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Property profile & analytics
OFF-MARKET
Estimated value
$2,185,000
Hotels
3134 Old Spanish Trl 92 Houston, TX 77054-2215
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-0331544
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2006
Construction
BRICK
Total area
51,739 SF
Lot
1.46 ac (63,467 SF)
APN
720590030001
UPID
US82-0331544
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
-
MD ANDERSON Hospital
-
Hotel Apartment Building
-
Mainstay Suites Texas Medical Center/Reliant Park Hotel & Motel Vacation Rental
-
The CEOfficial LLC Theater & Performing Art Venue Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$2.19M
Owner & transaction history
Encompass Health Texas R & E LLC · 6 yrs held
Encompass Health Texas R & E LLC
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+214.5%
Apartment house (5+ units)
$1.8M
+55.4%
Medical building
$1.6M
+43.4%
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 Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Houston 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,600,000
Change: +214% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,780,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$1,640,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$2.19M
Range $1.97M – $2.40M · ±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
$42 / 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
$140,554
Tax year 2022
Assessed value
$6,656,602
Assessed 2024
Previous assessed
$6,976,051
-4.6% YoY
Effective rate
2.11%
On assessed value
Assessed land
$2,062,678
Assessed improvement
$4,593,924
Land market value
$2,062,678
Improvement market value
$4,593,924
Total market value
$6,656,602
Applied tax rate
1.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2006
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
51,739 SF
Lot
1.46 ac (63,467 SF)
APN
720590030001
UPID
US82-0331544
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
OFFICE BUILDING
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
2006
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
1.46 ac
Current owner
From public records · entity-resolved
Encompass Health Texas R & E LLC
Entity
Free & Clear · 6 yrs held
Mailing address
8080 MAIN ST, HOUSTON, TX 77025-2808
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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 15, 2019
—
Alh Med Center LLC
—
Deed
related
$10,115,243 · Amegy Bk
Aug 8, 2019
—
Encompass Health Texas R & E LLC
Hmcc Investors LP
Grant Deed
related
—
Feb 5, 2013
—
Medical Center Hospitality LLC
Dsy LLC
Grant Deed
$4,740,000 · Jefferies Loancore LLC
—
—
Alh Med Center LLC
—
Deed Of Trust
related
$10,115,243 · Amegy Bk
—
—
Dsy LLC
—
Deed Of Trust
related
$4,766,000 · Trustmark National Bank
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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