Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Garden apartment buildings
22921 Imperial Vly Dr 266 Houston, TX 77073-1146
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3372709
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1983
Construction
FRAME
Total area
10,137 SF
Lot
8.42 ac (366,902 SF)
APN
1143120000023
UPID
US82-3372709
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
-
Mira Bella Apartments Apartment Complex
-
BEAUTIFUL BODIES Gym & Fitness Center Training Center
-
Dan & Smith Associates Consultant
-
Dufme Global Enterprises LLC Marketing & Advertising IT Consulting Firm
-
SexiPea*Da*BraidQueen Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$950k
Blend (final)
Blend
$1.07M
Owner & transaction history
Keener Spring LLC · 6 yrs held
Keener Spring LLC
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+107.6%
Restaurant
$1.0M
+61.7%
Auto repair, garage
$800,000
+26.4%
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
COMMERCIAL (GENERAL)
$1,315,000
Change: +108% · Conversion: Moderate
RESTAURANT
$1,025,000
Change: +62% · Conversion: Difficult
AUTO REPAIR, GARAGE
$800,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$705,000
Change: +11% · Conversion: Moderate
MEDICAL BUILDING
$645,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±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
$105 / 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
$142,450
Tax year 2022
Assessed value
$15,598,846
Assessed 2024
Previous assessed
$18,566,451
-16.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$2,935,208
Assessed improvement
$12,663,638
Land market value
$2,935,208
Improvement market value
$12,663,638
Total market value
$15,598,846
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1983
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
19
Stories
3
Rooms
1
Bathrooms
6
Total area
10,137 SF
Lot
8.42 ac (366,902 SF)
APN
1143120000023
UPID
US82-3372709
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
COMMERCIAL (GENERAL)
Est. value
$1.3M
RESTAURANT
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$800,000
OFFICE BUILDING
Est. value
$705,000
MEDICAL BUILDING
Est. value
$645,000
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1983
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
19
Rooms
1
Bathrooms
6
Lot
8.42 ac
Current owner
From public records · entity-resolved
Keener Spring LLC
Entity
Mailing address
911 E COUNTY LINE RDSTE203, LAKEWOOD, NJ 08701-2069
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2019
—
Keener Spring LLC
Mira Bella
Quit Claim Deed
related
$22,450,000 · Vmc Lender LLC
Mar 29, 2019
—
Parramatta Properties LLC
—
Grant Deed
related
$23,120,161 · Bank Of Tx
Apr 10, 2013
—
Threshold Arbor Ridge LP
22921 Imperial Valley Drive
Quit Claim Deed
$6,562,500 · Berkadia Com'l Mtg
—
—
Chancellor Apartments LLC
—
Deed Of Trust
related
$4,200,000 · Mainland Bank
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?”
You own 22921 Imperial Vly Dr, Unit 266?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
