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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Apartment buildings
3300 Falcon Lndg Blvd Katy, TX 77494-7748
Entity Owned
4-yr Hold
Free & Clear
Property ID
US82-1742273
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2015
Total area
1,022 SF
Lot
21.43 ac (933,534 SF)
Zoning code
RAD
APN
0189-00-003-0000-914
UPID
US82-1742273
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
-
Quick auto glass Auto Repair Shop (Bike/Boat/Book/etc) Store
-
DICE MOBILE MECHANIC Auto Repair Shop
-
Leo’s Pool General Contractor
-
TEES + INK Textile Manufacturer Factory
-
SIRISPOT Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
3300 Falcon Landing Tx Owner LP · 4 yrs held
3300 Falcon Landing Tx Owner LP
since 2021
4 recorded transactions
Zoning & alternative use
RAD · Katy, TX
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$504 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$979,444
Tax year 2023
Assessed value
$84,613,569
Assessed 2024
Previous assessed
$59,358,400
+42.5% YoY
Effective rate
1.16%
On assessed value
Assessed land
$5,601,206
Assessed improvement
$79,012,363
Land market value
$5,601,206
Improvement market value
$79,012,363
Total market value
$84,613,569
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2015
Heating
NONE
Stories
1
Bathrooms
1
Total area
1,022 SF
Lot
21.43 ac (933,534 SF)
Zoning code
RAD
APN
0189-00-003-0000-914
UPID
US82-1742273
Jurisdiction
FORT BEND
Zoning & alternative use
RAD · Katy, TX
Zoning RAD · permitted uses
RAD · Katy, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Katy. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2015
Heating
NONE
Stories
1
Bathrooms
1
Lot
21.43 ac
Current owner
From public records · entity-resolved
3300 Falcon Landing Tx Owner LP
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX A3878, CHICAGO, IL 60690-3878
Ownership since
2021
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
Aug 27, 2021
—
3300 Falcon Landing Tx Owner LP
Broadstone Falcon Landing Venture L
Special Warranty Deed
—
Dec 7, 2017
—
Broadstone Falcon Landing Vent
—
Deed
related
$33,200,000 · Compass Bk
Aug 3, 2010
—
Centex Hm
Platt,jim C
Grant Deed
related
—
—
—
Broadstone Falcon Landing Vent
—
Deed Of Trust
related
$33,200,000 · Compass 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.
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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