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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Garden apartment buildings
1601 Garth Rd 301 Baytown, TX 77520-2481
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0862517
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1974
Construction
BRICK
Total area
11,642 SF
Lot
15.19 ac (661,676 SF)
APN
451440030072
UPID
US82-0862517
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
-
Red Line Dumpster Rental Waste Management Facility Hazardous Waste Disposal
-
The Park at Monza Apartments Apartment Complex
-
Dynamite Dumpsters General Contractor Waste Management Facility
-
Basekschit Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.19M
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.20M
Owner & transaction history
Blanca Yasmira Ramirez · 1 yrs held
Blanca Yasmira Ramirez
since 2025
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+129.1%
Industrial (general)
$1.4M
+69.4%
Auto repair, garage
$1.2M
+45.8%
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 Baytown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Baytown 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%
$1,285,000
6.5%
$1,185,000
7%
$1,105,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$840,000
Current use
COMMERCIAL (GENERAL)
$1,925,000
Change: +129% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,425,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,225,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$1,225,000
Change: +46% · Conversion: Difficult
RESTAURANT
$1,215,000
Change: +44% · Conversion: Difficult
MEDICAL BUILDING
$1,155,000
Change: +38% · Conversion: Moderate
OFFICE BUILDING
$1,085,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±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
$103 / 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
$115,105
Tax year 2022
Assessed value
$19,028,533
Assessed 2024
Previous assessed
$21,511,343
-11.5% YoY
Effective rate
0.60%
On assessed value
Assessed land
$1,654,190
Assessed improvement
$17,374,343
Land market value
$1,654,190
Improvement market value
$17,374,343
Total market value
$19,028,533
Applied tax rate
16.0000
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
1974
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
36
Stories
2
Rooms
1
Bathrooms
2
Total area
11,642 SF
Lot
15.19 ac (661,676 SF)
APN
451440030072
UPID
US82-0862517
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
$840,000
COMMERCIAL (GENERAL)
Est. value
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
RESTAURANT
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
OFFICE 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
1974
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
36
Rooms
1
Bathrooms
2
Lot
15.19 ac
Current owner
From public records · entity-resolved
Blanca Yasmira Ramirez
Individual
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Apr 24, 2025
—
Blanca Yasmira Ramirez
Los Pinos Investors LP
Deed
$66,500 · Los Pinos Investors LP
Jul 10, 2017
—
Cp 1601 Baytown LLC
1601 Garth Road LP
Quit Claim Deed
related
$15,232,500 · Jones Lang Lasalle Multifamily
Apr 1, 2014
—
1601 Garth Road LP
Village Apartments L Woodcreek
Grant Deed
$7,670,000 · First Bk
Feb 22, 2012
—
Woodcreek Village Apartments L
Pacifica Baytown LLC
Grant Deed
$5,046,090 · Bloomfield Mb Vi LLC
Oct 6, 2011
$3,600,000
Pacifica Baytown LLC
Cribbs,fp JR
Trustees Deed
—
—
—
1601 Garth Road LP
—
Deed Of Trust
related
$8,100,000 · Arbor Com'l Fndg
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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