Property profile

220 Alabama St 131 Houston, TX 77006

OFF-MARKET
High-rise multifamily apartments
Property ID
US82-0294198
91,456 SF 1.02 ac lot Built 1962
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 1962
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 91,456 SF
Lot 1.02 ac (44,375 SF)
APN 370370010001
UPID US82-0294198

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Complex
  • Loan Service Bank

Location

220 Alabama St, Unit 131 Houston, TX 77006-5144
Houston metro Census 410704 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.64M
Blend (final) Blend
$7.76M

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Restaurant $9.9M +44.8%
Auto repair, garage $8.5M +25.3%
Retail stores $7.5M +9.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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