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Property profile & analytics
OFF-MARKET
Estimated value
$1,830,000
Garden apartment buildings
8655 Jones Rd 420, Jersey Village, TX 77065-5105
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0991153
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1998
Construction
FRAME
Total area
17,288 SF
Lot
25.64 ac (1,116,878 SF)
APN
1160960000002
UPID
US82-0991153
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.83M
Owner & transaction history
Gwr Trails Cc Owner LLC · 8 yrs held
Gwr Trails Cc Owner LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.8M
+158.7%
Restaurant
$1.3M
+22.0%
Office building
$1.2M
+11.3%
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 Jersey Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jersey Village 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
COMMERCIAL (GENERAL)
$2,795,000
Change: +159% · Conversion: Moderate
RESTAURANT
$1,320,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$1,205,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$1.83M
Range $1.65M – $2.01M · ±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
$106 / 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
$683,754
Tax year 2022
Assessed value
$43,787,019
Assessed 2024
Previous assessed
$49,361,722
-11.3% YoY
Effective rate
1.56%
On assessed value
Assessed land
$6,701,268
Assessed improvement
$37,085,751
Land market value
$6,701,268
Improvement market value
$37,085,751
Total market value
$43,787,019
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
1998
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
26
Stories
3
Rooms
1
Bathrooms
6
Total area
17,288 SF
Lot
25.64 ac (1,116,878 SF)
APN
1160960000002
UPID
US82-0991153
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
COMMERCIAL (GENERAL)
Est. value
$2.8M
RESTAURANT
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
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
1998
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
26
Rooms
1
Bathrooms
6
Lot
25.64 ac
Current owner
From public records · entity-resolved
Gwr Trails Cc Owner LLC
Entity
Mailing address
2000 WW LOOP S STE #1050, HOUSTON, TX 77027-3516
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2021
—
Gwr Trails Cc Owner LLC
—
Deed
related
$44,523,000 · Jll Real Estate Capital LLC
Aug 3, 2020
—
Gwr Trails Cc Owner LLC
—
Deed Of Trust
related
$32,000,000 · Jll Real Estate Capital LLC
Jan 3, 2018
—
Gwr Trails Cc Owner LLC
Trails At Corinthian Creek Ltd
Quit Claim Deed
related
$28,125,000 · Holliday Fenoglio Fowler
Jun 26, 2009
—
Trails At Corinthian Creek Ltd
Beeler-sanders V Ltd
Warranty Deed
related
—
Apr 22, 2002
—
Richard Cook
Hodges,kenneth F & Lisa S
Grant Deed
$79,100 · Matrix Financial Service Corp
—
—
Gwr Trails Ep Owner LLC
—
Deed Of Trust
related
$34,000,000 · Jll Real Estate Capital LLC
—
—
Trails At Corinthian Creek Ltd
—
Deed Of Trust
related
$14,570,901 · Beeler Sanders V Ltd
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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