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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Individual retail properties
20515 Lk Houston Pkwy Humble, TX 77346-1438
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-5576120
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1998
Construction
FRAME
Total area
16,498 SF
Lot
3.36 ac (146,579 SF)
APN
1328770010001
UPID
US82-5576120
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
-
The Gym Gym & Fitness Center
-
Life Time Gym & Fitness Center
-
LifeSpa Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$667k
Blend (final)
Blend
$665k
Owner & transaction history
Ltf Real Estate Co INC · 16 yrs held
Ltf Real Estate Co INC
since 2010
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+142.1%
Apartment house (5+ units)
$1.0M
+135.0%
Medical building
$775,000
+81.1%
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 Humble submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Humble 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
$670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
GYM, HEALTH SPA
$430,000
Current use
AUTO REPAIR, GARAGE
$1,035,000
Change: +142% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,005,000
Change: +135% · Conversion: Difficult
MEDICAL BUILDING
$775,000
Change: +81% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$40 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$37,298
Tax year 2020
Assessed value
$5,748,211
Assessed 2024
Previous assessed
$5,577,588
+3.1% YoY
Effective rate
0.65%
On assessed value
Assessed land
$1,390,432
Assessed improvement
$4,357,779
Land market value
$1,390,432
Improvement market value
$4,357,779
Total market value
$5,748,211
Applied tax rate
18.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Total area
16,498 SF
Lot
3.36 ac (146,579 SF)
APN
1328770010001
UPID
US82-5576120
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
GYM, HEALTH SPA Current
Est. value
$430,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$775,000
GYM, HEALTH SPA Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1998
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Lot
3.36 ac
Current owner
From public records · entity-resolved
Ltf Real Estate Co INC
Entity
Mailing address
2902 CORPORATE PL, CHANHASSEN, MN 55317-4560
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Mar 6, 2025
—
Ltf Real Estate Company INC
—
Deed
related
$3,000,000 · Wilmington Savings Fund Society Fsb
Jun 14, 2021
—
Ltf Real Estate Company INC
—
Deed
related
$3,000,000 · Wilmington Savings Fund Society Fsb
Apr 27, 2021
—
Ltf Intermediate Holdings INC
—
Deed
related
$850,000,000 · Deutsche Bank National Trust Co
Jun 4, 2010
—
Ltf Real Estate Co INC
Quantum Lifestyle Centers LLC
Grant Deed
related
—
—
—
Qls Health Complex
—
Deed Of Trust
related
$500,000 · Richard K SR Duncan
—
—
Ltf Real Estate Co INC
—
Deed Of Trust
related
$250,000,000 · Deutsche Bk Ag/ny Branch
—
—
Quantum Lifestyle Centers LLC
—
Deed Of Trust
related
$202,935 · Richard K SR Duncan
—
—
Quantum Lifestyle Centers LLC
—
Deed Of Trust
related
$1,492,000 · Richard K Duncan
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
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