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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Garden apartment buildings
2020 Main St 22 Houston, TX 77098-3451
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US83-4147324
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1965
Construction
WOOD FRAME
Total area
15,924 SF
Lot
0.32 ac (14,000 SF)
APN
561230000019
UPID
US83-4147324
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$618k
Blend (final)
Blend
$560k
Owner & transaction history
Goshen Texas Properties LLC · 15 yrs held
Goshen Texas Properties LLC
since 2011
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$35 / 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
$43,753
Tax year 2022
Assessed value
$1,886,881
Assessed 2024
Previous assessed
$2,171,554
-13.1% YoY
Effective rate
2.32%
On assessed value
Assessed land
$1,610,000
Assessed improvement
$276,881
Land market value
$1,610,000
Improvement market value
$276,881
Total market value
$1,886,881
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
NONE
Cooling
NONE
Buildings
1
Stories
2
Rooms
1
Bathrooms
1
Total area
15,924 SF
Lot
0.32 ac (14,000 SF)
APN
561230000019
UPID
US83-4147324
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
Building & site characteristics
From public records
Year built
1965
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Rooms
1
Bathrooms
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Goshen Texas Properties LLC
Entity
Mailing address
PO BOX 35311, HOUSTON, TX 77235-5311
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2011
—
Goshen Texas Properties LLC
Ikeda Aurelio
Grant Deed
$716,000 · Smart Financial Cu
Jun 22, 2007
—
Aurelio Ikeda
Zhang,qiang
Grant Deed
$800,000 · First National Bank
Jan 3, 2006
—
Qiang Zhang
Walsh,john F JR
Warranty Deed
$592,500 · East West Bank
Apr 7, 1999
—
Thomas J Bunting
Porter,cyndal
Grant Deed
$200,700 · Norwest Mortgage INC
Nov 3, 1998
—
John M Greene
Contemporary Homes INC
Grant Deed
$150,000 · Home Savings Of America
—
—
Goshen Texas Properties LLC
—
Deed Of Trust
related
$676,411 · Smart Financial Cu
—
—
Goshen Texas Properties LLC
—
Deed Of Trust
related
$1,100,000 · Other Institutional Lenders
—
—
John F Walsh
—
Deed Of Trust
related
$240,000 · Frost National Bank
—
—
Aurelio Ikeda
—
Deed Of Trust
related
$31,594 · Tax Ease Funding LP
—
—
Aurelio Ikeda
—
Deed Of Trust
related
$798,574 · First National 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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