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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Office Spaces
5505 Louetta Rd Ste A, Spring, TX 77379-7870
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3864333
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2011
Construction
WOOD FRAME
Total area
4,050 SF
Lot
0.38 ac (16,548 SF)
APN
1287090030001
UPID
US82-3864333
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
-
Comfort Dental Excellence Dental Office
-
Hair 4 You Hair Salon Nail Salon
-
Hamilton Calder Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$870k
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$965k
Owner & transaction history
Pcp Properties LLC · 14 yrs held
Pcp Properties LLC
since 2012
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 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
by Request
CAP Approach
CAP Return
Estimation
6%
$945,000
6.5%
$870,000
7%
$810,000
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±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
$238 / 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
$14,358
Tax year 2022
Assessed value
$802,269
Assessed 2024
Previous assessed
$820,689
-2.2% YoY
Effective rate
1.79%
On assessed value
Assessed land
$99,300
Assessed improvement
$702,969
Land market value
$99,300
Improvement market value
$702,969
Total market value
$802,269
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2011
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
4,050 SF
Lot
0.38 ac (16,548 SF)
APN
1287090030001
UPID
US82-3864333
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
2011
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Pcp Properties LLC
Entity
Mailing address
15303 BANDERA FLS BND, CYPRESS, TX 77429-6112
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2012
—
Pcp Properties LLC
Palms Office Condos-louetta Ll
Warranty Deed
$1,142,500 · Trustmark National Bank
May 24, 2011
—
Palms Office Condos-louetta Ll
—
Trustees Deed
related
$604,222 · Allegiance Bank Texas
Aug 10, 2010
—
Palms Office Condominiums-loue
—
Trustees Deed
related
$943,876 · Allegiance Bank Texas
Apr 7, 2009
—
Palms Office Condominiums-loue
—
Grant Deed
related
$1,100,000 · Allegiance Bank Texas
—
—
Palms Office Condos-louetta Ll
—
Deed Of Trust
related
$254,270 · Allegiance Bank Texas
—
—
Palms Office Condominiums-loue
—
Deed Of Trust
related
$800,000 · Allegiance Bank Texas
—
—
Palms Office Condominiums-loue
—
Deed Of Trust
related
$495,000 · Allegiance Bank Texas
—
—
Palms Office Condominiums-loue
—
Deed Of Trust
related
$187,495 · Allegiance Bank Texas
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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