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Property profile & analytics
OFF-MARKET
Estimated value
$2,850,000
Garden apartment buildings
938 Kingwood Dr 312 Humble, TX 77339-4458
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-4192121
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1998
Construction
FRAME
Total area
30,882 SF
Lot
14.6 ac (636,150 SF)
APN
1197110000001
UPID
US83-4192121
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
-
nove naturals (Bike/Boat/Book/etc) Store Cosmetic Store
-
Reserve at Kingwood Real Estate Agency
-
Cousins Maine Lobster Restaurant
-
Lodge at Kingwood Apartments Apartment Building Apartment Complex
-
Majestic Landscape Lighting Design - Kingwood Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.15M
Comparable Approach
Comparable
$2.55M
Blend (final)
Blend
$2.85M
Owner & transaction history
Dpr Kingwood LLC · 12 yrs held
Dpr Kingwood LLC
since 2014
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.7M
+98.1%
Industrial (general)
$3.3M
+77.5%
Restaurant
$3.0M
+58.6%
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 Humble submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Humble 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%
$3,410,000
6.5%
$3,150,000
7%
$2,925,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,885,000
Current use
OFFICE BUILDING
$3,735,000
Change: +98% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,345,000
Change: +77% · Conversion: Difficult
RESTAURANT
$2,990,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,120,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$1,975,000
Change: +5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,780,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$2.85M
Range $2.57M – $3.14M · ±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
$92 / 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
$108,669
Tax year 2022
Assessed value
$39,850,142
Assessed 2024
Previous assessed
$46,382,840
-14.1% YoY
Effective rate
0.27%
On assessed value
Assessed land
$6,361,502
Assessed improvement
$33,488,640
Land market value
$6,361,502
Improvement market value
$33,488,640
Total market value
$39,850,142
Applied tax rate
18.0000
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
13
Stories
3
Rooms
1
Bathrooms
1
Total area
30,882 SF
Lot
14.6 ac (636,150 SF)
APN
1197110000001
UPID
US83-4192121
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
$1.9M
OFFICE BUILDING
Est. value
$3.7M
INDUSTRIAL (GENERAL)
Est. value
$3.3M
RESTAURANT
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
13
Rooms
1
Bathrooms
1
Lot
14.6 ac
Current owner
From public records · entity-resolved
Dpr Kingwood LLC
Entity
Mailing address
270 S SERVICE RD, MELVILLE, NY 11747-2399
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2014
—
Dpr Kingwood LLC
Altis Aju Kingwood LLC
Grant Deed
$7,600,000 · M&t Rlty Cap
May 9, 2012
—
Altis Aju Kingwood LLC
Gecmc 2005-c2 Kingwood Lodgins
Grant Deed
$17,080,000 · M&t Rlty Cap
Feb 1, 2011
$14,350,000
Gecmc 2005-c2 Kingwood Lodging
Collateral Services INC
Trustees Deed
—
Oct 25, 2010
—
Multi-media Connections LLC
Lodge At Kingwood Ltd
Grant Deed
related
—
May 6, 2005
—
Lodge At Kingwood Ltd
Er Houston LLP
Special Warranty Deed
$24,000,000 · Bank Of America NA
—
—
Dpr Kingwood LLC
—
Deed Of Trust
related
$29,709,000 · Berkadia Com'l Mtg
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
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