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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Garden apartment buildings
1305 Memorial Dr 44 Baytown, TX 77520-2422
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0354031
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1965
Construction
BRICK
Total area
23,054 SF
Lot
1.42 ac (61,716 SF)
APN
451440030064
UPID
US82-0354031
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
-
1305 Memorial Apartments Apartment Building Apartment Complex
-
Baytown Videographer - Video Production Company Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.36M
Owner & transaction history
1305 Memorial Holdings LLC · 7 yrs held
1305 Memorial Holdings LLC
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.2M
+29.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,665,000
Current use
OFFICE BUILDING
$2,150,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±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
$59 / 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
$17,571
Tax year 2022
Assessed value
$2,966,228
Assessed 2024
Previous assessed
$3,283,800
-9.7% YoY
Effective rate
0.59%
On assessed value
Assessed land
$308,585
Assessed improvement
$2,657,643
Land market value
$308,585
Improvement market value
$2,657,643
Total market value
$2,966,228
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
1965
Construction
BRICK
Heating
FORCED AIR
Buildings
2
Stories
2
Rooms
1
Bathrooms
1
Total area
23,054 SF
Lot
1.42 ac (61,716 SF)
APN
451440030064
UPID
US82-0354031
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
$1.7M
OFFICE BUILDING
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS) Current
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
1965
Construction
BRICK
Heating
FORCED AIR
Stories
2
Buildings
2
Rooms
1
Bathrooms
1
Lot
1.42 ac
Current owner
From public records · entity-resolved
1305 Memorial Holdings LLC
Entity
Mailing address
6102 ASHFORD FLS LN, SUGAR LAND, TX 77479-3610
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Dec 31, 2018
—
1305 Memorial Holdings LLC
Jpo Holding Co LLC
Warranty Deed
related
$1,940,000 · Us Bk NA Series 2017-sb41 (ce)
Jun 27, 2017
—
Jpo Holding Co LLC
—
Deed
related
$1,940,000 · Sabal Capital II LLC Sabal Capital II LLC
Oct 30, 2015
—
Jpo Holding Co LLC
Ran Pan Holdings LLC
Venders Lien
$1,295,000 · Arbor Commercial Funding LLC
Aug 28, 2007
—
Ran-pan Holdings LLC
Graywood Holdings LLC
Grant Deed
related
$1,160,000 · Royal Bank Of Canada
Nov 23, 2005
—
Graywood Holdings LLC
Cynthia Jenkins Investments LLC
Warranty Deed
$888,000 · Impac Multifamily Capital Corp
—
—
Jpo Holding Co LLC
—
Deed Of Trust
related
$1,940,000 · Sabal Capital II LLC Sabal Capital II LLC
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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