Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2020 Westcreek Ln, Unit 403 Houston, TX 77027-3622

    • High-rise multifamily apartments
    • 666,194 SF
    • 2.04 lot acres
    OFF-MARKET
    Value Estimations
    $8,920,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9516223
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cyber Decor / Furniture & Home Goods / Home Decor Store
    • ChargePoint Charging Station / Electric Vehicle Charging Station
    • 2020 Westcreek Ln Parking / Parking Lot & Garage
    • Bowen River Oaks Apartments / Apartment Complex

    Property Details for 2020 Westcreek Ln

    Year built
    2020
    Construction
    CONCRETE
    Lot size
    2.04 lot acres
    Property size
    666,194 SF
    Property type
    High-rise multifamily apartments
    APN
    1349290010004
    APU
    1349290010004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4555
    Latitude
    29.7461
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $3,680,359
    $17,813,400
    $103,429,411
    $121,242,811
    -
    $17,813,400
    $103,429,411
    $121,242,811

    Comparable in this City

    • Value Estimation
      $10,690,000
      542,457 SF

      2220 Westcreek Ln, Unit 295

      HIGH-RISE APARTMENTS • 542,457 SF
      2220 Westcreek Ln, Houston, TX 77027-3611
      View Details
    • Value Estimation
      $7,280,000
      388,082 SF

      2311 Mid Ln, Unit 297

      HIGH-RISE APARTMENTS • 388,082 SF
      2311 Mid Ln, Houston, TX 77027-4346
      View Details
    • Value Estimation
      $6,355,000
      260,047 SF

      1317 Post Oak Park Dr, Unit 304

      HIGH-RISE APARTMENTS • 260,047 SF
      1317 Post Oak Park Dr, Houston, TX 77027-2104
      View Details
    • Value Estimation
      $5,050,000
      245,104 SF

      2121 Mid Ln, Unit 329

      HIGH-RISE APARTMENTS • 245,104 SF
      2121 Mid Ln, Houston, TX 77027-3867
      View Details
    • Value Estimation
      $5,710,000
      353,023 SF

      2303 Mid Ln, Unit 344

      HIGH-RISE APARTMENTS • 353,023 SF
      2303 Mid Ln, Houston, TX 77027-3849
      View Details
    • Value Estimation
      $2,330,000
      75,636 SF

      3131 Timmons Ln, Unit 449

      HIGH-RISE APARTMENTS • 75,636 SF
      3131 Timmons Ln, Houston, TX 77027-5922
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,623 SF

      Luxury High-Rise Condo with Views

      Spacious condo with amenities near Memorial Park, River Oaks, Galleria.
      49 Briar Hollow Ln, Houston, TX 77027
      View Details
    • Contact for pricing
      1,753 SF

      Renovated High-Rise Condo with Views

      Luxury 2-bed, 2-bath condo with city views and modern amenities.
      49 Briar Hollow Ln, Houston, TX 77027
      View Details
    • Contact for pricing
      1,450 SF

      Remodeled Unit in River Oaks

      Modern 2 bed, 2 bath unit with premium amenities.
      2200 Willowick Rd, Houston, TX 77027
      View Details
    • Contact for pricing
      1,753 SF

      Renovated High-Rise Condo with Views

      Luxury condo with city views, modern amenities, and prime location.
      49 Briar Hollow Ln, Houston, TX 77027
      View Details
    • Contact for pricing
      1,401 SF

      Top-Floor Condo with Balcony & Views

      Top-floor 2BR/2BA condo in prime Houston location with balcony.
      58 Briar Hollow Ln, Houston, TX 77027
      View Details
    • $158,000

      Inner Loop Condo with Utilities

      Condo in Greenway Plaza/Upper Kirby with included utilities.
      3401 Timmons Ln, Houston, TX 77027
      View Details

    Similar Nearby for Lease

    • $3,850 /Mo

      Furnished High-Rise Condo with Skyline Views

      Furnished high-rise condo with granite counters and skyline views.
      49 Briar Hollow Ln, Houston, TX 77027
      View Details
    • Contact for pricing
      2,283 SF

      Prime Land Inside Loop 610

      Land for redevelopment near Memorial Park, River Oaks, and Uptown.
      4550 Post Oak Place Dr, Houston, TX 77027
      View Details
    • $21 SF/Yr
      185,166 SF

      West Loop Executive Suites

      Prestigious West Loop Office Space
      1455 Loop, Houston, TX 77027
      View Details
    • Contact for pricing
      8,191 SF

      Retail Space Available For Rent

      Retail space available for rent at 3773 Southwest Freeway.
      3773 Southwest Fwy, Houston, TX 77027
      View Details
    • Contact for pricing
      1,720 SF

      Retail Space on Richmond Avenue

      Retail space available for lease on Richmond Avenue, Houston.
      3819-3995 Richmond Ave, Houston, TX 77027
      View Details
    • Contact for pricing
      294 SF

      Office Space Available For Rent

      Office space available for rent, approximately 294 square feet.
      4848 Guiton St, Houston, TX 77027
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2020 Westcreek Ln, Unit 403
    Houston, TX 77027-3622
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.