New search
Property profile & analytics
OFF-MARKET
Garden apartment buildings
1239 Bay Area Blvd 174, Houston, TX 77058-2513
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2760554
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1976
Construction
BRICK
Total area
14,946 SF
Lot
5.08 ac (221,154 SF)
APN
962730000002
UPID
US82-2760554
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
-
Village South Apartments Apartment Building
-
The Park at Clear Lake Apartment Complex
-
Gasoline Gas Station
-
Ray Garage Doo'r Repair- Garage Spring & Opener Service Door Warehouse Garage Door Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Keener Park Cl LLC · 7 yrs held
Keener Park Cl LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$146,392
Tax year 2022
Assessed value
$9,859,984
Assessed 2024
Previous assessed
$13,885,538
-29.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$2,211,540
Assessed improvement
$7,648,444
Land market value
$2,211,540
Improvement market value
$7,648,444
Total market value
$9,859,984
Applied tax rate
27.0000
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
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
15
Stories
2
Rooms
1
Total area
14,946 SF
Lot
5.08 ac (221,154 SF)
APN
962730000002
UPID
US82-2760554
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
Building & site characteristics
From public records
Year built
1976
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
15
Rooms
1
Lot
5.08 ac
Current owner
From public records · entity-resolved
Keener Park Cl LLC
Entity
Mailing address
700 LOUISIANA ST STE #4250, HOUSTON, TX 77002-2765
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2021
—
Keener Park Cl LLC
—
Deed
related
$25,764 · Cbre Cap Markets
Apr 17, 2019
—
Keener Park Cl LLC
1239 Bay Area LP
Trustees Deed
$23,510,000 · Vmc Lender LLC
Jul 31, 2017
—
1239 Bay Area LP
—
Deed
related
$14,750,000 · Prudential Multifamily Mtg
Jun 19, 2015
—
1239 Bay Area LP
Clear Lake Village Apts LP
Grant Deed
related
—
Dec 6, 2006
—
Clear Lake Village Apts
Southern Cross Const Co INC
Grant Deed
$6,600,000 · Lasalle National Bank
—
—
Clear Lake Village Apts
—
Deed Of Trust
related
$412,500 · Lasalle National Bank
—
—
Clear Lake Village Apts LP
—
Deed Of Trust
related
$880,000 · Arbor Commercial Funding LLC
—
—
1239 Bay Area LP
—
Deed Of Trust
related
$14,750,000 · Prudential Multifamily Mtg
—
—
Keener Park Cl LLC
—
Deed Of Trust
related
$25,764 · Cbre Cap Markets
—
—
Clear Lake Village Apts LP
—
Deed Of Trust
related
$6,800,000 · Arbor Commercial Funding LLC
—
—
Clear Lake Village Apts
—
Deed Of Trust
related
$6,300,000 · First Bank & Trust Co Illinois
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 1239 Bay Area Blvd, Unit 174?
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.
