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Property profile & analytics
FOR SALE
Hotels
889 W Bay Area Blvd Webster, TX 77598
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3057893
For Sale
1 / 11
$4,550,000
889 W Bay Area Blvd, Webster, TX 77598
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1983
Construction
BRICK
Total area
29,725 SF
Lot
1.57 ac (68,198 SF)
APN
1205010000001
UPID
US83-3057893
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
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$704k
Blend (final)
Blend
$700k
Owner & transaction history
Vision Investment LLC · 14 yrs held
Vision Investment LLC
since 2012
7 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 Webster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Webster 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
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$660,000
Current use
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$24 / 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
$19,772
Tax year 2022
Assessed value
$2,533,048
Assessed 2024
Previous assessed
$2,275,130
+11.3% YoY
Effective rate
0.78%
On assessed value
Assessed land
$2,045,940
Assessed improvement
$487,108
Land market value
$2,045,940
Improvement market value
$487,108
Total market value
$2,533,048
Applied tax rate
27.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
For Sale
Year built
1983
Construction
BRICK
Heating
RADIANT
Cooling
OTHER
Buildings
1
Stories
2
Total area
29,725 SF
Lot
1.57 ac (68,198 SF)
APN
1205010000001
UPID
US83-3057893
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
HOTEL/MOTEL Current
Est. value
$660,000
HOTEL/MOTEL Current
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
1983
Construction
BRICK
Heating
RADIANT
Cooling
Yes
Stories
2
Buildings
1
Lot
1.57 ac
Current owner
From public records · entity-resolved
Vision Investment LLC
Entity
Mailing address
819 DELFORD WAY, SUGAR LAND, TX 77479-1101
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2020
—
Vision Investment LLC
—
Deed
related
$2,000,000 · Hometown Bk
Aug 2, 2012
—
Vision Investment LLC
—
Trustees Deed
related
$1,674,000 · Texas Citizens Bank NA
Feb 10, 2012
—
Vision Investment LLC
Comerica Bk
Grant Deed
$1,300,000 · Texas Citizens Bank NA
Mar 1, 2011
$2,100,000
Sterling Bk
Wonish,donna
Trustees Deed
related
—
Jun 23, 2008
—
Kyh National Investment LLC
Kishan Associates INC
Venders Lien
$2,175,000 · Temecula Valley Bank NA
Jun 20, 2008
—
Kyh National Investment LLC
Kishan Associates INC
Grant Deed
related
—
Jun 17, 2005
—
Kishan Associates INC
Nasa Hospitality INC
Venders Lien
$1,971,500 · Blx Capital LLC
—
—
Vision Investment LLC
—
Deed Of Trust
related
$2,000,000 · Hometown Bk
—
—
Vision Investment LLC
—
Deed Of Trust
related
$300,000 · Texas Citizens Bk NA
—
—
Kyh National Investment LLC
—
Deed Of Trust
related
—
—
—
Kyh National Investment LLC
—
Deed Of Trust
related
$1,559,000 · Houston-galveston Area Local D
—
—
Kyh National Investment LLC
—
Deed Of Trust
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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