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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Garden apartment buildings
1010 Jackson Ave 42 Pasadena, TX 77506-2657
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US83-3730658
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1958
Construction
FRAME
Total area
5,184 SF
Lot
1.06 ac (46,004 SF)
APN
710850000058
UPID
US83-3730658
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
-
Rio Sereno Apartments Apartment Building Apartment Complex
-
Cedar Bayou Apartments Apartment Building
-
Jackson Gardens Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
$815k
Comparable Approach
Comparable
$644k
Blend (final)
Blend
$645k
Owner & transaction history
Jackson Gardens LLC · 4 yrs held
Jackson Gardens LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$945,000
+102.9%
Restaurant
$705,000
+51.6%
Auto repair, garage
$655,000
+40.2%
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 Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasadena 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
$645,000
CAP Approach
CAP Return
Estimation
6%
$885,000
6.5%
$815,000
7%
$760,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$465,000
Current use
COMMERCIAL (GENERAL)
$945,000
Change: +103% · Conversion: Moderate
RESTAURANT
$705,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$655,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$540,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$124 / 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
$32,521
Tax year 2022
Assessed value
$2,291,850
Assessed 2024
Previous assessed
$2,860,757
-19.9% YoY
Effective rate
1.42%
On assessed value
Assessed land
$460,040
Assessed improvement
$1,831,810
Land market value
$460,040
Improvement market value
$1,831,810
Total market value
$2,291,850
Applied tax rate
21.0000
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
1958
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
6
Stories
2
Rooms
1
Bathrooms
1
Total area
5,184 SF
Lot
1.06 ac (46,004 SF)
APN
710850000058
UPID
US83-3730658
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
$465,000
COMMERCIAL (GENERAL)
Est. value
$945,000
RESTAURANT
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$655,000
RETAIL STORES
Est. value
$540,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1958
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
6
Rooms
1
Bathrooms
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Jackson Gardens LLC
Entity
Mailing address
1010 JACKSON AVE #42, PASADENA, TX 77506-2657
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
May 17, 2022
—
Jackson Gardens LLC
Three Pillars Cg3 LLC
Special Warranty Deed
$2,900,000 · Stormfield Capital Funding I LLC
Jan 15, 2020
—
Three Pillars Cg3 LLC
—
Deed
related
—
May 15, 2018
—
Three Pillars Cg3
Power Alliance LLC
Grant Deed
$1,884,000 · City Bk
May 1, 2015
—
Power Alliance LLC
Star Pacific Rio Sereno LLC
Grant Deed
$1,110,000 · Miscellaneous Ins Co
Nov 26, 2013
—
Star Pacific Rio Sereno LLC
Bad Properties LLC
Warranty Deed
$789,000 · Green Bank
Mar 6, 2006
—
Bad Properties LLC
Clark Place Apartments LLC
Warranty Deed
$640,000 · First National Bank
May 27, 2003
—
Clark Place Apartments LLC
Keevican,kevin J & Doris
Grant Deed
$567,000 · Wells Fargo Bank Texas NA
Aug 21, 2001
—
Keevican Investments LLC
Wanda J Fallin Trustee
Grant Deed
related
$532,000 · Wanda J Fallin Trustee
—
—
Three Pillars Cg3 LLC
—
Deed Of Trust
related
—
—
—
Bad Properties LLC
—
Deed Of Trust
related
$960,000 · Lasalle National Bank
—
—
Clark Place Apartments LLC
—
Deed Of Trust
related
$567,000 · Wells Fargo Bank Texas NA
—
—
Bad Properties LLC
—
Deed Of Trust
related
$115,500 · Us Small Business Admn
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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