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Property profile & analytics
OFF-MARKET
Estimated value
$2,475,000
High-rise multifamily apartments
1521 Austin St 270 Houston, TX 77002-7707
Trust Owned
15-yr Hold
Free & Clear
Property ID
US82-4034924
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2018
Construction
CONCRETE
Total area
283,113 SF
Lot
1.37 ac (59,886 SF)
APN
20480000002
UPID
US82-4034924
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
-
LAM Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.48M
Owner & transaction history
Conte Susan C & Joseph P JR Trust · 15 yrs held
Conte Susan C & Joseph P JR Trust
since 2010
7 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
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)
$3,305,000
Current use
Blend value · Realmo final
$2.48M
Range $2.23M – $2.72M · ±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
$9 / 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
$1,855,822
Tax year 2022
Assessed value
$75,250,000
Assessed 2024
Previous assessed
$92,108,983
-18.3% YoY
Effective rate
2.47%
On assessed value
Assessed land
$17,965,800
Assessed improvement
$57,284,200
Land market value
$17,965,800
Improvement market value
$57,284,200
Total market value
$75,250,000
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
Off-Market
Year built
2018
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
21
Total area
283,113 SF
Lot
1.37 ac (59,886 SF)
APN
20480000002
UPID
US82-4034924
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
$3.3M
APARTMENT HOUSE (5+ UNITS) Current
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
2018
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
21
Buildings
4
Lot
1.37 ac
Current owner
From public records · entity-resolved
Conte Susan C & Joseph P JR Trust
Trust
Free & Clear · 15 yrs held
Mailing address
PO BOX 27329, HOUSTON, TX 77227-7329
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2010
—
Conte Susan C & Joseph P JR Trust
Conte Joseph P Trust
Quit Claim Deed
related
—
Aug 9, 2010
—
Conte Joseph P Fam Bypass Trust
—
Trustees Deed
related
$1,000,000 · Whitney National Bank
May 11, 2010
—
Conte Joseph P Fam Bypass Trust
—
Trustees Deed
related
$250,000 · Whitney National Bank
Jan 26, 2010
—
Conte Joseph P Fam Bypass Trust
—
Trustees Deed
related
$1,000,000 · Whitney National Bank
Aug 24, 2009
—
Conte Joseph P Fam Bypass
—
Trustees Deed
related
$250,000 · Whitney National Bank
Jun 24, 2008
—
Conte Joseph P Fam Bypass
—
Trustees Deed
related
$1,000,000 · Whitney National Bank
—
—
Conte Joseph P Family Trust
—
Deed Of Trust
related
$1,000,000 · Whitney National Bank
—
—
Conte Joseph P Family Trust
—
Deed Of Trust
related
$250,000 · Whitney National Bank
—
—
Conte Joseph P Family Trust
—
Deed Of Trust
related
$100,000 · Whitney National Bank
—
—
Conte Joseph P Family Trust
—
Deed Of Trust
related
$250,000 · Whitney National Bank
—
—
Conte Susan C & Joseph P JR Trust
—
Deed Of Trust
related
$1,900,000 · L Anderson Creel
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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