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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Garden apartment buildings
1120 Red Blf Rd 122 Pasadena, TX 77506-2537
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-4080863
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1965
Construction
BRICK
Total area
10,296 SF
Lot
4.27 ac (185,827 SF)
APN
410340030050
UPID
US83-4080863
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
-
Camino Del Sol Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
$1.62M
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.21M
Owner & transaction history
Camino Houston Gj LLC · 4 yrs held
Camino Houston Gj LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+102.9%
Restaurant
$1.4M
+51.6%
Auto repair, garage
$1.3M
+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
$730,000
CAP Approach
CAP Return
Estimation
6%
$1,755,000
6.5%
$1,620,000
7%
$1,505,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$925,000
Current use
COMMERCIAL (GENERAL)
$1,880,000
Change: +103% · Conversion: Moderate
RESTAURANT
$1,405,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,300,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$1,075,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$750,000
Change: -19% · 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
$118 / 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
$105,981
Tax year 2022
Assessed value
$7,480,684
Assessed 2024
Previous assessed
$9,322,786
-19.8% YoY
Effective rate
1.42%
On assessed value
Assessed land
$743,308
Assessed improvement
$6,737,376
Land market value
$743,308
Improvement market value
$6,737,376
Total market value
$7,480,684
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
1965
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
15
Stories
2
Rooms
3
Bathrooms
1
Total area
10,296 SF
Lot
4.27 ac (185,827 SF)
APN
410340030050
UPID
US83-4080863
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
$925,000
COMMERCIAL (GENERAL)
Est. value
$1.9M
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$750,000
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
1965
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
15
Rooms
3
Bathrooms
1
Lot
4.27 ac
Current owner
From public records · entity-resolved
Camino Houston Gj LLC
Entity
Mailing address
8 GREENWAY PLZ STE #800, HOUSTON, TX 77046-1204
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2021
—
Camino Houston Gj LLC
Tpcg Mf7 LLC
Special Warranty Deed
$11,000,000 · Bellco Cu
Jul 22, 2019
—
Tpcg Me 7 LLC
Ge 4507 LLC
Grant Deed
related
—
Jan 4, 2019
$46,976
City Of Pasadena
Mcdonalds Real Estate Co
Warranty Deed
—
May 6, 2016
—
Ge 4507 LLC
—
Deed
related
$4,424,000 · Cbre Cap Markets
Nov 27, 2013
—
Ge 4507 LLC
1120 Red Bluff LLC
Grant Deed
$1,980,000 · Commercial State Bank
Dec 7, 2010
$1,447,500
City Natl Bk
Adesina,oreoluwatola O
Trustees Deed
related
—
Jun 22, 2007
—
Hm Unified LLC
Dinh Realty Group LLC
Grant Deed
$2,925,000 · Imperial Capital Bank
—
—
Ge 4507 LLC
—
Deed Of Trust
related
$3,600,000 · Icon Bk/tx NA
—
—
1120 Red Bluff LLC
—
Deed Of Trust
related
$600,000 · Wells Fargo Bank
—
—
Ge 4507 LLC
—
Deed Of Trust
related
$4,424,000 · Cbre Cap Markets
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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