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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Garden apartment buildings
1000 Northwood Dr 88 Baytown, TX 77521-3857
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-4122938
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1971
Construction
FRAME
Total area
7,266 SF
Lot
3.79 ac (165,092 SF)
APN
451440020028
UPID
US83-4122938
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
$750k
CAP Approach
CAP
$740k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$745k
Owner & transaction history
Arcturus General Contractors I · 8 yrs held
Arcturus General Contractors I
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+158.2%
Industrial (general)
$870,000
+113.7%
Medical building
$735,000
+80.8%
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 Baytown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Baytown 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
$750,000
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$740,000
7%
$690,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,050,000
Change: +158% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$870,000
Change: +114% · Conversion: Difficult
MEDICAL BUILDING
$735,000
Change: +81% · Conversion: Moderate
RESTAURANT
$550,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$103 / 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
$33,457
Tax year 2022
Assessed value
$5,770,667
Assessed 2024
Previous assessed
$6,252,601
-7.7% YoY
Effective rate
0.58%
On assessed value
Assessed land
$660,368
Assessed improvement
$5,110,299
Land market value
$660,368
Improvement market value
$5,110,299
Total market value
$5,770,667
Applied tax rate
16.0000
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
1971
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
12
Stories
2
Rooms
1
Bathrooms
1
Total area
7,266 SF
Lot
3.79 ac (165,092 SF)
APN
451440020028
UPID
US83-4122938
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
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$870,000
MEDICAL BUILDING
Est. value
$735,000
RESTAURANT
Est. value
$550,000
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
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
1971
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
12
Rooms
1
Bathrooms
1
Lot
3.79 ac
Current owner
From public records · entity-resolved
Arcturus General Contractors I
Individual
Mailing address
2205 AVE I STE #117, ROSENBERG, TX 77471-2651
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2018
—
Arcturus General Contractors I
Baytown Palms LLC
Grant Deed
related
$3,200,000 · Saral Capital II LLC
May 10, 2017
—
Baytown Palms LLC
Baytown Apartment Group LLC
Quit Claim Deed
related
$2,000,000 · Homebank Texas
Mar 19, 2012
—
Baytown Apartment Group LLC
Redonda Holdings LLC
Grant Deed
related
—
Jul 10, 2009
$1,850,000
Christina Nebhnani
Pop,isof & Georgeta
Grant Deed
—
Jan 21, 2005
—
Iosif Pop
Buwalda Property Investments Lc
Venders Lien
$1,170,000 · Imperial Capital Bank
Dec 31, 1997
—
Buwalda Property Investment Lc
Buwalda,don & Linda A
Quit Claim Deed
related
$1,100,000 · Column Financial INC
—
—
Baytown Apartment Group LLC
—
Deed Of Trust
related
$3,338,000 · Wells Fargo Bank
—
—
Baytown Apartment Group LLC
—
Loan Modification
related
$750,000 · Wells Fargo Bk
—
—
Georgeta Pop
—
Deed Of Trust
related
$52,323 · Retax Funding LP
—
—
Baytown Apartment Group LLC
—
Deed Of Trust
related
$2,875,000 · Wells Fargo Bank
—
—
Georgeta Pop
—
Deed Of Trust
related
$50,564 · Retax Funding LP
—
—
Baytown Apartment Group LLC
—
Deed Of Trust
related
$750,000 · Wells Fargo Bk/tx
—
—
Baytown Apartment Group LLC
—
Deed Of Trust
related
$2,012,799 · Wells Fargo Bank
—
—
Georgeta Pop
—
Deed Of Trust
related
$48,114 · Retax Funding LP
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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