Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,760,000
Garden apartment buildings
9387 Fm 1960th Byp W Rd 229 Humble, TX 77338-4477
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-9163944
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2018
Construction
METAL FRAME
Total area
29,631 SF
Lot
10.99 ac (478,585 SF)
APN
1324640010002
UPID
US82-9163944
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
$3.02M
Comparable Approach
Comparable
$2.49M
Blend (final)
Blend
$2.76M
Owner & transaction history
Willowbend Apartments Phase II LLC · 1 yrs held
Willowbend Apartments Phase II LLC
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+18.8%
Auto repair, garage
$2.4M
+8.2%
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 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%
$3,275,000
6.5%
$3,020,000
7%
$2,805,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,175,000
Current use
RESTAURANT
$2,585,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,355,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$2.76M
Range $2.48M – $3.04M · ±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
$93 / 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
$269,127
Tax year 2022
Assessed value
$33,073,024
Assessed 2024
Previous assessed
$35,043,403
-5.6% YoY
Effective rate
0.81%
On assessed value
Assessed land
$3,350,095
Assessed improvement
$29,722,929
Land market value
$3,350,095
Improvement market value
$29,722,929
Total market value
$33,073,024
Applied tax rate
9.0000
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
2018
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
11
Stories
3
Total area
29,631 SF
Lot
10.99 ac (478,585 SF)
APN
1324640010002
UPID
US82-9163944
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
$2.2M
RESTAURANT
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
2018
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
11
Lot
10.99 ac
Current owner
From public records · entity-resolved
Willowbend Apartments Phase II LLC
Entity
Free & Clear · 1 yrs held
Mailing address
9831 WHITHORN DR, HOUSTON, TX 77095-5027
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
May 27, 2025
—
Willowbend Apartments Phase II LLC
Willowbend Fm 1960 Ltd
Warranty Deed
—
Mar 24, 2015
—
Willowbend Apartments I Ltd
Fm 1960 Land Holdings Ltd
Grant Deed
$22,403,100 · Davis Penn Mtg
Mar 3, 2015
—
Scott|lawlis James Mitchell
Willowbend Group LLC
Grant Deed
related
—
—
—
Willowbend Group LLC
—
Deed Of Trust
related
$123,499 · 5 P Dev Co LLC
—
—
Fm 1960 Land Holdings Ltd
—
Deed Of Trust
related
$878,300 · Newfirst Nat'l Bk
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?”
You own 9387 Fm 1960th Byp W Rd, Unit 229?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
