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Property profile & analytics
FOR LEASE
High-rise multifamily apartments
15 N Chenevert St 100 Houston, TX 77002
Entity Owned
15-yr Hold
Free & Clear
Property ID
US83-3741452
For Lease
1 / 46
$4,500/Mo
15 N Chenevert St,Unit 100, Houston, TX 77002
View Listing →
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1910
Construction
BRICK
Total area
89,050 SF
Lot
1.06 ac (45,999 SF)
APN
1307910010002
UPID
US83-3741452
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
-
City View Lofts Real Estate Agency
-
Contemporary Concierge Dog Walker General Contractor
-
1 On 1 Art Art Gallery
-
Shineon Boudoir Photography Photography Service (Bike/Boat/Book/etc) Store
-
SHINEon Beauty Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$671k
Blend (final)
Blend
$575k
Owner & transaction history
City Lofts LLC · 15 yrs held
City Lofts LLC
since 2010
6 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
Method
Estimation
Statistic approach
by Request
ML approach
$475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$6 / 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
$226,738
Tax year 2022
Assessed value
$11,318,742
Assessed 2024
Previous assessed
$12,764,919
-11.3% YoY
Effective rate
2.00%
On assessed value
Assessed land
$6,899,850
Assessed improvement
$4,418,892
Land market value
$6,899,850
Improvement market value
$4,418,892
Total market value
$11,318,742
Applied tax rate
1.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
For Lease
Year built
1910
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
5
Total area
89,050 SF
Lot
1.06 ac (45,999 SF)
APN
1307910010002
UPID
US83-3741452
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
1910
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
5
Buildings
2
Lot
1.06 ac
Current owner
From public records · entity-resolved
City Lofts LLC
Entity
Free & Clear · 15 yrs held
Mailing address
1215 GESSNER RD, HOUSTON, TX 77055-6013
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
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 3, 2010
—
City Lofts LLC
Silco INC
Grant Deed
related
—
Mar 3, 2009
—
Silco INC
—
Trustees Deed
related
$6,485,225 · Prosperity Bank
Jun 2, 2005
—
Silco INC
—
Trustees Deed
related
$7,200,000 · Southern National Bank Texas
Jul 27, 2004
—
Silco INC
Robb Evans Receiver Of Tlc Americ
Grant Deed
related
—
Jan 31, 1997
—
Frost Family I Ltd
Purse & Company Of Houston INC
Grant Deed
related
—
—
—
City Lofts LLC
—
Deed Of Trust
related
$6,147,300 · Oak Grove Commercial Mtg 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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