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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Garden apartment buildings
2020 Eldridge Pkwy 312 Houston, TX 77077-3487
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0503757
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2003
Construction
FRAME
Total area
13,934 SF
Lot
20.57 ac (895,999 SF)
APN
1229560000001
UPID
US82-0503757
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
-
San Brisas Apartments in West Houston Apartment Building Apartment Rental Agency
-
Maria's Corner Photography Service (Bike/Boat/Book/etc) Store
-
Oakwood at San Brisas Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$619k
Blend (final)
Blend
$625k
Owner & transaction history
Fpm San Brisas Prop Owner LLC · 14 yrs held
Fpm San Brisas Prop Owner LLC
since 2012
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$975,000
+119.9%
Medical building
$890,000
+100.4%
Warehouse, storage
$680,000
+53.7%
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 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
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$445,000
Current use
AUTO REPAIR, GARAGE
$975,000
Change: +120% · Conversion: Difficult
MEDICAL BUILDING
$890,000
Change: +100% · Conversion: Moderate
WAREHOUSE, STORAGE
$680,000
Change: +54% · Conversion: Difficult
RETAIL STORES
$620,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$410,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$45 / 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
$1,663,609
Tax year 2022
Assessed value
$62,244,287
Assessed 2024
Previous assessed
$82,569,000
-24.6% YoY
Effective rate
2.67%
On assessed value
Assessed land
$17,919,980
Assessed improvement
$44,324,307
Land market value
$17,919,980
Improvement market value
$44,324,307
Total market value
$62,244,287
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
2003
Construction
FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
45
Stories
3
Total area
13,934 SF
Lot
20.57 ac (895,999 SF)
APN
1229560000001
UPID
US82-0503757
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
$445,000
AUTO REPAIR, GARAGE
Est. value
$975,000
MEDICAL BUILDING
Est. value
$890,000
WAREHOUSE, STORAGE
Est. value
$680,000
RETAIL STORES
Est. value
$620,000
OFFICE BUILDING
Est. value
$410,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
OFFICE 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
2003
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
3
Buildings
45
Lot
20.57 ac
Current owner
From public records · entity-resolved
Fpm San Brisas Prop Owner LLC
Entity
Mailing address
10351 SANTA MONICA BLVD STE #270, LOS ANGELES, CA 90025-6935
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2012
—
Fpm San Brisas Prop Owner LLC
USA San Brisas Dst
Grant Deed
$39,960,000 · Berkadia Com'l Mtg
May 26, 2005
—
USA San Brisas Dst
Imf Investments 301 Ltd
Grant Deed
$33,600,000 · Pnc Bank
Dec 13, 2004
—
Imf Investments 301 Ltd
—
Trustees Deed
related
$140,460 · Compass Bank
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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