photography Service (Bike/Boat/Book/etc) Store
-
Advanced Maritime Transport Freight Service Logistics Company
-
Marquis at The Woodlands Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
$915k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$965k
Owner & transaction history
Marquis Woodlands LLC · 14 yrs held
Marquis Woodlands LLC
since 2012
4 recorded transactions
Zoning & alternative use
6 · Spring, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.4M
+453.0%
Warehouse, storage
$595,000
+130.2%
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
$1,015,000
CAP Approach
CAP Return
Estimation
6%
$990,000
6.5%
$915,000
7%
$850,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,430,000
Change: +453% · Conversion: Difficult
WAREHOUSE, STORAGE
$595,000
Change: +130% · Conversion: Difficult
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±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
$171 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$671,716
Tax year 2024
Assessed value
$42,500,000
Assessed 2024
Previous assessed
$38,700,000
+9.8% YoY
Effective rate
1.58%
On assessed value
Assessed land
$3,965,644
Assessed improvement
$38,534,356
Land market value
$3,965,644
Improvement market value
$38,534,356
Total market value
$42,500,000
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
2006
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Total area
5,655 SF
Lot
12.87 ac (560,748 SF)
Zoning code
6
APN
2133-00-00205
UPID
US83-2377729
Jurisdiction
MONTGOMERY
Zoning & alternative use
6 · Spring, TX
Zoning 6 · permitted uses
6 · Spring, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$595,000
INDUSTRIAL (GENERAL)
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
2006
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
6
Lot
12.87 ac
Current owner
From public records · entity-resolved
Marquis Woodlands LLC
Entity
Mailing address
9606 N MOPAC EXPY STE #500, AUSTIN, TX 78759-5960
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2012
—
Marquis Woodlands LLC
Road Pruitt II
Grant Deed
$21,300,000 · Cbre Multifamily Cap
May 19, 2006
—
Pruitt Road II
Cook,john W
Deed Of Trust
related
$20,941,000 · J P Morgan Chase Bank
—
—
Woodlandss Finest LLC
—
Deed Of Trust
related
$2,667,500 · Capital Bank NA
—
—
Pruitt Road II
—
Deed Of Trust
related
$22,155,000 · Holliday Fenoglio Fowler LP
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 201 Pruitt Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
