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Property profile & analytics
OFF-MARKET
Estimated value
$15,230,000
High-rise multifamily apartments
10300 Katy Fwy 326 Houston, TX 77043-5132
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-9657897
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2014
Construction
FRAME
Total area
189,239 SF
Lot
4.33 ac (188,484 SF)
APN
1344890010001
UPID
US82-9657897
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
-
Choice General Contractor Construction Company General Contractor
-
DoRevenue Marketing & Advertising Advertising Agency
-
District at Memorial Apartment Building Apartment Complex
-
Yohuny's Place Apartment Building
-
Texas Drone Services Marketing & Advertising Photography Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.84M
Blend (final)
Blend
$15.23M
Owner & transaction history
Simpson Kaplan District Of Mem Ll · 8 yrs held
Simpson Kaplan District Of Mem Ll
since 2017
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$21.0M
+77.2%
Restaurant
$19.1M
+61.7%
Auto repair, garage
$17.7M
+49.3%
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 Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Houston 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$11,830,000
Current use
COMMERCIAL (GENERAL)
$20,960,000
Change: +77% · Conversion: Moderate
RESTAURANT
$19,130,000
Change: +62% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,660,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$13,955,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$12,075,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$15.23M
Range $13.71M – $16.75M · ±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
$80 / 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
$605,071
Tax year 2022
Assessed value
$54,549,880
Assessed 2024
Previous assessed
$57,391,908
-5.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$11,309,040
Assessed improvement
$43,240,840
Land market value
$11,309,040
Improvement market value
$43,240,840
Total market value
$54,549,880
Applied tax rate
25.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2014
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
5
Total area
189,239 SF
Lot
4.33 ac (188,484 SF)
APN
1344890010001
UPID
US82-9657897
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
$11.8M
COMMERCIAL (GENERAL)
Est. value
$21.0M
RESTAURANT
Est. value
$19.1M
AUTO REPAIR, GARAGE
Est. value
$17.7M
RETAIL STORES
Est. value
$14.0M
MEDICAL BUILDING
Est. value
$12.1M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
2014
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
5
Buildings
4
Lot
4.33 ac
Current owner
From public records · entity-resolved
Simpson Kaplan District Of Mem Ll
Individual
Mailing address
520 POST OAK BLVD STE #370, HOUSTON, TX 77027-9405
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2017
—
Simpson Kaplan District Of Mem Ll
—
Grant Deed
related
$34,900,000 · Tbk Bk Ssb
—
—
Simpson Kaplan District Of Mem Ll
—
Loan Modification
related
$35,576,584 · Regions 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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