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Property profile & analytics
OFF-MARKET
Hotels
4703 Spencer Hwy 85 Pasadena, TX 77505-1501
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US82-2598169
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1982
Construction
WOOD FRAME
Total area
12,821 SF
Lot
2 ac (87,120 SF)
APN
700210000003
UPID
US82-2598169
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
-
Louis Restoration General Contractor
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Omega Hospitality INC · 9 yrs held
Omega Hospitality INC
since 2016
7 recorded transactions
Zoning & alternative use
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 Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasadena 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
—
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
$27,804
Tax year 2022
Assessed value
$2,104,203
Assessed 2024
Previous assessed
$2,445,819
-14.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$609,840
Assessed improvement
$1,494,363
Land market value
$609,840
Improvement market value
$1,494,363
Total market value
$2,104,203
Applied tax rate
21.0000
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/MOTEL
Status
Off-Market
Year built
1982
Construction
WOOD FRAME
Heating
RADIANT
Cooling
OTHER
Buildings
5
Stories
2
Total area
12,821 SF
Lot
2 ac (87,120 SF)
APN
700210000003
UPID
US82-2598169
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
Building & site characteristics
From public records
Year built
1982
Construction
WOOD FRAME
Heating
RADIANT
Cooling
Yes
Stories
2
Buildings
5
Lot
2 ac
Current owner
From public records · entity-resolved
Omega Hospitality INC
Entity
Mailing address
4709 SPENCER HWY #85, PASADENA, TX 77505-1501
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2016
—
Omega Hospitality INC
Panchal,jayantilal M & Tanujabahen J
Warranty Deed
$2,422,000 · Transpecos Bks
Jul 22, 2016
—
Spencer Motor Inns INC
—
Deed
related
$1,500,000 · First Int'l Bk
Nov 15, 2012
—
Jyodh Hospitality LLC
Spencer Motor Inns INC
Grant Deed
$1,600,000 · Spencer Motor Inns INC
Feb 15, 2012
—
Spencer Motor Inns INC
—
Trustees Deed
related
$21,979 · American First National Bank
—
—
Spencer Motor Inns INC
—
Deed Of Trust
related
$50,000 · United Central National Bank
—
—
Spencer Motor Inns INC
—
Deed Of Trust
related
$1,029,798 · First International Bank
—
—
Spencer Motor Inns INC
—
Deed Of Trust
related
$995,359 · First International Bank
—
—
Spencer Motor Inns INC
—
Loan Modification
related
$1,500,000 · American First Nat'l Bk
—
—
Spencer Motor Inns INC
—
Deed Of Trust
related
$1,500,000 · American First National Bank
—
—
Spencer Motor Inns INC
—
Deed Of Trust
related
$1,500,000 · First International Bank
—
—
Spencer Motor Inns INC
—
Loan Modification
related
$1,500,000 · First Int'l Bk
—
—
Great Western Inn
—
Deed Of Trust
related
$1,500,000 · International Bank
—
—
Spencer Motor Inns INC
—
Deed Of Trust
related
$1,500,000 · First International 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.
Try Rey
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