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Property profile & analytics
OFF-MARKET
Estimated value
$1,840,000
Strip malls
23221 Aldine Westfield Rd Spring, TX 77373-7755
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-5293154
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
STEEL FRAME
Total area
115,142 SF
Lot
8.93 ac (389,021 SF)
APN
1167280000004
UPID
US82-5293154
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
-
Clearstone Realty Real Estate Agency
-
Aldine Champion Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Loan Till Payday Online Loan Service
-
Spring Personal Training #2 Gym & Fitness Center
-
Yes Fitness Spring Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.84M
Owner & transaction history
Spectrum Plaza Tx LLC · 14 yrs held
Spectrum Plaza Tx LLC
since 2011
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
$16 / 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
$34,984
Tax year 2022
Assessed value
$5,098,430
Assessed 2024
Previous assessed
$4,585,921
+11.2% YoY
Effective rate
0.69%
On assessed value
Assessed land
$1,750,595
Assessed improvement
$3,347,835
Land market value
$1,750,595
Improvement market value
$3,347,835
Total market value
$5,098,430
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
115,142 SF
Lot
8.93 ac (389,021 SF)
APN
1167280000004
UPID
US82-5293154
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
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
8.93 ac
Current owner
From public records · entity-resolved
Spectrum Plaza Tx LLC
Entity
Free & Clear · 14 yrs held
Mailing address
9103 ALTA DR UNIT #204, LAS VEGAS, NV 89145-8548
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
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
Aug 17, 2011
—
Spectrum Plaza Tx LLC
Csmc 2007-c1 Aldine Westfield
Grant Deed
related
—
Feb 1, 2011
$2,275,000
2007-c1 Aldine Westfield Csmc
Collateral Services INC
Trustees Deed
—
Jan 12, 2007
—
Spectrum Plaza Gp
Spectrum Plaza
Quit Claim Deed
related
$5,100,000 · Column Financial INC
—
—
Gerlands Realty LLC
—
Deed Of Trust
related
—
—
—
Gerlands Realty INC
—
Deed Of Trust
related
$2,300,000 · Grocers Supply Co INC
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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