Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$325,000
Garden apartment buildings
1426 Woodfair Dr Richmond, TX 77406-6610
Individually Owned
10-yr Hold
Property ID
US83-3017565
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1989
Total area
704 SF
Lot
0.26 ac (11,197 SF)
Zoning code
J
APN
5740-07-002-0220-907
UPID
US83-3017565
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
-
Surface Doctor Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$325k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$325k
Owner & transaction history
William F Schmidt III · 10 yrs held
William F Schmidt III
since 2016
7 recorded transactions
Zoning & alternative use
J · Richmond, TX
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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
$325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$325k
Range $293k – $358k · ±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
$462 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,787
Tax year 2023
Assessed value
$549,301
Assessed 2024
Previous assessed
$505,538
+8.7% YoY
Effective rate
1.05%
On assessed value
Assessed land
$91,715
Assessed improvement
$457,586
Land market value
$91,715
Improvement market value
$457,586
Total market value
$549,301
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
1989
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Bathrooms
3
Total area
704 SF
Lot
0.26 ac (11,197 SF)
Zoning code
J
APN
5740-07-002-0220-907
UPID
US83-3017565
Jurisdiction
FORT BEND
Zoning & alternative use
J · Richmond, TXZoning J · permitted uses
J · Richmond, TX
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
1989
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
3
Lot
0.26 ac
Current owner
From public records · entity-resolved
William F Schmidt III
Individual
Mailing address
1426 WOODFAIR DR, RICHMOND, TX 77406-6610
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2020
—
Willam F Schmidt III
—
Deed
related
$366,811 · Nations Reliable Lending LLC
Feb 29, 2016
—
William F Schmidt III
Candice P Horsley
Venders Lien
$391,400 · Wells Fargo Bank NA
May 29, 2009
—
Candice P Horsley
Aurora Loan Services LLC
Grant Deed
$98,300 · Hmc-home Mortgages Co
Dec 15, 2008
$227,494
Aurora Ln Svcs LLC
Carroll Lee
Trustees Deed
related
—
Jul 13, 2007
—
Kelvanita S Fortson
Folckemer,william H JR & Claudia E
Warranty Deed
$275,000 · American Brokers Conduit
Jul 19, 2002
—
William H Folckemer
—
Trustees Deed
related
$109,491 · Bank Of America
Jan 3, 2001
—
William H Folckemer
—
Trustees Deed
related
$58,516 · Bank Of America
—
—
W H Folckemer
—
Deed Of Trust
related
$60,000 · Folchemer Trust
—
—
William H Folckemer
—
Deed Of Trust
related
$193,900 · Bank Of America
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 1426 Woodfair Dr?
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.
