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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Motels
5201 Pkwy St Groves, TX 77619-2916
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US83-3207209
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1983
Total area
33,440 SF
Lot
1.84 ac (80,368 SF)
APN
022750-000-000650-00000
UPID
US83-3207209
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$960k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$809k
Blend (final)
Blend
$885k
Owner & transaction history
Vasantbharati LLC · 6 yrs held
Vasantbharati LLC
since 2020
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.4M
+68.6%
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 Groves submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Groves 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
$960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$820,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,385,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$885k
Range $797k – $974k · ±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
$26 / 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
$70,519
Tax year 2023
Assessed value
$2,898,184
Assessed 2023
Previous assessed
$2,898,184
+0.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$80,400
Assessed improvement
$2,817,784
Land market value
$80,400
Improvement market value
$2,817,784
Total market value
$2,898,184
Applied tax rate
109.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1983
Heating
NONE
Stories
2
Total area
33,440 SF
Lot
1.84 ac (80,368 SF)
APN
022750-000-000650-00000
UPID
US83-3207209
Jurisdiction
JEFFERSON
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
HOTEL/MOTEL Current
Est. value
$820,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
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
1983
Heating
NONE
Stories
2
Lot
1.84 ac
Current owner
From public records · entity-resolved
Vasantbharati LLC
Entity
Mailing address
5201 E PKWY ST, GROVES, TX 77619-2916
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Oct 8, 2021
—
Vasantbharati LLC
—
Deed
related
$1,632,296 · Louisiana National Bank
Jun 23, 2020
—
Vasantbharati LLC
Nm Hospitality LLC
Venders Lien
$974,391 · First National Bank
Jul 22, 2008
—
Ovs Investments INC
Tgm Hospitality INC
Grant Deed
$1,900,000 · First Nbc Bank
—
—
Ovs Investments INC
—
Deed Of Trust
related
$1,362,000 · Greater E Tx Certified Dev
—
—
Tgm Hospitality INC
—
Deed Of Trust
related
$100,000 · Wachovia Bank NA
—
—
Ovs Investments INC
—
Deed Of Trust
related
$547,777 · First Nbc 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.
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