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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Garden apartment buildings
1200 Carolyn Ct 24 Humble, TX 77338-8071
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-0187982
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1965
Construction
BRICK
Total area
6,916 SF
Lot
0.55 ac (23,801 SF)
APN
431500120028
UPID
US82-0187982
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$582k
Blend (final)
Blend
$565k
Owner & transaction history
1200 Carolyn Court LLC · 5 yrs held
1200 Carolyn Court LLC
since 2020
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$605,000
+18.8%
Auto repair, garage
$550,000
+8.2%
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 Humble submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Humble 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
$405,000
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$510,000
Current use
RESTAURANT
$605,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$550,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$82 / 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
$15,438
Tax year 2022
Assessed value
$1,450,600
Assessed 2024
Previous assessed
$1,738,430
-16.6% YoY
Effective rate
1.06%
On assessed value
Assessed land
$119,000
Assessed improvement
$1,331,600
Land market value
$119,000
Improvement market value
$1,331,600
Total market value
$1,450,600
Applied tax rate
18.0000
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
OTHER
Buildings
3
Stories
2
Rooms
1
Bathrooms
1
Total area
6,916 SF
Lot
0.55 ac (23,801 SF)
APN
431500120028
UPID
US82-0187982
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
$510,000
RESTAURANT
Est. value
$605,000
AUTO REPAIR, GARAGE
Est. value
$550,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
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
3
Rooms
1
Bathrooms
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
1200 Carolyn Court LLC
Entity
Free & Clear · 5 yrs held
Mailing address
9434 THURBER RDG DR, SPRING, TX 77379-2618
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
Aug 1, 2025
—
Aeh Carolyn Court LLC
—
Deed
related
$1,425,000 · Velocity Commercial Capital LLC
Dec 31, 2020
—
1200 Carolyn Court LLC
Good-day Equity LLC
Grant Deed
related
—
Dec 27, 2016
—
Good-day Equity LLC
Triumph Carolyn Court LLC
Grant Deed
related
$1,000,000 · Sabal Capital II LLC
May 2, 2014
—
Triumph Carolyn Court LLC
Talon Investment Props LLC
Grant Deed
$690,000 · Green Bk
Mar 21, 2007
—
Talon Investment Props LLC
Hg Ventures LLC
Grant Deed
$457,000 · Imperial Capital Bank
Aug 8, 2000
—
G-j Curtis Properties LLC
Hermiz,george E & Violet D
Grant Deed
$328,000 · Abn Amro Mortgage Group INC
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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