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Property profile & analytics
OFF-MARKET
Estimated value
$1,890,000
High-rise multifamily apartments
21145 Spg Plz Dr 340 Spring, TX 77388-1438
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-9461507
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2015
Construction
FRAME
Total area
122,902 SF
Lot
14.29 ac (622,307 SF)
APN
1359480010001
UPID
US82-9461507
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
-
Reliant Mold Testing & Inspections Home Inspector Building Inspector
-
Life Coaching and Empowerment , LLC Marriage Or Relationship Counselor Service Establishment
-
Xienzz Repair LLC Construction Company General Contractor
-
FASTCAR RENT-A-CAR Alquiler de coches-Rental cars- car here Car Rental Facility
-
Arielle Spring Plaza Apartments Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.89M
Owner & transaction history
Mayuri LLC · 5 yrs held
Mayuri LLC
since 2021
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$15 / 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
$475,427
Tax year 2022
Assessed value
$50,877,758
Assessed 2024
Previous assessed
$62,321,214
-18.4% YoY
Effective rate
0.93%
On assessed value
Assessed land
$11,201,526
Assessed improvement
$39,676,232
Land market value
$11,201,526
Improvement market value
$39,676,232
Total market value
$50,877,758
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2015
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Stories
4
Total area
122,902 SF
Lot
14.29 ac (622,307 SF)
APN
1359480010001
UPID
US82-9461507
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
Building & site characteristics
From public records
Year built
2015
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
7
Lot
14.29 ac
Current owner
From public records · entity-resolved
Mayuri LLC
Entity
Mailing address
4420 CYPRESS CRK PKWY STE #224, HOUSTON, TX 77068-3411
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2021
—
Mayuri LLC
Spring Plaza Tx Partners LLC
Grant Deed
$43,875,000 · Greystone Svcg
Oct 25, 2018
—
Spring Plaza Tx Partners LLC
—
Deed
related
$26,926,000 · Walker & Dunlop
Dec 20, 2017
—
Spring Plaza Tx Partners LLC
Dd Spring Plaza LLC
Quit Claim Deed
related
$600,000,000 · Walker & Dunlop
—
—
Dd Spring Plaza LLC
—
Loan Modification
related
$31,875,000 · Us Bk
—
—
Spring Plaza Tx Partners LLC
—
Deed Of Trust
related
$26,926,000 · 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.
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?”
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