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Property profile & analytics
OFF-MARKET
Apartment buildings
1703 Albans Rd 4 Houston, TX 77005-1735
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-0524474
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1945
Construction
WOOD FRAME
Total area
3,422 SF
Lot
0.15 ac (6,743 SF)
APN
630830020012
UPID
US82-0524474
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ian B Schimmel · 4 yrs held
Ian B Schimmel
since 2022
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$17,478
Tax year 2022
Assessed value
$925,121
Assessed 2024
Previous assessed
$867,500
+6.6% YoY
Effective rate
1.89%
On assessed value
Assessed land
$741,950
Assessed improvement
$183,171
Land market value
$741,950
Improvement market value
$183,171
Total market value
$925,121
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1945
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
2
Rooms
1
Total area
3,422 SF
Lot
0.15 ac (6,743 SF)
APN
630830020012
UPID
US82-0524474
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
1945
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Rooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Ian B Schimmel
Individual
Mailing address
1703 ALBANS RD APT #1, HOUSTON, TX 77005-1735
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2022
—
Ian B Schimmel
Daniel E Mccormick
Venders Lien
$650,625 · United Wholesale Mortgage
Jun 27, 2014
—
Mccormick,daniel E
Katzman Realty LLC
Grant Deed
$344,000 · Wells Fargo Bk
Jun 9, 2006
—
Katzman Realty LLC
Kuperman,robert
Warranty Deed
—
Jul 18, 2005
—
Robert L Kuperman
Inner Loop Holdings Ltd
Grant Deed
—
Feb 10, 2005
—
Inner Loop Holdings Ltd
Midtown Properties INC
Warranty Deed
—
Nov 29, 2004
—
Inner Loop Holdings Ltd
Branum,lisa T
Warranty Deed
related
$378,000 · Sterling Bank
—
—
Lisa T Branum
—
Deed Of Trust
related
$275,000 · Santa Fe Mortgage
—
—
Katzman Realty LLC
—
Deed Of Trust
related
$100,000 · Tradition Bank
—
—
Katzman Realty LLC
—
Deed Of Trust
related
$100,000 · Tradition Bank
—
—
Lisa T Branum
—
Deed Of Trust
related
$50,000 · Wells Fargo Bank Texas NA
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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