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Property profile & analytics
OFF-MARKET
Auto shops
6906 Louetta Rd Spring, TX 77379-7419
Entity Owned
12-yr Hold
Free & Clear
Property ID
US82-0864805
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2008
Construction
METAL FRAME
Total area
7,000 SF
Lot
0.88 ac (38,507 SF)
APN
1310770010001
UPID
US82-0864805
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
-
Pinky’s Fireworks Discount Store Party Supply Store
-
Champions Auto Sales Car Dealership
-
MK AUTOMOTIVE LLC Auto Repair Shop
-
Auto Link Car Dealership
-
champion auto towing Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Louetta Asset Management LLC · 12 yrs held
Louetta Asset Management LLC
since 2013
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$16,613
Tax year 2022
Assessed value
$1,080,247
Assessed 2024
Previous assessed
$949,569
+13.8% YoY
Effective rate
1.54%
On assessed value
Assessed land
$577,605
Assessed improvement
$502,642
Land market value
$577,605
Improvement market value
$502,642
Total market value
$1,080,247
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2008
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
7,000 SF
Lot
0.88 ac (38,507 SF)
APN
1310770010001
UPID
US82-0864805
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
2008
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Louetta Asset Management LLC
Entity
Free & Clear · 12 yrs held
Mailing address
6906 LOUETTA RD, SPRING, TX 77379-7419
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2013
—
Louetta Asset Management LLC
Sara Automotive INC
Warranty Deed
related
—
Jan 25, 2010
—
Sara Automotive INC
Farhadi Asset Management LLC
Grant Deed
$832,325 · Farhadi Asset Management LLC
Jun 8, 2009
—
Farhadi Asset Management LLC
Casey,dacondo & Sandy
Deed In Lieu Of Foreclosure
related
—
—
—
Daconda Casey
—
Deed Of Trust
related
$575,000 · Farhadi Asset Management LLC
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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