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Property profile & analytics
OFF-MARKET
Estimated value
$2,375,000
Office buildings
6319 Cypresswood Dr Spring, TX 77379-8208
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US82-3549409
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
BRICK
Total area
9,307 SF
Lot
1.01 ac (44,057 SF)
APN
1173560060012
UPID
US82-3549409
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
-
Progressive Insurance By Harmony Agency Insurance Agency
-
XOG Resources Llc Gas Company
-
MeBe Texas - Houston Crisis Center Medical Clinic
-
Harmony National Insurance Brokerage Corp. - Lee Patterson Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.00M
Comparable Approach
Comparable
$2.75M
Blend (final)
Blend
$2.38M
Owner & transaction history
2s & Z Investments LLC · 6 yrs held
2s & Z Investments LLC
since 2020
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%
$2,165,000
6.5%
$2,000,000
7%
$1,860,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,610,000
Current use
INDUSTRIAL (GENERAL)
$2,605,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.38M
Range $2.14M – $2.61M · ±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
$255 / 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
$30,255
Tax year 2022
Assessed value
$2,086,100
Assessed 2024
Previous assessed
$1,729,282
+20.6% YoY
Effective rate
1.45%
On assessed value
Assessed land
$264,342
Assessed improvement
$1,821,758
Land market value
$264,342
Improvement market value
$1,821,758
Total market value
$2,086,100
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
9,307 SF
Lot
1.01 ac (44,057 SF)
APN
1173560060012
UPID
US82-3549409
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
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
2004
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
2s & Z Investments LLC
Entity
Mailing address
6319 CYPRESSWOOD DR #100, SPRING, TX 77379-8208
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2020
—
2s & Z Investments LLC
Bbva USA
Grant Deed
related
—
Oct 2, 2019
$529,156
Bbva USA
Ferretti Daniel J|iroquois Properties Ltd
Trustees Deed
—
Dec 2, 2014
—
Joseph M Perlman
Perlman,robin H
Quit Claim Deed
related
$1,393,000 · Bbva Compass Bk
—
—
Iroquois Properties Ltd
—
Deed Of Trust
related
$1,393,000 · Compass Bank
—
—
Joseph M Perlman
—
Deed Of Trust
related
$936,500 · Us Small Busn Admn
—
—
Iroquois Properties Ltd
—
Deed Of Trust
related
$536,500 · Us Small Busn Admn
—
—
Iroquois Properties Ltd
—
Deed Of Trust
related
$1,255,065 · Security Mutual Life Insurance
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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