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Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Garden apartment buildings
510 Westgreen Blvd 225 Katy, TX 77450-7592
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-9678437
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2014
Construction
FRAME
Total area
138,596 SF
Lot
6.61 ac (288,062 SF)
APN
1314940020001
UPID
US82-9678437
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
-
B- Eternal Fitness Gym & Fitness Center
-
Las key Baker Memorial Plaza Park
-
AIM MOVERS OF KATY Moving Company
-
Inprints photography Photography Service (Bike/Boat/Book/etc) Store
-
Haven at Westgreen Apartments Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.37M
Owner & transaction history
Serenity Springs Katy Master L · 5 yrs held
Serenity Springs Katy Master L
since 2021
4 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 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
Method
Estimation
Statistic approach
by Request
ML approach
$1,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±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
$10 / 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
$641,899
Tax year 2022
Assessed value
$35,115,375
Assessed 2024
Previous assessed
$36,586,100
-4.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$5,761,240
Assessed improvement
$29,354,135
Land market value
$5,761,240
Improvement market value
$29,354,135
Total market value
$35,115,375
Applied tax rate
19.0000
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
2014
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
3
Total area
138,596 SF
Lot
6.61 ac (288,062 SF)
APN
1314940020001
UPID
US82-9678437
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
2014
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
4
Lot
6.61 ac
Current owner
From public records · entity-resolved
Serenity Springs Katy Master L
Individual
Mailing address
4420 CYPRESS CRK PKWY STE #224, HOUSTON, TX 77068-3411
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Jan 4, 2021
—
Serenity Springs Katy Master L
Serenity Springs Katy LP
Quit Claim Deed
related
—
Nov 1, 2019
—
Serenity Springs Katy LP
Haven At Westgreen Owner LLC
Grant Deed
related
—
Dec 16, 2015
—
Haven At Westgreen Owner LLC
Haven At Westgreen LP
Quit Claim Deed
related
$19,675,000 · * Other Institutional Lenders
—
—
Haven At Westgreen Owner LLC
—
Deed Of Trust
related
$20,198,000 · Holliday Fenoglio Fowler
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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