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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Garden apartment buildings
24758 Grand Hbr Dr 324 Katy, TX 77494-0872
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-9247871
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2012
Construction
FRAME
Total area
26,628 SF
Lot
13.78 ac (600,257 SF)
APN
1343200010001
UPID
US82-9247871
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
-
Carrera Floors General Contractor Renovation Specialist
-
FRD Design & Construction General Contractor Renovation Specialist
-
Just One Spark Photography Photography Service (Bike/Boat/Book/etc) Store
-
Houston Tshirt Graphics Production Facility Textile Manufacturer
-
CLMA LLC Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$870k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$940k
Owner & transaction history
Vr Grand Harbor Holdings LP · 10 yrs held
Vr Grand Harbor Holdings LP
since 2016
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+192.9%
Commercial (general)
$1.5M
+189.0%
Warehouse, storage
$1.3M
+146.3%
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
Method
Estimation
Statistic approach
by Request
ML approach
$870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,515,000
Change: +193% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,495,000
Change: +189% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,275,000
Change: +146% · Conversion: Difficult
RETAIL STORES
$810,000
Change: +56% · Conversion: Difficult
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±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
$35 / 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
$1,055,756
Tax year 2022
Assessed value
$54,508,800
Assessed 2024
Previous assessed
$60,174,509
-9.4% YoY
Effective rate
1.94%
On assessed value
Assessed land
$9,003,855
Assessed improvement
$45,504,945
Land market value
$9,003,855
Improvement market value
$45,504,945
Total market value
$54,508,800
Applied tax rate
19.0000
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
2012
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
22
Stories
3
Total area
26,628 SF
Lot
13.78 ac (600,257 SF)
APN
1343200010001
UPID
US82-9247871
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
AUTO REPAIR, GARAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$810,000
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
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
2012
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
22
Lot
13.78 ac
Current owner
From public records · entity-resolved
Vr Grand Harbor Holdings LP
Entity
Mailing address
1725 16TH AVE RICHMOND HL ON 4TH STE 201ST XX
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Aug 28, 2020
—
Vr Grand Harbor Holdings LP
—
Deed
related
$38,500,000 · Walker & Dunlop
Feb 12, 2016
—
Vr Grand Harbor Holdings LP
Dolce Living Of Grand Harbour LLC
Trustees Deed
$26,260,000 · Miscellaneous Ins Co
—
—
Vr Grand Harbor Holdings LP
—
Deed Of Trust
related
$38,500,000 · Walker & Dunlop
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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