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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Garden apartment buildings
2135 Shadowdale Dr 200 Houston, TX 77043-2619
Individually Owned
28-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2510823
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1972
Construction
FRAME
Total area
9,684 SF
Lot
9.65 ac (420,158 SF)
APN
470540000053
UPID
US82-2510823
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
-
Shadowdale Oaks Apartments Apartment Building
-
D & S Lawncare Landscaping General Contractor
-
Yu's Window Covering Interior Design Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$910k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$908k
Blend (final)
Blend
$910k
Owner & transaction history
Fpc/shadowdale Oaks Apartments · 28 yrs held
Fpc/shadowdale Oaks Apartments
since 1998
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+77.2%
Restaurant
$980,000
+61.7%
Auto repair, garage
$905,000
+49.3%
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
$910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$605,000
Current use
COMMERCIAL (GENERAL)
$1,075,000
Change: +77% · Conversion: Moderate
RESTAURANT
$980,000
Change: +62% · Conversion: Difficult
AUTO REPAIR, GARAGE
$905,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$715,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$620,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±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
$94 / 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
$84,568
Tax year 2022
Assessed value
$8,406,641
Assessed 2024
Previous assessed
$8,021,443
+4.8% YoY
Effective rate
1.01%
On assessed value
Assessed land
$7,352,765
Assessed improvement
$1,053,876
Land market value
$7,352,765
Improvement market value
$1,053,876
Total market value
$8,406,641
Applied tax rate
25.0000
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
1972
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
19
Stories
2
Rooms
1
Bathrooms
1
Total area
9,684 SF
Lot
9.65 ac (420,158 SF)
APN
470540000053
UPID
US82-2510823
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
$605,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
RESTAURANT
Est. value
$980,000
AUTO REPAIR, GARAGE
Est. value
$905,000
RETAIL STORES
Est. value
$715,000
MEDICAL BUILDING
Est. value
$620,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1972
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
19
Rooms
1
Bathrooms
1
Lot
9.65 ac
Current owner
From public records · entity-resolved
Fpc/shadowdale Oaks Apartments
Individual
Mailing address
1 MEMORIAL PT LN, HOUSTON, TX 77024-7313
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2017
—
Anphin INC
—
Deed
related
$3,000,000 · Wells Fargo Bk
Apr 29, 1998
—
Fpc/shadowdale Oaks Apartments
Shadowdale Oaks Lc
Quit Claim Deed
related
$4,385,000 · Bank One Texas NA
—
—
Anphin INC
—
Deed Of Trust
related
$3,850,000 · Mercantile Commerce Bank
—
—
Anphin INC
—
Deed Of Trust
related
$3,000,000 · Wells Fargo Bk
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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