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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Garden apartment buildings
21500 Park Row Dr 291 Katy, TX 77449-2427
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2833995
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2001
Construction
WOOD FRAME
Total area
11,924 SF
Lot
13 ac (566,219 SF)
APN
1221720010001
UPID
US82-2833995
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
-
Blanco Rebar Pools, INC Construction Company
-
Efi Beauty in TX Hair Salon
-
Blanco Rebar Pools Construction Company
-
Online Business Business Networking Company
-
Halftone Studio Wedding & Portrait Photography Wedding Service Photography Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$649k
Blend (final)
Blend
$700k
Owner & transaction history
Ahc Station LLC · 8 yrs held
Ahc Station LLC
since 2017
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$880,000
+178.2%
Auto repair, garage
$760,000
+140.0%
Warehouse, storage
$505,000
+59.4%
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 Katy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Katy 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
$755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$880,000
Change: +178% · Conversion: Moderate
AUTO REPAIR, GARAGE
$760,000
Change: +140% · Conversion: Difficult
WAREHOUSE, STORAGE
$505,000
Change: +59% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$59 / 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
$754,158
Tax year 2022
Assessed value
$41,280,000
Assessed 2024
Previous assessed
$42,984,451
-4.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$3,397,314
Assessed improvement
$37,882,686
Land market value
$3,397,314
Improvement market value
$37,882,686
Total market value
$41,280,000
Applied tax rate
19.0000
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
2001
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
33
Stories
2
Total area
11,924 SF
Lot
13 ac (566,219 SF)
APN
1221720010001
UPID
US82-2833995
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
MEDICAL BUILDING
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$760,000
WAREHOUSE, STORAGE
Est. value
$505,000
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2001
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
33
Lot
13 ac
Current owner
From public records · entity-resolved
Ahc Station LLC
Entity
Mailing address
701 N PEARL STN1650, DALLAS, TX 75201
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Sep 13, 2017
—
Ahc Station LLC
Bent Tree Jv Holdings LLC
Quit Claim Deed
related
$23,400,000 · Berkeley Point Cap
Sep 25, 2013
—
Bent Tree Jv Holdings LLC
Bent Tree Apts Lllp
Quit Claim Deed
related
$13,983,795 · Us Bank NA #2012-k705 (ce)
Mar 10, 2006
—
Cooper Bt Apartments I LLC
Bent Tree Ventures Ltd
Grant Deed
$12,000,000 · Artesia Mortgage Capital Corp
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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