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Property profile & analytics
OFF-MARKET
Estimated value
$335,000
Garden apartment buildings
1906 Pitts Rd Richmond, TX 77406-1351
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-1923270
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1983
Total area
690 SF
Lot
0.23 ac (10,107 SF)
APN
5740-03-029-0390-907
UPID
US82-1923270
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
$335k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$335k
Owner & transaction history
Adonys Alexis Montiel Arape · 4 yrs held
Adonys Alexis Montiel Arape
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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
$335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$335k
Range $302k – $369k · ±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
$486 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$9,315
Tax year 2023
Assessed value
$602,770
Assessed 2024
Previous assessed
$652,283
-7.6% YoY
Effective rate
1.55%
On assessed value
Assessed land
$96,200
Assessed improvement
$506,570
Land market value
$96,200
Improvement market value
$506,570
Total market value
$602,770
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
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Bathrooms
3
Total area
690 SF
Lot
0.23 ac (10,107 SF)
APN
5740-03-029-0390-907
UPID
US82-1923270
Jurisdiction
FORT BEND
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
1983
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
3
Lot
0.23 ac
Current owner
From public records · entity-resolved
Adonys Alexis Montiel Arape
Individual
Mailing address
1906 PITTS RD, RICHMOND, TX 77406-1351
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2022
—
Adonys Alexis Montiel Arape
Opendoor Property Trust I
Venders Lien
$456,000 · Interlinc Mortgage Services LLC
Jul 8, 2021
—
Opendoor Property Trust I
Norah Janer
Special Warranty Deed
—
Nov 14, 2014
—
Norah Janer
Mullins,allison & Julius B
Grant Deed
—
Apr 9, 2013
—
Allison Millins
Anthony F Brodie
Venders Lien
$317,300 · The Valut Mortgage Co
Sep 28, 2010
—
Anthony F Broadie
Washington Mutual Trust
Grant Deed
$231,000 · Usaa Fsb
May 10, 2010
$301,284
Washington Mutual 2006-he4 Trust
Leva Jeff
Trustees Deed
related
—
Jul 10, 2006
—
Lawson,harper C
Ford,terrence & Candace
Warranty Deed
$237,440 · Cit Grp/consumer Fin
May 20, 2004
—
Terrance Ford
Parmley,robert & Baarbi
Grant Deed
$216,000 · Accredited Home Lenders
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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