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Property profile & analytics
OFF-MARKET
Estimated value
$1,495,000
Garden apartment buildings
1911 Southmore Ave 115 Pasadena, TX 77502-1322
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2048180
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1966
Construction
BRICK
Total area
16,402 SF
Lot
3.97 ac (172,724 SF)
APN
321070200021
UPID
US82-2048180
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
-
Eden Rock Apartments Apartment Building
-
Graced N Excellence Pro Services Business Administration Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.50M
Owner & transaction history
Eden Roc Owner LLC · 2 yrs held
Eden Roc Owner LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+137.4%
Restaurant
$2.0M
+99.9%
Auto repair, garage
$1.6M
+58.1%
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 Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasadena 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,005,000
Current use
COMMERCIAL (GENERAL)
$2,385,000
Change: +137% · Conversion: Moderate
RESTAURANT
$2,010,000
Change: +100% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,590,000
Change: +58% · Conversion: Difficult
MEDICAL BUILDING
$1,195,000
Change: +19% · Conversion: Moderate
RETAIL STORES
$1,155,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$1,145,000
Change: +14% · Conversion: Moderate
WAREHOUSE, STORAGE
$985,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±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
$91 / 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
$84,936
Tax year 2022
Assessed value
$7,100,000
Assessed 2024
Previous assessed
$7,471,529
-5.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,381,800
Assessed improvement
$5,718,200
Land market value
$1,381,800
Improvement market value
$5,718,200
Total market value
$7,100,000
Applied tax rate
21.0000
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
1966
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
10
Stories
2
Rooms
1
Bathrooms
1
Total area
16,402 SF
Lot
3.97 ac (172,724 SF)
APN
321070200021
UPID
US82-2048180
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
$1.0M
COMMERCIAL (GENERAL)
Est. value
$2.4M
RESTAURANT
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$985,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1966
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
10
Rooms
1
Bathrooms
1
Lot
3.97 ac
Current owner
From public records · entity-resolved
Eden Roc Owner LLC
Entity
Mailing address
7765 VICTORIA CIR, INDEPENDENCE, OH 44131-4896
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2023
—
Eden Roc Owner LLC
Erock LLC
Special Warranty Deed
$7,575,183 · Lima One Capital LLC
Oct 15, 2020
—
Dunn,j & E Fam Trust
Lucas Ltd Profit Sharing Plan
Quit Claim Deed
related
—
Dec 18, 2013
—
Erock LLC
Eden Rock Apartments LLC
Grant Deed
$2,426,250 · Southwest Securities Bank
May 20, 2003
—
Eden Rock Apartments LLC
Green,robert L
Grant Deed
related
—
May 8, 2003
—
Keith Nielsen
Cornelius,laurie
Grant Deed
$230,000 · Laurie Cornelius
Feb 28, 2003
—
Robert L Green
Abraham,kovil P & Sugi
Grant Deed
$1,600,000 · Central Bank & Trust
Nov 7, 2002
—
Jorge J Navarro
Burkitt Foundation
Grant Deed
$70,000 · Central Bank & Trust
Feb 27, 2001
—
Dunn Trust
Principal Life Insurance Co
Grant Deed
related
—
Aug 10, 1999
—
Kovil P Abraham
K Abraham Trustee
Quit Claim Deed
related
$1,000,000 · Wells Fargo Bank Texas NA
May 27, 1998
—
Mdh Properties Ltd
Ahrens,carl & Ellen L
Grant Deed
$265,000 · First National Bank
Sep 11, 1997
—
Tony Tzang
Shoneys Real Estate INC
Grant Deed
$80,000 · Texas First National Bank
—
—
Eden Rock Apartments LLC
—
Deed Of Trust
related
$1,850,000 · American Equity Inv Life Ins
—
—
Eden Rock Apartments LLC
—
Deed Of Trust
related
$1,860,000 · Column Financial INC
—
—
Erock LLC
—
Deed Of Trust
related
$3,640,000 · Greystone Svcg
—
—
Carl Ahrens
—
Deed Of Trust
related
$40,000 · Ahrens Educational Trust
—
—
Eden Rock Apartments LLC
—
Deed Of Trust
related
$1,850,000 · American Equity Inv Life Ins
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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