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Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Garden apartment buildings
7202 Barker Cypress Rd 330 Cypress, TX 77433-2916
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4735882
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2007
Construction
FRAME
Total area
28,752 SF
Lot
24.76 ac (1,078,332 SF)
APN
1312510010001
UPID
US82-4735882
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
-
Carrington at Barker Cypress Real Estate Agency
-
Eudcollection Clothing Store
-
Izzy's Studio Hair Salon Nail Salon
-
Graceful Moves Moving & Storage (Cypress Texas Moving Company) Moving Company
-
DnA Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.85M
Owner & transaction history
Wrpv Xiii Carrington Cypress L · 8 yrs held
Wrpv Xiii Carrington Cypress L
since 2018
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+135.5%
Industrial (general)
$2.7M
+125.8%
Commercial (general)
$1.9M
+56.2%
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 Cypress submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cypress 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,195,000
Current use
RESTAURANT
$2,815,000
Change: +136% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,700,000
Change: +126% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,865,000
Change: +56% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,625,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$1,410,000
Change: +18% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,265,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$1.85M
Range $1.67M – $2.04M · ±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
$64 / 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
$393,964
Tax year 2022
Assessed value
$42,918,899
Assessed 2024
Previous assessed
$57,341,427
-25.2% YoY
Effective rate
0.92%
On assessed value
Assessed land
$7,915,074
Assessed improvement
$35,003,825
Land market value
$7,915,074
Improvement market value
$35,003,825
Total market value
$42,918,899
Applied tax rate
4.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
17
Stories
3
Total area
28,752 SF
Lot
24.76 ac (1,078,332 SF)
APN
1312510010001
UPID
US82-4735882
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
RESTAURANT
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2007
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
17
Lot
24.76 ac
Current owner
From public records · entity-resolved
Wrpv Xiii Carrington Cypress L
Individual
Mailing address
30 S WACKER DR STE #3600, CHICAGO, IL 60606-7462
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2018
—
Wrpv Xiii Carrington Cypress L
Virtu Carrington Owner LLC
Grant Deed
$30,760,000 · Berkeley Point Cap
Apr 17, 2014
—
Virtu Carrington Owner LLC
Mrp Barker Cypress LP
Grant Deed
$1,955,000 · Jones Lang Lasalle Operations
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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