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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Garden apartment buildings
3700 Kingwood Dr 390 Humble, TX 77339-3721
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2331163
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1980
Construction
FRAME
Total area
12,536 SF
Lot
26.5 ac (1,154,340 SF)
APN
1143330010100
UPID
US82-2331163
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
-
KINGOOD APARTMENTS Apartment Complex
-
We Can Fix 4 U Electrical Service General Contractor
-
Mike and Max's Mobile Lube Service Auto Repair Shop
-
Kingwood Lakes Apartments Apartment Complex Apartment Building
-
Evolving Icons Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.16M
Owner & transaction history
Lake Kylasam Limited Partnership · 3 yrs held
Lake Kylasam Limited Partnership
since 2022
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+98.1%
Industrial (general)
$1.4M
+77.5%
Restaurant
$1.2M
+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 Humble submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Humble 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%
$1,385,000
6.5%
$1,280,000
7%
$1,185,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$765,000
Current use
OFFICE BUILDING
$1,515,000
Change: +98% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,360,000
Change: +77% · Conversion: Difficult
RESTAURANT
$1,215,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$860,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$800,000
Change: +5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$725,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.16M
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
$92 / 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
$597,594
Tax year 2022
Assessed value
$44,816,559
Assessed 2024
Previous assessed
$51,433,324
-12.9% YoY
Effective rate
1.33%
On assessed value
Assessed land
$6,926,040
Assessed improvement
$37,890,519
Land market value
$6,926,040
Improvement market value
$37,890,519
Total market value
$44,816,559
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
1980
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
38
Stories
2
Rooms
1
Bathrooms
1
Total area
12,536 SF
Lot
26.5 ac (1,154,340 SF)
APN
1143330010100
UPID
US82-2331163
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
$765,000
OFFICE BUILDING
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
RESTAURANT
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$860,000
MEDICAL BUILDING
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$725,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1980
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
38
Rooms
1
Bathrooms
1
Lot
26.5 ac
Current owner
From public records · entity-resolved
Lake Kylasam Limited Partnership
Entity
Mailing address
4420 CYPRESS CRK PKWY STE #224, HOUSTON, TX 77068-3411
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2022
—
Lake Kylasam Limited Partnership
—
Deed
related
$30,000,000 · Voya Investment Management LLC
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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