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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Garden apartment buildings
2006 43rd St 80 Houston, TX 77018-3044
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3749224
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1992
Construction
FRAME
Total area
10,524 SF
Lot
1.76 ac (76,866 SF)
APN
845310000014
UPID
US83-3749224
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
-
The Grove at 43rd Apartment Complex
-
The Grove at 43rd Apartment Homes Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$902k
Blend (final)
Blend
$1.01M
Owner & transaction history
P & C Scottino LLC · 12 yrs held
P & C Scottino LLC
since 2014
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+121.4%
Restaurant
$1.2M
+106.3%
Retail stores
$840,000
+41.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,315,000
Change: +121% · Conversion: Difficult
RESTAURANT
$1,225,000
Change: +106% · Conversion: Difficult
RETAIL STORES
$840,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$730,000
Change: +23% · Conversion: Moderate
MEDICAL BUILDING
$670,000
Change: +13% · Conversion: Moderate
WAREHOUSE, STORAGE
$610,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±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
$95 / 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
$189,780
Tax year 2022
Assessed value
$7,275,927
Assessed 2024
Previous assessed
$9,419,266
-22.8% YoY
Effective rate
2.61%
On assessed value
Assessed land
$1,921,700
Assessed improvement
$5,354,227
Land market value
$1,921,700
Improvement market value
$5,354,227
Total market value
$7,275,927
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
1992
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Stories
2
Rooms
1
Total area
10,524 SF
Lot
1.76 ac (76,866 SF)
APN
845310000014
UPID
US83-3749224
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
AUTO REPAIR, GARAGE
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$840,000
OFFICE BUILDING
Est. value
$730,000
MEDICAL BUILDING
Est. value
$670,000
WAREHOUSE, STORAGE
Est. value
$610,000
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
OFFICE BUILDING
MEDICAL 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
1992
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
7
Rooms
1
Lot
1.76 ac
Current owner
From public records · entity-resolved
P & C Scottino LLC
Entity
Mailing address
2100 TROON RD, HOUSTON, TX 77019-1512
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Jul 17, 2017
—
Lh 2006 43rd LLC
—
Deed
related
$6,000,000 · Jp Morgan Chase Bk
Apr 1, 2014
—
P & C Scottino LLC
Young,timothy R & Patricia M
Warranty Deed
$4,450,000 · Newfirst Nat'l Bk
Apr 16, 2007
—
Timothy R Young
Oak Tree Apartments LLC
Grant Deed
$1,700,000 · Greystone Servicing Corp
Oct 20, 2006
—
Oak Tree Apartments LLC
Pnl Mfr
Grant Deed
$1,987,500 · Wells Fargo Bank
—
—
Lh 2006 43rd LLC
—
Deed Of Trust
related
$6,000,000 · Jp Morgan Chase Bk
—
—
Were Rockin LLC
—
Deed Of Trust
related
$2,203,800 · Arbor National Commercial 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.
Try Rey
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