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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Garden apartment buildings
5015 Louetta Rd 300 Spring, TX 77379-8172
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-1730070
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2004
Construction
FRAME
Total area
10,840 SF
Lot
18.04 ac (785,953 SF)
APN
1276060010001
UPID
US82-1730070
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
-
Creative Kidz Daycare Center
-
AuracolClean Hardware & Home Improvement
-
The Villages at Louetta Apartments Apartment Rental Agency Real Estate Rental Agency
-
H Royal Towing Service Auto Repair Shop
-
Galaxy Builders At Louetta Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$732k
Blend (final)
Blend
$690k
Owner & transaction history
Pbh Louetta LLC · 14 yrs held
Pbh Louetta LLC
since 2011
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+119.6%
Medical building
$770,000
+53.0%
Warehouse, storage
$710,000
+41.5%
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
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$505,000
Current use
COMMERCIAL (GENERAL)
$1,105,000
Change: +120% · Conversion: Moderate
MEDICAL BUILDING
$770,000
Change: +53% · Conversion: Moderate
WAREHOUSE, STORAGE
$710,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$710,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$64 / 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
$619,024
Tax year 2022
Assessed value
$29,790,661
Assessed 2024
Previous assessed
$35,381,683
-15.8% YoY
Effective rate
2.08%
On assessed value
Assessed land
$7,859,530
Assessed improvement
$21,931,131
Land market value
$7,859,530
Improvement market value
$21,931,131
Total market value
$29,790,661
Applied tax rate
17.0000
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
2004
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
20
Stories
3
Total area
10,840 SF
Lot
18.04 ac (785,953 SF)
APN
1276060010001
UPID
US82-1730070
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
$505,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$770,000
WAREHOUSE, STORAGE
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$710,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2004
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
20
Lot
18.04 ac
Current owner
From public records · entity-resolved
Pbh Louetta LLC
Entity
Mailing address
777 BRICKELL AVE STE #1200, MIAMI, FL 33131-2867
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2018
—
Pbh Louetta LLC
—
Deed
related
$23,421,000 · Berkadia Com'l Mtg
Dec 2, 2011
—
Pbh Louetta LLC
Wcot Villages At Louetta LP
Grant Deed
$15,825,000 · Jones Lang Lasalle Operations
Oct 29, 2009
—
Villages At Louetta Wcot
American Opportunity Of Housing-v
Grant Deed
related
—
—
—
Pbh Louetta LLC
—
Deed Of Trust
related
$5,320,000 · Jones Lang Lasalle Ops
—
—
Pbh Louetta LLC
—
Deed Of Trust
related
$1,700,000 · Jones Lang Lasalle Operations
—
—
Pbh Louetta LLC
—
Deed Of Trust
related
$23,421,000 · Berkadia Com'l Mtg
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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