Property profile

5755 Rayford Rd 408 Spring, TX 77389

OFF-MARKET
Garden apartment buildings
Property ID
US82-5119416
33,354 SF 22.79 ac lot Built 2020
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 2020
Construction METAL FRAME
Total area 33,354 SF
Lot 22.79 ac (992,528 SF)
APN 1502470010001
UPID US82-5119416

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Barber Shop
  • Apartment Building Apartment Complex

Location

5755 Rayford Rd, Unit 408 Spring, TX 77389-1899
Spring metro Census 555301 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.37M
Blend (final) Blend
$2.39M

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Restaurant $3.4M +121.7%
Office building $2.2M +43.0%
Auto repair, garage $2.1M +40.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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