New search
Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Garden apartment buildings
222 Fairmont Pkwy 55, La Porte, TX 77571-6456
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0187457
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1962
Construction
FRAME
Total area
6,104 SF
Lot
2.22 ac (96,873 SF)
APN
241890110001
UPID
US82-0187457
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
$805k
CAP Approach
CAP
$625k
Comparable Approach
Comparable
$442k
Blend (final)
Blend
$625k
Owner & transaction history
Fairmont Investment Co LLC · 21 yrs held
Fairmont Investment Co LLC
since 2004
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$610,000
+96.2%
Restaurant
$515,000
+66.3%
Retail stores
$480,000
+53.9%
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 La Porte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Porte 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
$805,000
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$625,000
7%
$580,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$610,000
Change: +96% · Conversion: Difficult
RESTAURANT
$515,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$480,000
Change: +54% · Conversion: Difficult
MEDICAL BUILDING
$400,000
Change: +29% · Conversion: Moderate
OFFICE BUILDING
$375,000
Change: +21% · 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
$102 / 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
$27,401
Tax year 2022
Assessed value
$4,046,232
Assessed 2024
Previous assessed
$4,021,945
+0.6% YoY
Effective rate
0.68%
On assessed value
Assessed land
$484,375
Assessed improvement
$3,561,857
Land market value
$484,375
Improvement market value
$3,561,857
Total market value
$4,046,232
Applied tax rate
20.0000
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
1962
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
2
Rooms
1
Bathrooms
1
Total area
6,104 SF
Lot
2.22 ac (96,873 SF)
APN
241890110001
UPID
US82-0187457
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
AUTO REPAIR, GARAGE
Est. value
$610,000
RESTAURANT
Est. value
$515,000
RETAIL STORES
Est. value
$480,000
MEDICAL BUILDING
Est. value
$400,000
OFFICE BUILDING
Est. value
$375,000
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
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
1962
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
6
Rooms
1
Bathrooms
1
Lot
2.22 ac
Current owner
From public records · entity-resolved
Fairmont Investment Co LLC
Entity
Mailing address
5850 SAN FELIPE ST STE #500, HOUSTON, TX 77057-8003
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2017
—
Fairmont Inv LLC
—
Deed
related
$1,820,000 · Hunt Mtg Ptrs LLC
Dec 2, 2004
—
Fairmont Investment Co LLC
Vitullo,angelo & Rosemarie S
Warranty Deed
$800,000 · New Century Mortgage
Apr 1, 1997
—
Angelo Vitullo
Kaylor,roy D
Grant Deed
$356,200 · Money Store INC
—
—
Fairmont Inv LLC
—
Deed Of Trust
related
$1,275,000 · * Other Institutional Lenders
—
—
Fairmont Inv LLC
—
Deed Of Trust
related
$1,820,000 · Hunt Mtg Ptrs LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 222 Fairmont Pkwy, Unit 55?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
