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Property profile & analytics
OFF-MARKET
Estimated value
$1,535,000
Garden apartment buildings
9494 Humble Westfield Rd 360 Humble, TX 77338-5247
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US82-4706663
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2006
Construction
WOOD FRAME
Total area
16,506 SF
Lot
19.41 ac (845,500 SF)
APN
1281280010001
UPID
US82-4706663
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
-
Houston-Virgin Islands Association Charitable Organization Social Service Agency
-
The Henry at Deerbrook Apartment Building
-
Bellaterra at Deerbrook Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.69M
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.54M
Owner & transaction history
Prcp-humble LP · 13 yrs held
Prcp-humble LP
since 2013
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+18.8%
Auto repair, garage
$1.3M
+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%
$1,825,000
6.5%
$1,685,000
7%
$1,565,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,215,000
Current use
RESTAURANT
$1,440,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,315,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$1.54M
Range $1.38M – $1.69M · ±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
$533,199
Tax year 2022
Assessed value
$40,903,967
Assessed 2024
Previous assessed
$45,891,022
-10.9% YoY
Effective rate
1.30%
On assessed value
Assessed land
$5,269,075
Assessed improvement
$35,634,892
Land market value
$5,269,075
Improvement market value
$35,634,892
Total market value
$40,903,967
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
2006
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
31
Stories
3
Total area
16,506 SF
Lot
19.41 ac (845,500 SF)
APN
1281280010001
UPID
US82-4706663
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
$1.2M
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
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
2006
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
31
Lot
19.41 ac
Current owner
From public records · entity-resolved
Prcp-humble LP
Entity
Mailing address
PO BOX 100844, FORT WORTH, TX 76185-0844
Ownership since
2013
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 16, 2013
—
Prcp-humble LP
Href III Of Iri Deerbrook LLC
Grant Deed
$23,350,000 · W & D Interim Lender II LLC
Sep 30, 2011
—
Href III Of Iri Deerbrook LLC
—
Deed Of Trust
related
$22,677,500 · General Electric Capital Corp
Jun 9, 2008
—
Href III Of Iri Deerbrook LLC
Deerbrook Apartments
Quit Claim Deed
related
$22,677,500 · General Electric Capital Corp
—
—
Prcp-humble LP
—
Deed Of Trust
related
$24,422,000 · Walker & Dunlop
—
—
Prcp-humble LP
—
Deed Of Trust
related
$24,422,000 · Walker & Dunlop
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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