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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Garden apartment buildings
301 Pruitt Rd Spring, TX 77380-3021
Entity Owned
20-yr Hold
Property ID
US83-2377725
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2003
Construction
FRAME
Total area
6,747 SF
Lot
14.5 ac (631,620 SF)
APN
2133-00-00100
UPID
US83-2377725
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
-
Camden Spring Creek Apartments Real Estate Agency
-
Casa Alejandro Restaurante Restaurant
-
Madnyss Studio Tattoo & Piercing Shop
-
Nino Corporate Lodging Hotel & Motel Resort
-
Housing Advantage Corporation Housing Authority
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.06M
Owner & transaction history
USA Houston Apartments Holding · 20 yrs held
USA Houston Apartments Holding
since 2005
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.7M
+453.0%
Warehouse, storage
$710,000
+130.2%
Restaurant
$685,000
+121.7%
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
$1,030,000
CAP Approach
CAP Return
Estimation
6%
$1,180,000
6.5%
$1,090,000
7%
$1,015,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,705,000
Change: +453% · Conversion: Difficult
WAREHOUSE, STORAGE
$710,000
Change: +130% · Conversion: Difficult
RESTAURANT
$685,000
Change: +122% · Conversion: Difficult
COMMERCIAL (GENERAL)
$675,000
Change: +119% · Conversion: Moderate
Blend value · Realmo final
$1.06M
Range $954k – $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
$157 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$746,351
Tax year 2024
Assessed value
$46,500,000
Assessed 2024
Previous assessed
$43,000,000
+8.1% YoY
Effective rate
1.61%
On assessed value
Assessed land
$4,599,400
Assessed improvement
$41,900,600
Land market value
$4,599,400
Improvement market value
$41,900,600
Total market value
$46,500,000
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
2003
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Total area
6,747 SF
Lot
14.5 ac (631,620 SF)
APN
2133-00-00100
UPID
US83-2377725
Jurisdiction
MONTGOMERY
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
INDUSTRIAL (GENERAL)
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$710,000
RESTAURANT
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$675,000
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
RESTAURANT
COMMERCIAL (GENERAL)
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
2003
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
4
Lot
14.5 ac
Current owner
From public records · entity-resolved
USA Houston Apartments Holding
Entity
Mailing address
PO BOX 27329, HOUSTON, TX 77227-7329
Ownership since
2005
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
Sep 30, 2016
—
Fund Spring Creek LLC
—
Deed
related
$79,900,000 · Grandbridge R/e Cap
Oct 5, 2005
—
USA Houston Apartments Holding
USA Houston Apartments I LLC
Quit Claim Deed
related
—
Jan 14, 2005
—
Jc Capital
Pruitt Road Apartments
Grant Deed
related
$59,050,000 · Metropolitan Life Insurance
—
—
Fund Spring Creek LLC
—
Deed Of Trust
related
$79,900,000 · Grandbridge R/e Cap
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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