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Property profile & analytics
OFF-MARKET
Estimated value
$2,400,000
Apartment buildings
22101 Grand Cor Dr Katy, TX 77494-5946
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-9736081
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2013
Total area
390,016 SF
Lot
14.44 ac (629,006 SF)
APN
3516-00-002-0020-914
UPID
US82-9736081
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
-
Grand Reserve Apartment Complex
-
griffin elementary High School
-
LYF Construction Construction Company General Contractor
-
Masterwash Car Wash
-
City Drone Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.40M
Owner & transaction history
22101 Grand Corner Borrower LLC · 3 yrs held
22101 Grand Corner Borrower LLC
since 2022
3 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 Katy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Katy 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
$6 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$546,092
Tax year 2023
Assessed value
$44,773,382
Assessed 2024
Previous assessed
$33,224,609
+34.8% YoY
Effective rate
1.22%
On assessed value
Assessed land
$5,032,051
Assessed improvement
$39,741,331
Land market value
$5,032,051
Improvement market value
$39,741,331
Total market value
$44,773,382
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2013
Heating
CENTRAL
Cooling
CENTRAL
Total area
390,016 SF
Lot
14.44 ac (629,006 SF)
APN
3516-00-002-0020-914
UPID
US82-9736081
Jurisdiction
FORT BEND
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
2013
Heating
CENTRAL
Cooling
Yes
Lot
14.44 ac
Current owner
From public records · entity-resolved
22101 Grand Corner Borrower LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3200 ROCKBRIDGE ST STE #200, RICHMOND, VA 23230-4333
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2022
—
22101 Grand Corner Borrower LLC
Ag Hilltop Grand Reserve Prop Owner
Special Warranty Deed
—
Oct 26, 2016
—
Grand Corner Tic I LLC
Ggt Trg Grand Lakes Tx LLC
Quit Claim Deed
related
—
Dec 21, 2012
—
Ggt Trg Grand Lakes Tx LLC
Parkside Grand Reserve Ltd
Special Warranty Deed
$21,470,000 · Texas Capital Bank NA
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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