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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Garden apartment buildings
2139 Lk Hls Dr 260 Humble, TX 77339-2301
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3057339
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1978
Construction
FRAME
Total area
7,764 SF
Lot
9.81 ac (427,441 SF)
APN
1075820000030
UPID
US82-3057339
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$790k
Comparable Approach
Comparable
$640k
Blend (final)
Blend
$715k
Owner & transaction history
Spcp Mustang Owner LLC · 2 yrs held
Spcp Mustang Owner LLC
since 2024
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$940,000
+98.1%
Industrial (general)
$840,000
+77.5%
Restaurant
$750,000
+58.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$860,000
6.5%
$790,000
7%
$735,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$475,000
Current use
OFFICE BUILDING
$940,000
Change: +98% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$840,000
Change: +77% · Conversion: Difficult
RESTAURANT
$750,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$535,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$495,000
Change: +5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$450,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$92 / 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
$221,917
Tax year 2022
Assessed value
$19,951,741
Assessed 2024
Previous assessed
$19,099,845
+4.5% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,137,205
Assessed improvement
$17,814,536
Land market value
$2,137,205
Improvement market value
$17,814,536
Total market value
$19,951,741
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1978
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
27
Stories
2
Rooms
1
Bathrooms
1
Total area
7,764 SF
Lot
9.81 ac (427,441 SF)
APN
1075820000030
UPID
US82-3057339
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
$475,000
OFFICE BUILDING
Est. value
$940,000
INDUSTRIAL (GENERAL)
Est. value
$840,000
RESTAURANT
Est. value
$750,000
COMMERCIAL (GENERAL)
Est. value
$535,000
MEDICAL BUILDING
Est. value
$495,000
AUTO REPAIR, GARAGE
Est. value
$450,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1978
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
27
Rooms
1
Bathrooms
1
Lot
9.81 ac
Current owner
From public records · entity-resolved
Spcp Mustang Owner LLC
Entity
Mailing address
5910 N CENTRAL EXPY STE #980, DALLAS, TX 75206-5181
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2024
—
Spcp Mustang Owner LLC
—
Deed
related
$22,000,000 · Voya Investment Management LLC
—
—
Hayden Woodland Hills LLC
—
Deed Of Trust
related
$12,000,000 · Amerisphere Mortgage Fin LLC
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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