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Property profile & analytics
OFF-MARKET
Estimated value
$10,690,000
High-rise multifamily apartments
2220 Westcreek Ln 295 Houston, TX 77027-3611
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-9267096
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2018
Construction
CONCRETE
Total area
542,457 SF
Lot
2.51 ac (109,292 SF)
APN
1349290010003
UPID
US82-9267096
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
-
Braintree (Bike/Boat/Book/etc) Store Corporate Office
-
Crimson Luxury Apartment Homes Real Estate Agency
-
Atrend Marketing Agency Marketing & Advertising Advertising Agency
-
Private Client Wellness Spa & Massage Center Alternative Medicine Practice
-
Like Minded Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.69M
Owner & transaction history
Galleria Loop Note Holder LLC · 6 yrs held
Galleria Loop Note Holder LLC
since 2019
7 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 Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Houston 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$15,120,000
Current use
Blend value · Realmo final
$10.69M
Range $9.62M – $11.76M · ±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
$20 / 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
$3,706,616
Tax year 2022
Assessed value
$151,435,931
Assessed 2024
Previous assessed
$183,968,410
-17.7% YoY
Effective rate
2.45%
On assessed value
Assessed land
$21,858,400
Assessed improvement
$129,577,531
Land market value
$21,858,400
Improvement market value
$129,577,531
Total market value
$151,435,931
Applied tax rate
1.0000
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
2018
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
15
Total area
542,457 SF
Lot
2.51 ac (109,292 SF)
APN
1349290010003
UPID
US82-9267096
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
$15.1M
APARTMENT HOUSE (5+ UNITS) Current
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
2018
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
15
Buildings
3
Lot
2.51 ac
Current owner
From public records · entity-resolved
Galleria Loop Note Holder LLC
Entity
Free & Clear · 6 yrs held
Mailing address
3399 PEACHTREE RD NE STE #600, ATLANTA, GA 30326-2832
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2019
—
Galleria Loop Note Holder LLC
Momin Kamelia N|1001 West Loop LP
Correction Deed
related
—
Sep 3, 2019
—
Galleria Loop Note Holder LLC
Momin,kamelia N
Grant Deed
related
—
Sep 7, 2018
—
Cg Westcreek Venture LP
Cg Westcreek LP
Quit Claim Deed
related
$134,000,000 · Miscellaneous Ins Co
Mar 2, 2016
—
Miltex Properties INC
Mccrary Holdings III LLC
Grant Deed
related
—
Nov 16, 2015
—
Bop Westcreek LLC
Houston-westcreek Partners LP
Grant Deed
related
—
Aug 3, 2015
—
Westcreek Prop Owners Assn INC
Houston-westcreek Partners LP
Quit Claim Deed
related
—
Jul 21, 2015
—
Ff Realty II LLC
Houston-westcreek Partners LP
Quit Claim Deed
related
—
Jun 3, 2015
—
Mccrary Holdings III LLC
Houston-westcreek Partners LP
Grant Deed
related
—
Jan 6, 2015
—
Cg Westcreek LP
Highland Terrace LP
Grant Deed
related
—
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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