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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Garden apartment buildings
1022 Witter St 26 Pasadena, TX 77506-4733
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-2561982
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1959
Construction
FRAME
Total area
21,352 SF
Lot
0.63 ac (27,499 SF)
APN
650330000164
UPID
US83-2561982
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
-
Gayle Villa Apartments Apartment Building
-
Ambit Energy - Independent Consultant Electric Utility Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$991k
Blend (final)
Blend
$770k
Owner & transaction history
Jmmc Interests LLC · 6 yrs held
Jmmc Interests LLC
since 2020
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$770k
Range $693k – $847k · ±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
$36 / 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
$17,399
Tax year 2022
Assessed value
$1,540,786
Assessed 2024
Previous assessed
$1,530,519
+0.7% YoY
Effective rate
1.13%
On assessed value
Assessed land
$275,000
Assessed improvement
$1,265,786
Land market value
$275,000
Improvement market value
$1,265,786
Total market value
$1,540,786
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
1959
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
2
Rooms
1
Bathrooms
3
Total area
21,352 SF
Lot
0.63 ac (27,499 SF)
APN
650330000164
UPID
US83-2561982
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
Building & site characteristics
From public records
Year built
1959
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Rooms
1
Bathrooms
3
Lot
0.63 ac
Current owner
From public records · entity-resolved
Jmmc Interests LLC
Entity
Free & Clear · 6 yrs held
Mailing address
134 N HERITAGE ML CIR, TOMBALL, TX 77375-4975
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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 16, 2020
—
Jmmc Interests LLC
Russ & Co R/e Invs LLC
Warranty Deed
related
—
Aug 7, 2017
—
Russ & Co Real Estate Inv LLC
Baigen Investments LLC
Warranty Deed
$937,500 · Allegiance Bk
Oct 31, 2014
—
Baigen Invesments LLC
Isaisa N Cantu
Venders Lien
$592,500 · Wells Fargo Bank NA
Oct 4, 2011
—
Isaias N Cantu
Witter LLC
Warranty Deed
$393,750 · Wells Fargo Bank
Sep 20, 2005
—
Witter LLC
Goebel Properties
Warranty Deed
$504,000 · Lasalle National Bank
Dec 3, 2004
—
Jas M Properties LLC
Gupton,ray M III
Warranty Deed
$290,000 · First Choice 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.
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