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Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Garden apartment buildings
2921 Sycamore Spgs Dr 136 Kingwood, TX 77339-1305
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3110869
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1979
Construction
FRAME
Total area
14,216 SF
Lot
5.3 ac (230,868 SF)
APN
1098210000450
UPID
US83-3110869
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$820k
CAP Approach
CAP
$1.45M
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.15M
Owner & transaction history
Keener Kingwood LLC · 8 yrs held
Keener Kingwood LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+98.1%
Industrial (general)
$1.5M
+77.5%
Restaurant
$1.4M
+58.6%
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 Kingwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kingwood 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
$820,000
CAP Approach
CAP Return
Estimation
6%
$1,570,000
6.5%
$1,450,000
7%
$1,345,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$870,000
Current use
OFFICE BUILDING
$1,720,000
Change: +98% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,540,000
Change: +77% · Conversion: Difficult
RESTAURANT
$1,375,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$975,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$910,000
Change: +5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$820,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$780,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.15M
Range $1.04M – $1.27M · ±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
$81 / 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
$180,415
Tax year 2022
Assessed value
$12,544,378
Assessed 2024
Previous assessed
$15,527,853
-19.2% YoY
Effective rate
1.44%
On assessed value
Assessed land
$1,154,340
Assessed improvement
$11,390,038
Land market value
$1,154,340
Improvement market value
$11,390,038
Total market value
$12,544,378
Applied tax rate
18.0000
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
1979
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
11
Stories
2
Rooms
3
Bathrooms
1
Total area
14,216 SF
Lot
5.3 ac (230,868 SF)
APN
1098210000450
UPID
US83-3110869
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
$870,000
OFFICE BUILDING
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
RESTAURANT
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$975,000
MEDICAL BUILDING
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$820,000
RETAIL STORES
Est. value
$780,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1979
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
11
Rooms
3
Bathrooms
1
Lot
5.3 ac
Current owner
From public records · entity-resolved
Keener Kingwood LLC
Entity
Mailing address
700 LOUISIANA ST STE #4250, HOUSTON, TX 77002-2765
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
May 18, 2020
—
Keener Kingwood LLC
—
Deed
related
$12,114,000 · Cbre Cap Markets
Mar 2, 2018
—
Keener Kingwood LLC
Elm Sycamore Apartments LP
Trustees Deed
$11,750,000 · Roc Debt Strategies II Mtg Cap
May 6, 2015
—
Elm Sycamore Apartments LP
Pcl Elm Grove Apartments LLC
Quit Claim Deed
related
$7,432,000 · Amegy Bk
May 10, 2011
—
Pcl Elm Grove Apartments LLC
2921 Sycamore Springs Drive Ho
Grant Deed
$4,012,500 · Citigroup Global Markets Realt
Nov 2, 2010
$4,194,000
Sycamore Springs Drive Ho 2921
Smith,steven R
Trustees Deed
—
Jan 22, 2008
—
Elm Grove Apartments
Forest Green Investors
Grant Deed
related
—
May 30, 2006
—
Elm Grove Apartments
Eg Village Apts
Grant Deed
related
—
Nov 14, 1996
—
Elm Kingwood Ltd
Elm Grove Manor
Quit Claim Deed
related
$2,800,000 · Business Men's Assurance Co
—
—
Keener Kingwood LLC
—
Deed Of Trust
related
$12,114,000 · Cbre Cap Markets
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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