Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Garden apartment buildings
1200 Northwood Dr 229 Baytown, TX 77521-3928
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-2532712
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1976
Construction
FRAME
Total area
10,636 SF
Lot
10.77 ac (469,024 SF)
APN
451440020572
UPID
US83-2532712
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
-
Rosadisfahon (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$765k
Blend (final)
Blend
$815k
Owner & transaction history
Fercan E Kalkan · 9 yrs held
Fercan E Kalkan
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.3M
+113.7%
Medical building
$1.1M
+80.8%
Restaurant
$805,000
+35.5%
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 Baytown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Baytown 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
$590,000
CAP Approach
CAP Return
Estimation
6%
$1,175,000
6.5%
$1,085,000
7%
$1,005,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$595,000
Current use
INDUSTRIAL (GENERAL)
$1,270,000
Change: +114% · Conversion: Difficult
MEDICAL BUILDING
$1,075,000
Change: +81% · Conversion: Moderate
RESTAURANT
$805,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$645,000
Change: +8% · Conversion: Moderate
WAREHOUSE, STORAGE
$605,000
Change: +1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$600,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$815k
Range $734k – $897k · ±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
$77 / 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
$61,868
Tax year 2022
Assessed value
$11,517,867
Assessed 2024
Previous assessed
$11,562,144
-0.4% YoY
Effective rate
0.54%
On assessed value
Assessed land
$1,876,108
Assessed improvement
$9,641,759
Land market value
$1,876,108
Improvement market value
$9,641,759
Total market value
$11,517,867
Applied tax rate
16.0000
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
1976
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
26
Stories
2
Rooms
1
Bathrooms
1
Total area
10,636 SF
Lot
10.77 ac (469,024 SF)
APN
451440020572
UPID
US83-2532712
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
$595,000
INDUSTRIAL (GENERAL)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$805,000
OFFICE BUILDING
Est. value
$645,000
WAREHOUSE, STORAGE
Est. value
$605,000
AUTO REPAIR, GARAGE
Est. value
$600,000
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1976
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
26
Rooms
1
Bathrooms
1
Lot
10.77 ac
Current owner
From public records · entity-resolved
Fercan E Kalkan
Individual
Mailing address
2205 AVE I STE #117, ROSENBERG, TX 77471-2651
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Aug 8, 2016
—
Fercan E Kalkan
Global Investment Props LLC
Trustees Deed
$6,525,000 · Commerce Nat'l Bk
Jun 10, 2010
—
Alejandro Mongalo
—
Trustees Deed
related
$299,761 · Grand Pacific Financing Corp
Dec 31, 2009
—
Alejandro Mongalo
—
Trustees Deed
related
$248,548 · Grand Pacific Financing Corp
Nov 14, 2008
—
Laguna Azul Apartments LLC
Mongalo,alejandro & Alicia
Warranty Deed
$2,330,000 · Grand Pacific Financing Corp
Apr 3, 2008
—
Alejandro Mongalo
Pinecone Estates LLC
Grant Deed
$2,630,000 · Grand Pacific Financing Corp
Feb 5, 2008
$6,000,000
Pinecone Estates LLC
Browder,benjamin P
Trustees Deed
—
Dec 22, 2006
—
Ish LLC
Diamond Property Group LLC
Grant Deed
$6,000,000 · Grand Pacific Fin
—
—
Aptla LLC
—
Deed Of Trust
related
$2,700,000 · Donald L Poarch INC
—
—
Heritage Baytown Props LLC
—
Deed Of Trust
related
$3,600,000 · Wells Fargo Bank
—
—
Alejandro Mongalo
—
Deed Of Trust
related
$298,421 · Grand Pacific Financing Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1200 Northwood Dr, Unit 229?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
