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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Apartment buildings
5303 Mason Rd Katy, TX 77450-7150
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-5166703
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2014
Total area
26,631 SF
Lot
10.61 ac (462,084 SF)
APN
0406-00-001-0068-914
UPID
US82-5166703
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
-
Niki's Africain hair braiding and weaving Hair Salon
-
The Brodie at Cinco Ranch Apartment Complex Figurine Shop
-
1st Formation Notary and Signing Service Law Firm
-
Fit 2 Fab Lifestyle Vitamin & Supplements Store Weight Loss Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$915k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$797k
Blend (final)
Blend
$855k
Owner & transaction history
Rpmi 5303 South Mason Road Owner Ll · 4 yrs held
Rpmi 5303 South Mason Road Owner Ll
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+126.3%
Warehouse, storage
$1.3M
+113.3%
Retail stores
$1.1M
+80.7%
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
$915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$600,000
Current use
AUTO REPAIR, GARAGE
$1,355,000
Change: +126% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,275,000
Change: +113% · Conversion: Difficult
RETAIL STORES
$1,080,000
Change: +81% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$32 / 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
$855,098
Tax year 2023
Assessed value
$35,850,676
Assessed 2024
Previous assessed
$41,236,650
-13.1% YoY
Effective rate
2.39%
On assessed value
Assessed land
$2,957,424
Assessed improvement
$32,893,252
Land market value
$2,957,424
Improvement market value
$32,893,252
Total market value
$35,850,676
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2014
Heating
CENTRAL
Cooling
CENTRAL
Total area
26,631 SF
Lot
10.61 ac (462,084 SF)
APN
0406-00-001-0068-914
UPID
US82-5166703
Jurisdiction
FORT BEND
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
$600,000
AUTO REPAIR, GARAGE
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
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
2014
Heating
CENTRAL
Cooling
Yes
Lot
10.61 ac
Current owner
From public records · entity-resolved
Rpmi 5303 South Mason Road Owner Ll
Individual
Mailing address
5508 PARKCREST DR STE #320, AUSTIN, TX 78731-5049
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2021
—
Rpmi 5303 South Mason Road Owner Ll
Cinco Master LP
Special Warranty Deed
$42,133,000 · Mcr Mortgage Lender LP
Jul 7, 2014
—
Cinco Master LP
Mason & Fry 180 Partners LP
Grant Deed
related
—
—
—
Mason LP
—
Deed Of Trust
related
$950,000 · Michael Lavallee
—
—
Mason LP
—
Deed Of Trust
related
$950,000 · Mark L Gibbons
—
—
Mason LP
—
Deed Of Trust
related
$2,100,000 · Hbcr LLC
—
—
Mason LP
—
Deed Of Trust
related
$450,800 · Hbcr LLC
—
—
Mason LP
—
Loan Modification
related
$18,428,900 · Rockhall Funding Corp
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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