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Property profile & analytics
OFF-MARKET
Estimated value
$2,750,000
Garden apartment buildings
19100 Glenwest Dr 322, Friendswood, TX 77546-7871
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3613503
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1999
Construction
FRAME
Total area
28,444 SF
Lot
13.31 ac (579,740 SF)
APN
1200010000001
UPID
US83-3613503
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
-
LEWIS MOTOR CARRIER,LLC Trucking Company
-
The Grayson at Baybrook Apartments Apartment Complex Apartment Building
-
Mc Neil Enterprises (Bike/Boat/Book/etc) Store Corporate Office
-
BaseYounger Group, LLC General Contractor Carpet & Flooring Store
-
Ablevamp Group, LLC General Contractor Carpet & Flooring Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.90M
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$2.75M
Owner & transaction history
Grayson At Baybrook Multifamimly Fr · 4 yrs held
Grayson At Baybrook Multifamimly Fr
since 2022
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.1M
+132.0%
Restaurant
$2.8M
+58.3%
Auto repair, garage
$2.6M
+46.7%
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 Friendswood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Friendswood 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%
$3,145,000
6.5%
$2,900,000
7%
$2,695,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,755,000
Current use
OFFICE BUILDING
$4,070,000
Change: +132% · Conversion: Moderate
RESTAURANT
$2,775,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,575,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,535,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$1,875,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$2.75M
Range $2.48M – $3.03M · ±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
$97 / 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
$279,478
Tax year 2022
Assessed value
$49,600,000
Assessed 2024
Previous assessed
$48,819,964
+1.6% YoY
Effective rate
0.56%
On assessed value
Assessed land
$5,797,400
Assessed improvement
$43,802,600
Land market value
$5,797,400
Improvement market value
$43,802,600
Total market value
$49,600,000
Applied tax rate
27.0000
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
1999
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
13
Stories
3
Rooms
1
Bathrooms
1
Total area
28,444 SF
Lot
13.31 ac (579,740 SF)
APN
1200010000001
UPID
US83-3613503
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
$1.8M
OFFICE BUILDING
Est. value
$4.1M
RESTAURANT
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL 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
1999
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
13
Rooms
1
Bathrooms
1
Lot
13.31 ac
Current owner
From public records · entity-resolved
Grayson At Baybrook Multifamimly Fr
Individual
Mailing address
2134 DARBY LN, FRESNO, TX 77545-9239
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2022
—
Grayson At Baybrook Multifamimly Fr
Grayson At Baybrook LLC
Special Warranty Deed
$38,190,000 · Natixis New York Branch
Jul 3, 2018
—
Grayson At Baybrook LLC
Lodge At Baybrook Owner LLC
Grant Deed
related
—
Jul 1, 2014
—
Lodge At Baybrook Owner LLC
19100 Glenwest Drive Owner LLC
Special Warranty Deed
—
Jul 11, 2008
—
19100 Glenwest Drive Owner LLC
Mbs-baybrook Ltd
Grant Deed
related
—
Oct 1, 2004
—
Mbs-baybrook Ltd
Lodge At Baybrook Ltd
Grant Deed
$20,500,000 · Pnc Bank
—
—
Lodge At Baybrook Owner LLC
—
Deed Of Trust
related
$5,120,000 · Berkadia Com'l Mtg
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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