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Property profile & analytics
OFF-MARKET
Estimated value
$9,000,000
Office buildings
6605 Cypresswood Dr Spring, TX 77379-7708
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-1542855
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
STEEL FRAME
Total area
49,066 SF
Lot
2.4 ac (104,544 SF)
APN
1185880010002
UPID
US82-1542855
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
-
Resilient Oriental Medicine, PLLC. Medical Clinic Alternative Medicine Practice
-
Reflections in Therapy,PLLC Crisis Center Medical Clinic
-
Lauren Prasse, LPC-S Counselor
-
Tower 48, Inc Law Firm
-
Representative P Harless State Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.55M
Comparable Approach
Comparable
$7.45M
Blend (final)
Blend
$9.00M
Owner & transaction history
Coventry Fund Vi Ltd · 16 yrs held
Coventry Fund Vi Ltd
since 2010
5 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%
$11,425,000
6.5%
$10,545,000
7%
$9,795,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$13,770,000
Current use
INDUSTRIAL (GENERAL)
$13,720,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$9.00M
Range $8.10M – $9.90M · ±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
$183 / 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
$71,244
Tax year 2022
Assessed value
$3,890,779
Assessed 2024
Previous assessed
$4,072,090
-4.5% YoY
Effective rate
1.83%
On assessed value
Assessed land
$627,264
Assessed improvement
$3,263,515
Land market value
$627,264
Improvement market value
$3,263,515
Total market value
$3,890,779
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
2000
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
4
Total area
49,066 SF
Lot
2.4 ac (104,544 SF)
APN
1185880010002
UPID
US82-1542855
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
$13.8M
INDUSTRIAL (GENERAL)
Est. value
$13.7M
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
2000
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Lot
2.4 ac
Current owner
From public records · entity-resolved
Coventry Fund Vi Ltd
Entity
Free & Clear · 16 yrs held
Mailing address
100 WAUGH DR STE #400, HOUSTON, TX 77007-5962
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2010
—
Coventry Fund Vi Ltd
Jwak Properties Ltd
Grant Deed
related
—
Mar 4, 2009
—
Jwak Properties Ltd
—
Grant Deed
related
$600,000,000 · Amegy Bank NA
Oct 24, 2007
—
Jwak Properties Ltd
Kent,james A
Quit Claim Deed
related
—
Mar 4, 1997
—
Jwak Properties Ltd
Cypresswood Ventures INC
Grant Deed
related
—
—
—
Coventry Fund Vi Ltd
—
Loan Modification
related
$2,269,097 · Post Oak Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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