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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Garden apartment buildings
1919 Portsmouth St 30 Houston, TX 77098-4236
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US83-3743901
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1965
Construction
WOOD FRAME
Total area
11,436 SF
Lot
0.69 ac (30,000 SF)
APN
571230000011
UPID
US83-3743901
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
-
1919 Portsmouth Apartments Apartment Complex
-
Simco Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$979k
Blend (final)
Blend
$845k
Owner & transaction history
Csc 1919 Portsmouth Realty LLC · 1 yrs held
Csc 1919 Portsmouth Realty LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+27.9%
Restaurant
$1.0M
+25.1%
Retail stores
$930,000
+11.3%
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
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$835,000
Current use
AUTO REPAIR, GARAGE
$1,065,000
Change: +28% · Conversion: Difficult
RESTAURANT
$1,045,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$930,000
Change: +11% · Conversion: Difficult
WAREHOUSE, STORAGE
$890,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$730,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$74 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$75,358
Tax year 2020
Assessed value
$3,068,195
Assessed 2024
Previous assessed
$4,166,446
-26.4% YoY
Effective rate
2.46%
On assessed value
Assessed land
$2,250,000
Assessed improvement
$818,195
Land market value
$2,250,000
Improvement market value
$818,195
Total market value
$3,068,195
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1965
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
3
Rooms
2
Bathrooms
1
Total area
11,436 SF
Lot
0.69 ac (30,000 SF)
APN
571230000011
UPID
US83-3743901
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
$835,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RESTAURANT
Est. value
$1.0M
RETAIL STORES
Est. value
$930,000
WAREHOUSE, STORAGE
Est. value
$890,000
MEDICAL BUILDING
Est. value
$730,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
WAREHOUSE, STORAGE
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
1965
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
6
Rooms
2
Bathrooms
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Csc 1919 Portsmouth Realty LLC
Entity
Mailing address
PO BOX 201, ASPEN, CO 81612-0201
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2025
—
Csc 1919 Portsmouth Realty LLC
Montrose Realty LLC
Warranty Deed
$3,543,000 · Ument Real Estate Captial LLC
Nov 16, 2016
—
Montrose Realty LLC
F6 Properties Ltd
Grant Deed
$8,118,750 · Ladder Cap Fin
Oct 19, 2016
—
F6 Properties INC
—
Deed
related
$1,996,000 · Federal Nat'l Mtg Assn (fnma)
Jun 17, 2016
—
F6 Properties INC
—
Deed
related
$918,000 · Federal Nat'l Mtg Assn (fnma)
Aug 26, 2013
—
F6 Properties INC
Inner Loop Holdings Ltd
Warranty Deed
related
$812,000 · Wfb NA
Nov 28, 2005
—
Inner Loop Holdings Ltd
—
Trustees Deed
related
$4,965,000 · Citibank Fsb
Feb 10, 2005
—
Inner Loop Holdings Ltd
Midtown Properties INC
Warranty Deed
—
Jul 25, 2001
—
Constance Crow
Associates Relocation Mgmt
Grant Deed
related
$260,000 · Cornerstone Mortgage Corp
Jan 23, 2001
—
Midtown Properties INC
Clay,michael M & Anneliese K
Grant Deed
related
$920,000 · Old Kent Bank
—
—
F6 Properties INC
—
Loan Modification
related
$1,996,000 · Federal Nat'l Mtg Assn (fnma)
—
—
F6 Properties INC
—
Loan Modification
related
$1,160,000 · Federal Nat'l Mtg Assn (fnma)
—
—
F6 Properties INC
—
Loan Modification
related
$918,000 · Federal Nat'l Mtg Assn (fnma)
—
—
F6 Properties INC
—
Loan Modification
related
$1,996,000 · Federal Nat'l Mtg Assn (fnma)
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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