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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Garden apartment buildings
17630 Wayforest Dr 268 Houston, TX 77060-7023
Individually Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-3739215
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1983
Construction
BRICK
Total area
28,746 SF
Lot
9.41 ac (410,096 SF)
APN
1150920000010
UPID
US83-3739215
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
-
Augusta At Cityview Apartment Complex
-
CJayy's Creations Bakery Specialty Food Shop
-
Next Clothing Supplier
-
Jiffy Funnel LLC. Marketing & Advertising
-
Serena Grove 1 Apartment Complex Apartment Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$637k
Blend (final)
Blend
$665k
Owner & transaction history
Fargo Bk NA 2006-cibc16 Wells · 15 yrs held
Fargo Bk NA 2006-cibc16 Wells
since 2011
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
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,105,000
Current use
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$23 / 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
$140,670
Tax year 2022
Assessed value
$15,474,542
Assessed 2024
Previous assessed
$17,169,905
-9.9% YoY
Effective rate
0.91%
On assessed value
Assessed land
$2,050,480
Assessed improvement
$13,424,062
Land market value
$2,050,480
Improvement market value
$13,424,062
Total market value
$15,474,542
Applied tax rate
9.0000
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
1983
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
13
Stories
3
Rooms
1
Bathrooms
6
Total area
28,746 SF
Lot
9.41 ac (410,096 SF)
APN
1150920000010
UPID
US83-3739215
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
$1.1M
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
1983
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
13
Rooms
1
Bathrooms
6
Lot
9.41 ac
Current owner
From public records · entity-resolved
Fargo Bk NA 2006-cibc16 Wells
Individual
Free & Clear · 15 yrs held
Mailing address
100 GLENBOROUGH DR STE #1000, HOUSTON, TX 77067-3621
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2026
—
Amg Cityview Apartments LLC
—
Deed
related
$14,000,000 · South State Bank National Association
Jun 21, 2024
—
Amg Cityview Apartments LLC
—
Deed
related
$14,000,000 · Bellco Cu
Mar 1, 2011
$6,000,000
Fargo Bk NA 2006-cibc16 Wells
Neilson,chris
Trustees Deed
related
—
Mar 1, 2011
$13,200,000
Fargo Bk NA 2006-cibc16 Wells
Neilson,chris
Trustees Deed
related
—
Mar 1, 2011
$7,600,000
Fargo Bk NA 2006-cibc16 Wells
Neilson,chris
Trustees Deed
related
—
Jul 14, 2006
—
Cityview Apartments Assocs
Cityview Apartments Assocs
Quit Claim Deed
related
$72,800,000 · Cibc INC
Apr 27, 1998
—
W9/gpt-wayforest Real Est LP
Msb Wayforest Ltd
Grant Deed
related
—
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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