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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Garden apartment buildings
2800 Hirschfield Rd 246 Spring, TX 77373-7480
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2175584
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1985
Construction
WOOD FRAME
Total area
23,358 SF
Lot
19.98 ac (870,329 SF)
APN
432090050184
UPID
US82-2175584
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
-
Serena Woods Apartments Apartment Building Apartment Rental Agency
-
Anew Lite Home Care Home Health Care Service Home Help
-
Ultimate Kreations Graphic Design Marketing & Advertising Advertising Agency
-
Signing Negotiators Law Firm
-
King Xavier Power Washing Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$731k
Blend (final)
Blend
$605k
Owner & transaction history
Quail Creek Apartments LP · 10 yrs held
Quail Creek Apartments LP
since 2015
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
Method
Estimation
Statistic approach
by Request
ML approach
$475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$26 / 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
$132,636
Tax year 2022
Assessed value
$15,235,834
Assessed 2024
Previous assessed
$17,386,598
-12.4% YoY
Effective rate
0.87%
On assessed value
Assessed land
$2,610,987
Assessed improvement
$12,624,847
Land market value
$2,610,987
Improvement market value
$12,624,847
Total market value
$15,235,834
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
1985
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
19
Stories
3
Rooms
7
Bathrooms
3
Total area
23,358 SF
Lot
19.98 ac (870,329 SF)
APN
432090050184
UPID
US82-2175584
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
1985
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
19
Rooms
7
Bathrooms
3
Lot
19.98 ac
Current owner
From public records · entity-resolved
Quail Creek Apartments LP
Entity
Mailing address
100 GLENBOROUGH DR STE #1000, HOUSTON, TX 77067-3621
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Sep 16, 2016
—
Quail Creek Apartments LP
—
Deed
related
$8,895,000 · Texas Cap Bk
Dec 17, 2015
—
Quail Creek Apartments LP
Mp One Westfield LLC
Grant Deed
related
—
May 28, 2014
—
Mp One Westfield LLC
Pd-briarcrest LLC
Grant Deed
$46,900,000 · Wells Fargo Bk
Mar 1, 2000
—
Wdop Sub I LP
Walden/drever Operating Ptshp
Grant Deed
related
—
—
—
Quail Creek Apartments LP
—
Deed Of Trust
related
$8,895,000 · Texas Cap Bk
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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