Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Garden apartment buildings
13355 Northborough Dr 144 Houston, TX 77067-1700
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-7395698
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1985
Construction
FRAME
Total area
15,442 SF
Lot
5.06 ac (220,283 SF)
APN
1168460000001
UPID
US82-7395698
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
-
Kalkan Capital Real Estate Agency
-
Victor painting service Painting
-
Canfield Lakes Apartments Apartment Complex
-
Thicket Apartments Apartment Building
-
ZestPacific Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.55M
Owner & transaction history
Canfield Lakes LLC · 8 yrs held
Canfield Lakes LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+158.7%
Restaurant
$1.6M
+61.7%
Auto repair, garage
$1.4M
+49.3%
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
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)
$965,000
Current use
COMMERCIAL (GENERAL)
$2,500,000
Change: +159% · Conversion: Moderate
RESTAURANT
$1,560,000
Change: +62% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,440,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$1,075,000
Change: +11% · Conversion: Moderate
MEDICAL BUILDING
$985,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±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
$100 / 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
$97,574
Tax year 2022
Assessed value
$7,302,706
Assessed 2024
Previous assessed
$8,397,948
-13.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$991,274
Assessed improvement
$6,311,432
Land market value
$991,274
Improvement market value
$6,311,432
Total market value
$7,302,706
Applied tax rate
24.0000
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
1985
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Stories
3
Rooms
1
Bathrooms
1
Total area
15,442 SF
Lot
5.06 ac (220,283 SF)
APN
1168460000001
UPID
US82-7395698
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
$965,000
COMMERCIAL (GENERAL)
Est. value
$2.5M
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$985,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1985
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
7
Rooms
1
Bathrooms
1
Lot
5.06 ac
Current owner
From public records · entity-resolved
Canfield Lakes LLC
Entity
Mailing address
143 MNR LK ESTS DR, SPRING, TX 77379-3722
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2025
—
Tc Spe 3 LLC
—
Deed
related
$10,000,000 · Cache Valley Bank
Sep 18, 2020
—
Canfield Lakes LLC
—
Deed Of Trust
related
$300,000 · Mazaca Investments INC
Nov 29, 2017
—
Canfield Lakes LLC
Canfield Lakes Inv Holdings
Quit Claim Deed
related
$20,000,000 · Ladder Cap Fin
Oct 20, 2017
—
Canfield Lakes Inv Holdings Lt
—
Grant Deed
related
$3,100,000 · Amir A Premji
Sep 21, 2012
—
Canfield Lakes Inv Holdings Lt
Crp Of Tbg Canfield LP
Quit Claim Deed
related
$6,112,500 · Mercantil Commercebank
—
—
Crp Of Tbg Canfield
—
Deed Of Trust
related
—
—
—
Lakes Inv Holdings Lt Canfield
—
Deed Of Trust
related
$2,500,000 · Amir A Premji
—
—
Crp Of Tbg Canfield
—
Deed Of Trust
related
$11,610 · Capmark Bank
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 13355 Northborough Dr, Unit 144?
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.
