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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Garden apartment buildings
11150 Beamer Rd 328 Houston, TX 77089-2336
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-0278330
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1982
Construction
BRICK
Total area
11,200 SF
Lot
10.75 ac (468,135 SF)
APN
450410000127
UPID
US82-0278330
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
-
Beamer Place Apartments Apartment Building Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.21M
Owner & transaction history
Geneva Bpax Xxv LLC · 17 yrs held
Geneva Bpax Xxv LLC
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+158.7%
Restaurant
$1.1M
+55.4%
Auto repair, garage
$1.0M
+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
COMMERCIAL (GENERAL)
$1,810,000
Change: +159% · Conversion: Moderate
RESTAURANT
$1,090,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,045,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$780,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±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
$108 / 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
$122,995
Tax year 2022
Assessed value
$15,681,350
Assessed 2024
Previous assessed
$20,785,053
-24.6% YoY
Effective rate
0.78%
On assessed value
Assessed land
$2,340,675
Assessed improvement
$13,340,675
Land market value
$2,340,675
Improvement market value
$13,340,675
Total market value
$15,681,350
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
1982
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
21
Stories
2
Rooms
2
Bathrooms
1
Total area
11,200 SF
Lot
10.75 ac (468,135 SF)
APN
450410000127
UPID
US82-0278330
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
$1.8M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$780,000
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE 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
1982
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
21
Rooms
2
Bathrooms
1
Lot
10.75 ac
Current owner
From public records · entity-resolved
Geneva Bpax Xxv LLC
Entity
Free & Clear · 17 yrs held
Mailing address
9801 FONDREN RD, HOUSTON, TX 77096-3609
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
Sep 8, 2008
—
Geneva Bpax Xxv LLC
Geneva Multi-family Exchange V
Quit Claim Deed
related
—
Aug 4, 2008
—
Geneva Bpax Xxiv LLC
Geneva Multi-family Exchange V
Quit Claim Deed
related
—
Jul 22, 2008
—
Geneva Bpax Xxiii LLC
Geneva Multi-family Exchange V
Quit Claim Deed
related
—
Jul 21, 2008
—
Geneva Bpax Xxii LLC
Geneva Multi-family Exchange V
Quit Claim Deed
related
—
Jun 11, 2008
—
Geneva Bpax Xx LLC
Geneva Multi-family Exchange V
Quit Claim Deed
related
—
Jun 6, 2008
—
Geneva Bpax Xviii LLC
Geneva Multi-family Exchange V
Quit Claim Deed
related
—
May 29, 2008
—
Geneva Bpax Xvi LLC
Geneva Multi-family Exchange V
Quit Claim Deed
related
—
May 22, 2008
—
Geneva Multi-family Exchange V
Geneva Bpax Xiv LLC
Quit Claim Deed
related
—
Apr 30, 2008
—
Geneva Bpax Viii LLC
Geneva Multi-family Exchange V
Quit Claim Deed
related
—
Feb 14, 2008
—
Geneva Bpax Vii LLC
Geneva Multi-family Exchange V
Quit Claim Deed
related
—
Feb 13, 2008
—
Geneva Bpax Vi LLC
Geneva Multi-family Exchange V
Quit Claim Deed
related
—
Jan 24, 2008
—
Bpax II LLC
Geneva Multi-family Exchange V
Grant Deed
related
—
May 16, 2007
—
Multi-fam Exchange Vi L Geneva
Nbmj Associates
Grant Deed
$13,027,000 · Prudential Mortgage Capital Co
—
—
Beamer Place Apartments Ltd
—
Deed Of Trust
related
$8,300,000 · Barclays Bank Plc
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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