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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Garden apartment buildings
750 Grand S Pkwy 388 Katy, TX 77494-8404
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-4858591
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2021
Construction
METAL FRAME
Total area
25,404 SF
Lot
14.28 ac (622,032 SF)
APN
1406630010001
UPID
US82-4858591
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
-
Lenox Grand West Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$996k
Blend (final)
Blend
$1.15M
Owner & transaction history
Oh Sl LP · 8 yrs held
Oh Sl LP
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+249.8%
Auto repair, garage
$1.4M
+192.9%
Commercial (general)
$1.4M
+189.0%
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 Katy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Katy 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
$1,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,730,000
Change: +250% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,445,000
Change: +193% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,430,000
Change: +189% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,215,000
Change: +146% · Conversion: Difficult
RETAIL STORES
$770,000
Change: +56% · Conversion: Difficult
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±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
$45 / 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
$522,540
Tax year 2022
Assessed value
$53,803,224
Assessed 2024
Previous assessed
$29,782,998
+80.7% YoY
Effective rate
0.97%
On assessed value
Assessed land
$5,780,288
Assessed improvement
$48,022,936
Land market value
$5,780,288
Improvement market value
$48,022,936
Total market value
$53,803,224
Applied tax rate
19.0000
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
2021
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
16
Total area
25,404 SF
Lot
14.28 ac (622,032 SF)
APN
1406630010001
UPID
US82-4858591
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
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$770,000
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
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
2021
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
16
Lot
14.28 ac
Current owner
From public records · entity-resolved
Oh Sl LP
Entity
Free & Clear · 8 yrs held
Mailing address
901 S MOPAC EXPY BLDG #3, AUSTIN, TX 78746-5776
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2020
—
Jose L Jimenez
—
Deed
related
$543,750 · First Colony Mtg Corp
Mar 5, 2018
—
Oh Sl LP
St Lukes Health System Corp
Grant Deed
related
—
Dec 28, 2012
—
St Lukes Episcopal Props Corp
Anne V Stevenson
Grant Deed
related
—
Jun 7, 2004
—
Kingsland Katy Cvs
Edward D Vickery JR.
Grant Deed
related
—
—
—
Jose L Jimenez
—
Deed Of Trust
related
$543,750 · First Colony Mtg Corp
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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