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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Garden apartment buildings
14415 Alderson St 60 Houston, TX 77015-3150
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-4039380
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1972
Construction
BRICK
Total area
13,500 SF
Lot
2.38 ac (103,529 SF)
APN
650700960003
UPID
US83-4039380
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
-
Spanish Villa Apartments Housing Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.54M
Owner & transaction history
Pnps LLC · 11 yrs held
Pnps LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+105.4%
Auto repair, garage
$1.6M
+30.5%
Restaurant
$1.3M
+5.4%
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)
$1,210,000
Current use
COMMERCIAL (GENERAL)
$2,490,000
Change: +105% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,580,000
Change: +30% · Conversion: Difficult
RESTAURANT
$1,275,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$975,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±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
$114 / 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
$40,136
Tax year 2022
Assessed value
$4,046,544
Assessed 2024
Previous assessed
$5,272,145
-23.2% YoY
Effective rate
0.99%
On assessed value
Assessed land
$621,180
Assessed improvement
$3,425,364
Land market value
$621,180
Improvement market value
$3,425,364
Total market value
$4,046,544
Applied tax rate
15.0000
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
1972
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
2
Rooms
3
Bathrooms
1
Total area
13,500 SF
Lot
2.38 ac (103,529 SF)
APN
650700960003
UPID
US83-4039380
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
$1.2M
COMMERCIAL (GENERAL)
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RESTAURANT
Est. value
$1.3M
RETAIL STORES
Est. value
$975,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
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
1972
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
6
Rooms
3
Bathrooms
1
Lot
2.38 ac
Current owner
From public records · entity-resolved
Pnps LLC
Entity
Mailing address
3801 FOX ST, HOUSTON, TX 77003-1361
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2017
—
Pnps LLC
—
Deed
related
$2,760,000 · Cbre Cap Markets
May 23, 2016
—
Pnps LLC
—
Deed
related
$1,230,000 · Premier America FCU
Oct 16, 2014
—
Pnps LLC
Alderson LLC
Grant Deed
$1,670,000 · Salhotra Partners LP
May 21, 2012
—
Alderson LLC
Lockheed FCU
Grant Deed
related
—
May 10, 2010
$1,200,000
Lockheed FCU
Kesler Rex
Trustees Deed
related
—
Aug 11, 2006
—
Michael Marrelli
Manzini LLC
Warranty Deed
$1,384,000 · Lockheed FCU
Aug 9, 2004
—
Manzini LLC
Osakwe,cecil
Warranty Deed
related
—
Jul 14, 1997
—
12416 East Freeway Ltd
Adams,h R & Simon S
Grant Deed
$400,000 · Woodforest National Bank
—
—
Pnps LLC
—
Deed Of Trust
related
$1,250,000 · Prosperity Bk
—
—
12416 East Freeway Ltd
—
Deed Of Trust
related
$191,000 · Woodforest National Bank
—
—
Pnps LLC
—
Deed Of Trust
related
$1,230,000 · Premier America FCU
—
—
Pnps LLC
—
Deed Of Trust
related
$2,760,000 · Cbre Cap Markets
—
—
Pnps LLC
—
Deed Of Trust
related
$2,760,000 · Cbre Cap Markets
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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